Texas Finance Code - Section 92.202. Liquidity
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§ 92.202. LIQUIDITY. Unless approved in advance by the
commissioner, a savings bank shall maintain an amount equal to at
least 10 percent of its average daily deposits for the most recently
completed calendar quarter in:
(1) cash;
(2) balances in a federal reserve bank or passed
through a federal home loan bank or another depository institution
to a federal reserve bank under the Federal Reserve Act (12 U.S.C.
Section 221 et seq.); or
(3) other readily marketable investments, including
unencumbered federal government sponsored enterprises securities,
as allowed by rules adopted by the finance commission.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 2001, 77th Leg., ch. 867, § 44, eff. Sept. 1, 2001.
Section: 92.153 92.154 92.155 92.156 92.157 92.158 92.201 92.202 92.203 92.204 92.205 92.206 92.207 92.208 92.209
Last modified: August 10, 2007
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