12 CFR § 390.300 - Note account.

---
identifier: "/us/cfr/t12/s390.300"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 390.300 - Note account."
title_number: 12
title_name: "Banks and Banking"
section_number: "390.300"
section_name: "Note account."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "390"
part_name: "REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION"
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. 1819."
regulatory_source: "76 FR 47655, Aug. 5, 2011, unless otherwise noted."
cfr_part: "390"
---


# 390.300 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.