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Code · CFR · Title 12 — Banks and Banking · Part 161 — Definitions for Regulations Affecting All Savings Associations · § 161.52

§ 161.52. Tax and loan account.

43 words·~1 min read·/us/cfr/t12/s§ 161.52·

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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.
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