Savings accounts are regulated by the [[Federal Reserve]]. For example, Regulation D governs limits on the number of withdrawals that can be done from a savings account during a single billing cycle, and Regulation DD (also known as the Truth in Savings Act) requires that banking institutions fully disclose the operating provisions of a savings account to a customer. | Savings accounts are regulated by the [[Federal Reserve]]. For example, Regulation D governs limits on the number of withdrawals that can be done from a savings account during a single billing cycle, and Regulation DD (also known as the Truth in Savings Act) requires that banking institutions fully disclose the operating provisions of a savings account to a customer. |