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Regulation Q
Sec. 217.2 Definitions. |
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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 Sec. 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 Sec. 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 Sec. 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.
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