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FRS RIN: 7100-AD21 Publication ID: Spring 2009 
Title: Regulation DD--Truth in Savings (Docket No. R-1315) 
Abstract: The Federal Reserve Board (Board) on May 19, 2008, published for comment proposed regulations to amend Regulation DD, which implements the Truth in Savings Act, and the staff commentary to the regulation. The comment period closed on July 18, 2008, and the Board published a final rule on January 29, 2009 (74 FR 5593). The final rule is effective January 1, 2010. The final rule, which generally adopted the proposed rule with clarifications, requires all depository institutions to disclose aggregate overdraft fees and returned-item fees on periodic statements, and not solely institutions that promote the payment of overdrafts. The final rule also addresses account balance disclosures provided to consumers through automated systems. Finally, the proposed amendments would have established content and timing requirements for a notice to consumers about any right to opt out of an institution's overdraft service. The final rule did not adopt this aspect of the proposed rule. Instead, the Board separately published on January 29, 2009, a proposal under Regulation E, which implements the Electronic Fund Transfer Act, addressing requirements for overdraft services (Docket No. R-1343, 74 FR 5212). The Regulation E comment period closes March 29, 2009. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 230   
Legal Authority: 12 USC 4301 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment   05/19/2008  73 FR 28739   
Board Adopted Final Rule  01/29/2009  74 FR 5593   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Ky Tran-Trong
Counsel
Federal Reserve System
Division of Consumer and Community Affairs,
Phone:202 452-3667