N.J. Admin. Code § 3:11-7.2

Current through Register Vol. 57, No. 1, January 6, 2025

Section 3:11-7.2 - Definition of contingent reserves

(a) Contingent reserves of a bank is defined to include:

1. Reserve for loan losses or bad debts;

2. Valuation reserves for securities;

3. Reserve for contingencies; and

4. Any other capital accounts excluding specifically allocated reserves or reserves for known specific charges.

N.J. Admin. Code § 3:11-7.2

Amended by R.1983 d.133, effective 5/2/1983.
See: 15 New Jersey Register 192(a), 15 New Jersey Register 688(a).
In (a)1, deleted "less amount of tax payable to the tax free portion of the reserve".