New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 63 - Investments In Savings Banks Trust Company And Other Savings Banks Service Agencies
Section 63.3 - Investments in the capital stock of a service agency
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 63.3
Current through Register Vol. 46, No. 12, March 20, 2024
No savings bank shall invest in the capital stock of a service agency if the aggregate amount of its investments in such stock, including the proposed investment, would exceed three tenths of one percent of the total assets of such savings bank as of the date of such investment.
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