Reporting of Reserves Against Deposits

Delaware Administrative Code

Section: 5-901

Jurisdiction: DE

Bluebook Citation: 5 DE Admin. Code 901

900 Regulations Governing Business of Banks and Trust Companies 901 Reporting of Reserves Against Deposits 5 Del.C. §907 Formerly Regulation No.: 5.907.0001 Effective Date: June 22, 1995 1.0 Institutions subject to §907 which are not members of the Federal Reserve System shall maintain reserves against deposits as required by Regulation D of the Federal Reserve Board and in so doing shall meet the requirement of 5 Del.C. §907. 2.0 Reserves being held against deposits under this section need not be reported to the Commissioner except upon request of the Commissioner.

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