New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter II - Special Regulations Of The Banking Board
Part 201 - Exceptions From Part 20 (payment Of Interest On Commercial Bank Deposits)
Section 201.3 - Savings banks trust company
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 201.3
Current through Register Vol. 46, No. 12, March 20, 2024
The Banking Board hereby suspends section 20.2(a)(1), (2) and (3)(i) (regulating the payment of interest on time deposits, other than savings deposits) of Part 20 of this Title insofar as it applies to Savings Banks Trust Company, provided that such suspension shall be effective only so long as Savings Banks Trust Company shall accept no deposits except:
(a) deposits of duly constituted mutual savings banks or arising out of the corporate business thereof; and
(b) deposits of public monies.
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