I 112th CONGRESS 1st Session H. R. 2251 IN THE HOUSE OF REPRESENTATIVES June 21, 2011 Mr. Neugebauer introduced the following bill; which was referred to the Committee on Financial Services A BILL To direct the Board of Governors of the Federal Reserve System to amend Regulation D to increase the transaction limits on passbook savings, statement savings, and money market deposit accounts.

1.

Increase of transaction limits

The Board of Governors of the Federal Reserve System shall amend part 204 of title 12, Code of Federal Regulations (commonly known as Regulation D), to include in the term savings deposit a passbook savings account, statement savings account or a money market deposit account that otherwise meets the requirements of section 204.2(d)(1) of such title and from which, under the terms of the deposit contract or by practice of the depository institution, the depositor is permitted or authorized to make no more than thirty transfers and withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle or similar period of at least four weeks, to another account (including a transaction account) of the depositor at the same institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties.