Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter III - Federal Deposit Insurance Corporation |
SubChapter B - Regulations and Statements of General Policy |
Part 390 - Regulations Transferred from the Office of Thrift Supervision |
Subpart Q - Definitions for Regulations Affecting All State Savings Associations |
§ 390.290 - Demand accounts.
Latest version.
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§ 390.290 Demand accounts.
The term demand accounts means non-interest-bearing demand deposits that are subject to check or to withdrawal or transfer on negotiable or transferable order to the State savings association and that are permitted to be issued by statute, regulation, or otherwise and are payable on demand.