217.2—Definitions.
For purposes of this part, the following definitions apply unless otherwise specified;
(a)
Demand deposit means any deposit that is considered to be a demand deposit under § 204.2(b) of the Board's Regulation D—Reserve Requirements of Depository Institutions ( 12 CFR part 204 ).
(b)
Deposit means any liability of a member bank that is considered to be a deposit under § 204.2(a) of the Board's Regulation D—Reserve Requirements of Depository Institutions ( 12 CFR part 204 ).
(c)
Foreign bank means any bank that is considered to be a foreign bank under § 204.2(o) of the Board's Regulation D—Reserve Requirements of Depository Institutions ( 12 CFR part 204 ).
(d)
Interest means any payment to or for the account of any depositor as 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 from charging a fee in connection with such a service is not considered a payment of interest.