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 63.6 - Investments by savings banks life insurance fund
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 63.6
Current through Register Vol. 46, No. 12, March 20, 2024
Savings banks life insurance fund may invest in the capital stock, capital notes and debentures of a savings banks trust company or service agency, provided the aggregate amount of its investments in such stock, notes and debentures, including the proposed investment, would not exceed the greater of two percent of its total assets or $20,000.
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