Are transfers to a repurchase agreement account from an interest-bearing account subject to the Reg D limitations?

Thank you in advance!

Funds shouldn't be transferred from an interest bearing account into a repurchase agreement for that very reason. Most repos are set up as a daily sweep. The repo isn't subject to Reg. D because it's not insured by the FDIC - it is a security instrument.

Forgive me for my ignorance, but please explain why the repo isn't subject to Reg D because it's not insured by the FDIC.

If the transfer is coming from an interest bearing account and that account is either a savings or MMDA account, the transfer limitation will apply to the account. If you are talking about a NOW account - there are no transfer limitations.

Repurchase agreements are not governed under Reg D, as they are a non-traditional banking product and therefor, there are no transfer limitations on repos. It is really an investment product.

Thanks for the explanation.

It isn't that they aren't insured. It's that they are not deposits.

We are looking at the possibility of offering a repurchase agreement with nightly sweeps for a corporate customer. I am looking for a sample repurchase agreement and daily notices. Would someone be interested in sharing a copy of what they use or direct me to a web address that would have a sample? Thank you!!