![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 12 - Banks and Banking |
![]() |
Chapter V - Office of Thrift Supervision, Department of the Treasury |
![]() |
Part 561 - Definitions for Regulations Affecting All Savings Associations |
§ 561.52 - Tax and loan account.
Latest version.
-
§ 561.52 Tax and loan account.
The term tax and loan account means an account, the balance of which is subject to the right of immediate withdrawal, established for receipt of payments of Federal taxes and certain United States obligations. Such accounts are not savings accounts or savings deposits.