Statement on S. Con. Res. 5, Requesting the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank Board to Reduce the Adverse Impact of Regulation Q on Depositors and Account Holders With Small Deposits and Accounts, S. Res. 59, Relating to the Minimum Denomination of Savings Certificates Which Bear Interest at a Rate Indexed to Government Securities Interest Rates, Presented to Subcommittee on Financial Institutions of the Committee on Banking, Housing and Urban Affairs, United States Senate

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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102