It is also referred to as Regulation CC or Reg CC, after the Federal Reserve regulation that implements the act. The law is codified in Title 12, Chapter 41 of the US Code and Title 12, Part 229 of the Code of Federal Regulations.
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Published 1989 by Warren, Gorham & Lamont in Boston.
by Peat Marwick Main & Co.
Congress in 1987, the EFAA also standardized financial institutions' use of the deposit holds. What Does Deferred Availability Mean?
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Our results contrast with the conventional view that benchmarking a fund manager is not in the best interest of investors.
New York: Cambridge University Press, 2009). Our results contrast with the conventional view that benchmarking a fund manager is not in the best interest of investors.
Note that these rules indicate the maximum time for availability. Also, deposits made at ATMs can have a different schedule due to the processing time required. Cost of Collection Float: The benefit of reducing collection delays is directly reflected in the change in average daily float.