§161.33. Note account.
12 C.F.R. § 161.33
The term note account means a note, subject to the right of immediate call, evidencing funds held by depositories electing the note option under applicable United States Treasury Department regulations. Note accounts are not savings accounts or savings deposits.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1462a, 1463, 1464, 1467a, 5412(b)(2)(B).
Source
Source: 76 FR 49043, Aug. 9, 2011, unless otherwise noted.