New Jersey Administrative Code
Title 3 - BANKING
Chapter 11 - INVESTMENTS
Subchapter 7 - LIMITATION OF LIABILITY TO A BANK, SAVINGS BANK OR STATE ASSOCIATION
Section 3:11-7.7 - Exclusion of time balances on deposits from 15 percent limitation

Universal Citation: NJ Admin Code 3:11-7.7
Current through Register Vol. 56, No. 18, September 16, 2024

Time balances on deposit with an approved reserve depository, or in any other bank or national banking association located outside of New Jersey whose deposits equal or exceed three billion dollars and are insured by the Federal Deposit Insurance Corporation, may exceed 15 percent but not 25 percent of the capital funds of the bank.

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