Net demand deposits definition
Net demand deposits means the total of the bank's demand deposits after subtracting from the deposit balance due to any bank the deposit bal- ance due from the same bank (other than trust funds deposited by either bank) and any cash items in the process of collection due from or due to such banks shall be included in determining such net balance, except that balances of time deposits of any bank and any balances standing to the credit of private banks, of banks in foreign countries, of foreign branches of other Ameri- can banks, and of American branches of foreign banks shall be reported gross without any such subtraction, and excluding any deposits received in any of- fice of the bank for deposits in any other office of the bank. The amount of trust funds held in the bank's own trust department, which the bank keeps segregated and apart from its general assets and does not use in the conduct of its business, shall not be included as net deposits.
Net demand deposits means the total of the bank's demand deposits