Skip to content
BOL Conferences

Thread Options
#659694 - 01/02/07 04:23 PM 3 Day Rule
Imagine Offline
Power Poster
Imagine
Joined: Oct 2006
Posts: 7,624
As we're discussing this over on the Cooler forum, can anyone here cite the "3 Day Rule" that requires banks to not be closed for 3 days, in the example of why are we working on a national day of mourning?

Return to Top
Operations Compliance
#659706 - 01/02/07 04:26 PM Re: 3 Day Rule Imagine
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,652
Galveston, TX
There is no such rule. The OCC even announced today that if the governor of the State in which the National Bank operates has declared it a legal State holiday, the National Bank is allowed to close.

PROCLAMATION
Pursuant to 12 U.S.C. 95(b)(1), national banking associations are authorized, at their discretion, to close offices on Tuesday, January 2, 2007, in any State in which the governor or other authorized State official has declared a legal holiday in recognition of the National Day of Mourning for President Gerald Ford.
Dated this twenty-ninth day of December, 2006.
Last edited by rlcarey; 01/02/07 04:28 PM.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#659716 - 01/02/07 04:37 PM Re: 3 Day Rule rlcarey
Imagine Offline
Power Poster
Imagine
Joined: Oct 2006
Posts: 7,624
ricarey...my bank is regulated by the FDIC. Do you know if they issued an edict allowing banks to close today in observance of the day of mourning?

Return to Top
#659722 - 01/02/07 04:43 PM Re: 3 Day Rule Imagine
#Just Jay Offline
10K Club
#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
Frank, stop worrying, get back to work already!
_________________________
I don't repeat gossip, so listen closely...

Return to Top
#659735 - 01/02/07 04:53 PM Re: 3 Day Rule #Just Jay
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,652
Galveston, TX
Since you are regulated by the FDIC - you are a State bank and your State would make that decision.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#659743 - 01/02/07 05:00 PM Re: 3 Day Rule #Just Jay
Imagine Offline
Power Poster
Imagine
Joined: Oct 2006
Posts: 7,624
Originally Posted By: bbsgrant
Frank, stop worrying, get back to work already!


bbs...you again...eh?

Return to Top
#659767 - 01/02/07 05:20 PM Re: 3 Day Rule Imagine
#Just Jay Offline
10K Club
#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
It's nice to actually see you post in one of the "real" forums....wasn't sure if you knew they existed!?!
_________________________
I don't repeat gossip, so listen closely...

Return to Top
#659776 - 01/02/07 05:26 PM Re: 3 Day Rule #Just Jay
Imagine Offline
Power Poster
Imagine
Joined: Oct 2006
Posts: 7,624
bbs...I've been known to post in the CRA forum too...
but bbs...if you want to hire me and fly me out to Wisconsin to work for you...feel free...

Return to Top
#659782 - 01/02/07 05:34 PM Re: 3 Day Rule Imagine
#Just Jay Offline
10K Club
#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
Would love to if I had the corparate credit card back again....creating an IRS/Information Return audit from scratch, just in time for their creation...can use all the help I can get and resources I can get my hands on, figuretivly speaking of course!
_________________________
I don't repeat gossip, so listen closely...

Return to Top

Moderator:  Andy_Z, John Burnett