Regulation D of DIDMCA 1980 did all of the following EXCEPT:
A) required all depository institutions to carry legal reserves
B) changed Fed accounting procedures for reserves on transactions balances from contemporaneous to lagged
C) eliminated incentives for member banks to leave the system
D) facilitated monetary control

Question

Quizplus · Accepted Answer

Regulation D under the Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980 did not change Federal Reserve accounting procedures for reserves on transaction balances from contemporaneous to lagged. This change was made separately by the Federal Reserve to improve the implementation of monetary policy, but it was not a direct effect of Regulation D. Regulation D primarily aimed to create a more uniform reserve requirement system across different types of depository institutions, among other things.

Regulation D of DIDMCA 1980 Did All of the Following