New Jersey Administrative Code
Title 3 - BANKING
Chapter 11 - INVESTMENTS
Subchapter 7 - LIMITATION OF LIABILITY TO A BANK, SAVINGS BANK OR STATE ASSOCIATION
Section 3:11-7.2 - Definition of contingent reserves
Universal Citation: NJ Admin Code 3:11-7.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Contingent reserves of a bank is defined to include:
1.
Reserve for loan losses or bad debts;
2. Valuation reserves for
securities;
3. Reserve for
contingencies; and
4. Any other
capital accounts excluding specifically allocated reserves or reserves for
known specific charges.
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