12 C.F.R. § 217.2 Definitions.
Title 12 - Banks and Banking
For purposes of this part, the following definitions apply unless otherwise specified; (a) Demand deposit means any deposit that is considered to be a demand deposit under §204.2(b) of the Board's Regulation D—Reserve Requirements of Depository Institutions (12 CFR part 204). (b) Deposit means any liability of a member bank that is considered to be a deposit under §204.2(a) of the Board's Regulation D—Reserve Requirements of Depository Institutions (12 CFR part 204). (c) Foreign bank means any bank that is considered to be a foreign bank under §204.2(o) of the Board's Regulation D—Reserve Requirements of Depository Institutions (12 CFR part 204). (d) Interest means any payment to or for the account of any depositor as compensation for the use of funds constituting a deposit. A member bank's absorption of expenses incident to providing a normal banking function or its forbearance from charging a fee in connection with such a service is not considered a payment of interest. [Reg. Q, 51 FR 9637, Mar. 20, 1986]
Title 12: Banks and Banking
PART 217—PROHIBITION AGAINST THE PAYMENT OF INTEREST ON DEMAND DEPOSITS (REGULATION Q)
Regulations
§ 217.2 Definitions.
