On April 1 the Federal Deposit Insurance Corp. will start automatically amending its rules on corporate demand deposits anytime the Federal Reserve Board changes its definition of interest on them. A Feb. 20 news brief on page 2 may have left the inaccurate impression that the Fed was planning to repeal the ban on interest-bearing corporate checking.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.