12 CFR 161.16

§ 161.16 Demand accounts.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 161.16, § 161.16 Demand accounts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43841
Permanent ID: ys:prov:43841@1
SHA-256: f20c81addf4b9d3795ffed83b8a0dd3b64d870b3c47d6e3b891bb7f9fc44eabc

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

The term demand accounts means non-interest-bearing demand deposits that are subject to check or to withdrawal or transfer on negotiable or transferable order to the savings association and that are permitted to be issued by statute, regulation, or otherwise and are payable on demand.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.