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Code · CFR · Title 12 — Banks and Banking · Part 161 — Definitions for Regulations Affecting All Savings Associations · § 161.33

§ 161.33. Note account.

39 words·~1 min read·/us/cfr/t12/s§ 161.33·

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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.
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