New Jersey Administrative Code
Title 3 - BANKING
Chapter 8 - RESERVES AND RESERVE DEPOSITARIES
Subchapter 1 - APPROVAL OF RESERVE DEPOSITARIES
Section 3:8-1.1 - Reserve depositaries approved for nonmember banks of Federal Reserve System
Universal Citation: NJ Admin Code 3:8-1.1
Current through Register Vol. 56, No. 6, March 18, 2024
(a) The following are reserve depositaries approved for banks not members of the Federal Reserve System:
1. Banks and national banking associations with offices in New Jersey that have total assets in excess of $ 100 million; and
2. Banks and national banking associations with no offices in New Jersey, but with offices within the second and third Federal Reserve Districts, and that have total assets in excess of $ 300 million.
(b) For the purposes of this section, "banks" as used in (a)1 and 2 above excludes savings banks.
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