Okla. Stat. tit. 6, § 6-801
This is the official text of Okla. Stat. tit. 6, § 6-801, part of Oklahoma’s Stat. tit. 6, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 6,." Browse the sections below, each linked to its official government source.
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Reserves
Official statutory text
A. Member banks of Federal Reserve System. Every state bank
that is a member of the Federal Reserve System shall maintain such
reserves against deposits as may be required by the Federal Reserve
Act, as amended, or by the Board of Governors of the Federal Reserve
System.
B. Banks not members of Federal Reserve System. Every bank
which is not a member of the Federal Reserve System shall maintain
such reserves against deposits as may be required by the Depository
Institutions Deregulation and Monetary Control Act of 1980, as
amended and as prescribed by the Board of Governors of the Federal
Reserve System.
C. Power of Board to change reserve requirement - State
nonmember banks. Whenever the Board shall determine that the
maintenance of sound banking practices or the prevention of
injurious credit expansion or contraction makes such action
advisable, the Board may change from time to time the requirements
as to reserves against demand or time deposits, or both, of banks
which are not members of the Federal Reserve System. Such change
shall not be operative or effective until reasonable notice thereof
has been given to all state banks which are not members of the
Federal Reserve System. Provided, that in no event shall the
reserve requirement be less than that required of a national bank.
that is a member of the Federal Reserve System shall maintain such
reserves against deposits as may be required by the Federal Reserve
Act, as amended, or by the Board of Governors of the Federal Reserve
System.
B. Banks not members of Federal Reserve System. Every bank
which is not a member of the Federal Reserve System shall maintain
such reserves against deposits as may be required by the Depository
Institutions Deregulation and Monetary Control Act of 1980, as
amended and as prescribed by the Board of Governors of the Federal
Reserve System.
C. Power of Board to change reserve requirement - State
nonmember banks. Whenever the Board shall determine that the
maintenance of sound banking practices or the prevention of
injurious credit expansion or contraction makes such action
advisable, the Board may change from time to time the requirements
as to reserves against demand or time deposits, or both, of banks
which are not members of the Federal Reserve System. Such change
shall not be operative or effective until reasonable notice thereof
has been given to all state banks which are not members of the
Federal Reserve System. Provided, that in no event shall the
reserve requirement be less than that required of a national bank.
Status: in_force · Read it on the official government site
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