Tenn. Code Ann. § 45-2-709
This is the official text of Tenn. Code Ann. § 45-2-709, part of Tennessee’s Code Ann — part of the compiled statutory law of Tennessee, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Reserve against deposits
Official statutory text
A state bank shall maintain a reserve against deposits in the form and manner that the commissioner prescribes by regulation. In promulgating regulations hereunder, the commissioner shall consider the reserve requirements of the federal Monetary Control Act of 1980, 94 Stat. 132, and the liquidity needs of state banks. Acts 1969, ch. 36, § 1 (3.249); 1973, ch. 294, § 6; T.C.A., § 45-427; Acts 1981, ch. 226, § 1.
A state bank shall maintain a reserve against deposits in the form and manner that the commissioner prescribes by regulation. In promulgating regulations hereunder, the commissioner shall consider the reserve requirements of the federal Monetary Control Act of 1980, 94 Stat. 132, and the liquidity needs of state banks.
Acts 1969, ch. 36, § 1 (3.249); 1973, ch. 294, § 6; T.C.A., § 45-427; Acts 1981, ch. 226, § 1.
A state bank shall maintain a reserve against deposits in the form and manner that the commissioner prescribes by regulation. In promulgating regulations hereunder, the commissioner shall consider the reserve requirements of the federal Monetary Control Act of 1980, 94 Stat. 132, and the liquidity needs of state banks.
Acts 1969, ch. 36, § 1 (3.249); 1973, ch. 294, § 6; T.C.A., § 45-427; Acts 1981, ch. 226, § 1.
Status: in_force
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