State Codes and Statutes

Statutes > Arizona > Title6 > 6-271

6-271. Reserves against deposits; rule; limitations

Banks which are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the superintendent, not to exceed fourteen per cent of demand deposits or seven per cent of time and savings deposits.

State Codes and Statutes

Statutes > Arizona > Title6 > 6-271

6-271. Reserves against deposits; rule; limitations

Banks which are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the superintendent, not to exceed fourteen per cent of demand deposits or seven per cent of time and savings deposits.


State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title6 > 6-271

6-271. Reserves against deposits; rule; limitations

Banks which are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the superintendent, not to exceed fourteen per cent of demand deposits or seven per cent of time and savings deposits.