For a savings account that compounds quarterly but has Reg E activity, can I send the customer a 30 day statement called "Regulation E Statement" that does not include the Reg DD required information (rate, interest, fees..)as long as on my quarterly statement I do include all the required information? Simply based on the definition of 'periodic statement' in Reg DD, I think a 30 day statement meets the definition and should include all the info, but our new software people are telling us that most banks do it this way to avoid using the special formula listed in Appendix A. Thanks in advance for your thoughts.

OSC Section 230.6 Periodic statement disclosures
(a) General rule

2. Regulation E interim statements. When an institution provides regular quarterly statements, and in addition provides a monthly interim statement to comply with Regulation E, the interim statement need not comply with this section unless it states interest or rate information. (See 12 CFR Sec. 205.9(b).)

I looked all afternoon for something stating that. Thank you so much!