N.J. Admin. Code § 3:11-7.7

Current through Register Vol. 56, No. 17, September 3, 2024
Section 3:11-7.7 - Exclusion of time balances on deposits from 15 percent limitation

Time balances on deposit with an approved reserve depository, or in any other bank or national banking association located outside of New Jersey whose deposits equal or exceed three billion dollars and are insured by the Federal Deposit Insurance Corporation, may exceed 15 percent but not 25 percent of the capital funds of the bank.

N.J. Admin. Code § 3:11-7.7

Amended by R.1982 d.263, eff. 8/16/1982.
See: 14 New Jersey Register 608(b), 14 New Jersey Register 909(a).
Added out of state banks with deposits of $ 3B.