As per page 22 of the P&A, if the FDIC is invoking this clause, then it has to be a deposit. <a href="http://www.fdic.gov/about/freedom/Washington_Mutual_P_and_A.pdf" rel="nofollow" target="_blank">http://www.fdic.gov/about/freedom/Washington_Mutual_P_and_A.pdf</a> Article V (as in 9.5) Duties with Respect to Depositors of the Bank