12 CFR 161.33
§ 161.33 Note account.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 161.33, § 161.33 Note account, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43846
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.