12 CFR § 161.16 - Demand accounts.

---
identifier: "/us/cfr/t12/s161.16"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 161.16 - Demand accounts."
title_number: 12
title_name: "Banks and Banking"
section_number: "161.16"
section_name: "Demand accounts."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "161"
part_name: "DEFINITIONS FOR REGULATIONS AFFECTING ALL SAVINGS ASSOCIATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1462a, 1463, 1464, 1467a, 5412(b)(2)(B)."
regulatory_source: "76 FR 49043, Aug. 9, 2011, unless otherwise noted."
cfr_part: "161"
---


# 161.16 Demand accounts.

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.