12 CFR § 161.33 - Note account.

---
identifier: "/us/cfr/t12/s161.33"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 161.33 - Note account."
title_number: 12
title_name: "Banks and Banking"
section_number: "161.33"
section_name: "Note account."
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"
---


# 161.33 Note account.

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.