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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter IX - Federal Housing Finance Board |
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SubChapter L - NON-BANK SYSTEM ENTITIES |
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Part 996 - AUTHORITY FOR BANK ASSISTANCE OF THE RESOLUTION FUNDING CORPORATION |
§ 996.3 - Demand deposit accounts.
Latest version.
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Each Bank shall allow any Savings Association Insurance Fund member whose principal place of business is in its district to establish and maintain at least one demand deposit account for the purpose of facilitating the Resolution Funding Corporation's assessments pursuant to section 21B(e)(7) of the Act (12 U.S.C. 1441b(e)(7)).