N.Y. BNK Law § 167
This is the official text of N.Y. BNK Law § 167, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Reserves against deposits
Official statutory text
§ 167. Reserves against deposits. Every private banker shall maintain\ntotal reserves against his deposits of the same amount and kind and on\nhand or on deposit to the same extent as is at the time required by or\npursuant to the provisions of this chapter of a bank doing business in\nthe same place.\n If any private banker shall fail to maintain the reserves required by\nthis section, he shall be liable for and shall pay any assessments\nlevied by the superintendent as provided in article two of this chapter.\n
Status: in_force · Read it on the official government site
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