New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 72 - Investments In Certificates Of Deposit Of Banking Corporations
Section 72.1 - Permissible investments
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 72.1
Current through Register Vol. 46, No. 12, March 20, 2024
Savings banks and savings and loan associations may invest in certificates of deposit of a banking institution described in section 235(12-a)(b) of the Banking Law which has total assets of less than $1 billion only if such certificates are issued by and payable in United States dollars at an office of such banking institution located within one of the states of the United States of America, and in certificates of deposit of a banking institution described in section 235(12-a)(b) of the Banking Law which has total assets of $1 billion or more only if such certificates are payable in United States dollars.
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