- Title 12, Chapter II, Sub Chapter A, Part 204 of the Code of Federal Regulations defines demand deposits as deposits that are payable on demand or with less than seven days notice.
- Regulation Q came into effect in 1933 as part of the Glass Steagall Act and prohibited banks from paying interest on demand deposit accounts. This was done to reduce competition for deposits among banks and stop the outflow of deposits to larger institutions that could offer a higher interest rate. Regulation Q was phased out completely by 1986.
- Demand deposits are a major part of the money supply in the U.S. and counted as part of M1 and M2, the two official money supply figures tabulated by the Federal Reserve. M1 totaled $1.7 trillion as of June 2010, with $460 billion of demand deposits in this total.
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