Arizona Revised Statutes § 6-271 Reserves Against Deposits; Rule; Limitations

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.

Section: Previous  6-237  6-241  6-242  6-243  6-244  6-245  6-246  6-271  6-272  6-273  6-275  6-321  6-322  6-324  6-325  Next

Last modified: October 13, 2016