(NAR) VOL. 5 NO. 2/APRIL-JUNE 1994
"Interest on Demand Deposits. Demand deposits shall not be subject to any interest rate ceiling."
"This represents deposits subject to withdrawal by check which are otherwise known as current or checking accounts. The following sub-control accounts shall be maintained:xxx xxx xxx
"This represents the estimated liability for interest incurred/due but not yet paid on demand, savings and time deposits and on domestic borrowings, which shall be set up monthly against current operations."
"This represents interest earned and credited to the bank's demand and savings deposits and interest earned and actually collected on time deposits in other banks. The following sub-control accounts shall be maintained:
"Interest — Deposits in Local Banks
"This represents interest earned and credited to the bank's demand and savings deposits and interest earned and actually collected on time deposits in local bank.
xxx xxx xxx
"This represents payment and/or monthly accruals of interest on demand deposits."