N.J. Admin. Code § 11:2-32.2
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Bank" means a State or Federally chartered bank, savings bank, or savings and loan association which has trust powers and which has its principal office in New Jersey.
"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.
"Custodian" means a bank which performs fiduciary functions in the maintenance of deposits.
"Deposit" means those deposits of securities required to be made by insurance companies prior to their authorization to transact business within any jurisdiction or required to be made by any other entity prior to being authorized by the Commissioner to transact business in this State.
"Federal Reserve book-entry system" means the computerized system sponsored by the United States Department of the Treasury and certain agencies and instrumentalities of the United States for holding and transferring securities of the United States government and the agencies and instrumentalities, respectively, in Federal Reserve Banks through banks which are members of the Federal Reserve System or which otherwise have access to this computerized system.
N.J. Admin. Code § 11:2-32.2
See: 32 N.J.R. 3530(a), 33 N.J.R. 85(a).