Title 12 Banks and Banking Parts 600 to 899 (Revised as of January 1, 2014)

Title 12 Banks and Banking Parts 600 to 899 (Revised as of January 1, 2014)
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1067
By:"Office of The Federal Register, Enhanced by IntraWEB, LLC"
"Law"
Published on 2014-01-01 by IntraWEB, LLC

When the ''days in term'' is \u003cb\u003e365\u003c/b\u003e (that is, where the stated maturity is \u003cb\u003e365\u003c/b\u003e days or \u003cbr\u003e\nwhere the account does not have a stated maturity), the APY can be calculated \u003cbr\u003e\nby use of the following simple formula: APY=100 (Dividends/Principal). Examples\u003cbr\u003e\n: ...

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The Code of Federal Regulations Title 12 contains the codified Federal laws and regulations that are in effect as of the date of the publication pertaining to banks, banking, credit unions, farm credit, mortgages, consumer financial protection and other related financial matters.

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