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TCH Responds to FRB’s Request for Comment Related to the Repeal of Reg Q

The Clearing House Association submitted a joint letter with the ABA to the Fed to suggest that (i) Federal Reserve opinions and other interpretative Regulation Q materials be maintained for a period of 18 months or more after repeal of Regulation Q and the (ii) Federal Reserve and FDIC host roundtables with the industry to work through certain regulatory details related to the repeal of Regulation Q prior to July 21, 2011.