 | Administrative law - 1939 - 1520 pages
...directly or indirectly, by any device whatsoever, pay any interest on any demand deposit. Within this part any payment to or for the account of any depositor...constituting a deposit shall be considered interest.' (b) Exceptions. The prohibition stated in paragraph (a) of this section (toes not apply tp: (1) Payment... | |
 | United States Congress. House. Banking and Currency Committee - 1944 - 770 pages
...amended by inserting after the first sentence the following: "Within this regulation, any payment t( or for the account of any depositor as compensation for the use of funds const! tuting a deposit shall be considered interest." The effect of these amendments is to declare... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1944 - 356 pages
...regulation Q were amended to provide that, for the purposes of both regulations, "interest" should mean "any payment to or for the account of any depositor...compensation for the use of funds constituting a deposit." The regulations of both agencies thereupon became uniform in this respect. At the same time the Board... | |
 | Administrative law - 1971 - 592 pages
...Board's Regulation Q, relating to the payment of interest on deposite, provides that, for purposes of the regulation, "any payment to or for the account of...constituting a deposit shall be considered interest." In applying this provision on and after March 1, 1970, the Board of Governors will regard premiums... | |
 | Administrative law - 1979 - 1240 pages
...device whatsoever, pay any interest on any demand deposit. (b) Meaning of interest. Within this part, any payment to or for the account of any depositor...constituting a deposit shall be considered interest. [Reg. Q, 31 FR 16311, Dec. 21, 1966] §217.3 Interest on time and savings deposits. (a) Maximum rate.... | |
 | Administrative law - 1996 - 474 pages
...Regulation D— Reserve Requirements of Depository Institutions (12 CFR part 204). (d) Interest means any payment to or for the account of any depositor...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... | |
 | Administrative law - 1999 - 428 pages
...Regulation D— Reserve Requirements of Depository Institutions (12 CFR part 204). (d) Interest means any payment to or for the account of any depositor...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... | |
 | Administrative law - 1980 - 1458 pages
...provides that, for purposes of the regulation, “any payment to or for the account of any dcpositor as compensation for the use of funds constituting a deposit shall be considered interest.” In applying this provision on and after March 1, 1970, the Board of Governors will regard premiums... | |
 | Administrative law - 1970 - 536 pages
...require such notice shall not cause the deposit to cease to be a savings deposit. § 329.2 § 329.3 for the use of funds constituting a deposit shall be considered interest." (b) Exceptions. The prohibition stated in paragraph (a) of this section does not apply to: (1) Payment... | |
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Within this part any payment to or for the account of any depositor as compensation for the use of funds constituting a deposit shall be considered interest.* (b) Exceptions. 
