C.F.R. » Title 12 » CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION › SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY › PART 390—REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION › Subpart Q—Definitions for Regulations Affecting All State Savings Associations

12 C.F.R. § 390.313

Tax and loan account

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The term tax and loan account means an account, the balance of which is subject to the right of immediate withdrawal, established for receipt of payments of Federal taxes and certain United States obligations. Such accounts are not savings accounts or savings deposits.