Section 16561 Of Article 4. Contracts From California Government Code >> Division 4. >> Title 2. >> Part 2. >> Chapter 4. >> Article 4.
16561
. In order to obtain as high rates of interest as possible,
the contracts may contain any conditions necessary to conform with
Section 19 of the Federal Reserve Act, as amended, and with
regulations established pursuant thereto by the Board of Governors of
the Federal Reserve System, and demand deposits shall be subject to
withdrawal at any time upon demand of the Treasurer.