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 Sec. 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 Sec. 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 Sec. 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.
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