The Expedited Funds Availability Act: Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-eighth Congress, Second Session, on H.R. 5301 ... April 4, 1984 |
From inside the book
Results 1-5 of 19
Page 265
... redemption requests refused because they were drawn on uncollected funds ( Attachment E ) . I believe this information points up the need for further consideration of the scope of the proposed legislation . I hope this information is ...
... redemption requests refused because they were drawn on uncollected funds ( Attachment E ) . I believe this information points up the need for further consideration of the scope of the proposed legislation . I hope this information is ...
Page 360
... REDEMPTION OF SHARES The Trust is required to redeem for cash all full and fractional shares of the Trust . The redemption price is the net asset value per share next determined after receipt by the Transfer Agent of proper notice of ...
... REDEMPTION OF SHARES The Trust is required to redeem for cash all full and fractional shares of the Trust . The redemption price is the net asset value per share next determined after receipt by the Transfer Agent of proper notice of ...
Page 361
... AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE ACCU- RACY OR ADEQUACY OF THIS PROSPECTUS . ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE . value of the shares on redemption may be more or 361.
... AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE ACCU- RACY OR ADEQUACY OF THIS PROSPECTUS . ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE . value of the shares on redemption may be more or 361.
Page 362
... redemption may be more or less than the cost to the investor , depending upon the value of the Fund's investments at that time . Investors may use the Check Redemption Privilege , the Telephone / Expedited Redemption Privilege , Dreyfus ...
... redemption may be more or less than the cost to the investor , depending upon the value of the Fund's investments at that time . Investors may use the Check Redemption Privilege , the Telephone / Expedited Redemption Privilege , Dreyfus ...
Page 364
... Redemption Authorization Form with any necessary signature guarantees before you can redeem by telephone or telegram . You can choose to have redemption proceeds sent by mail , wire , or by Tele - Connect TM to you , your bank , or any ...
... Redemption Authorization Form with any necessary signature guarantees before you can redeem by telephone or telegram . You can choose to have redemption proceeds sent by mail , wire , or by Tele - Connect TM to you , your bank , or any ...
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Common terms and phrases
American Bankers Association amount automated teller machine Availability Act availability of funds available for withdrawal bank's bill CARPER cash Chairman ST GERMAIN check clearing check kites check you deposit checks deposited checks drawn checks returned Committee CONOVER consumer credit union customer accounts day of deposit delayed availability delayed funds availability deposit account depositary bank deposited checks deposited items depository institution disclosure statement DOUGLAS Federal Home Loan Federal Reserve System financial institutions FSLA funds availability policies government checks hold policies Home Loan Bank insured interest issue item drawn items deposited legislation Loan Bank Board money market funds National Bank non-sufficient funds number of days payment payor bank place a hold policy statement provisional credit reasonable received redemption requests regulations require return process returned checks returned item Section Subarticle Subcommittee Subdivision teller TESE thrift institution transaction account uncollected funds Uniform Commercial Code Vincent Tese Washington WYLIE York
Popular passages
Page 339 - These securities have not been approved or disapproved by the Securities and Exchange Commission nor has the Commission passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary Is a criminal offense.
Page 76 - In determining the amount of award in any class action, the court shall consider, among other relevant factors, the amount of any actual damages awarded, the frequency and persistence of failures of compliance by the creditor, the resources of the creditor, the number of persons adversely affected, and the extent to which the creditor's failure of compliance was intentional.
Page 77 - Commission, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 79 - ... (4) Subject to any right of the bank to apply the credit to an obligation of the customer, credit given by a bank for an item in an account with its customer becomes available for withdrawal as of right (a) in any case where the bank has received a provisional settlement for the item,— when such settlement becomes final and the bank has had a reasonable time to learn that the settlement is final...
Page 76 - A creditor may not be held liable in any action brought under this section for a violation of this chapter if the creditor shows by a preponderance of evidence that the violation was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid any such error.
Page 383 - Act for a period not in excess of an additional banking day without discharge of secondary parties and without liability to its transferor or any prior party. (2) Delay by a collecting bank or payor bank beyond time limits prescribed or permitted by this...
Page 76 - ... in the case of a class action, such amount as the court may allow, except that as to each member of the class no minimum recovery shall be applicable, and the total recovery under this subparagraph in any class action or series of class actions...
Page 75 - Corporation and to savings and loan holding companies: (2) the term "regulated financial institution" means an insured bank as defined in Section 3 of the Federal Deposit Insurance Act or an insured institution as defined in Section 401 of the National Housing Act...
Page 371 - Edwin J. Gray Chairman Federal Home Loan Bank Board 1700 G Street, NW Washington, DC 20552 Dear Mr.
Page 75 - ... (5) A deposit of money in a bank is final when made but, subject to any right of the bank to apply the deposit to an obligation of the customer, the deposit becomes available for withdrawal as of right at the opening of the bank's next banking day following receipt of the deposit.