N.Y. Comp. Codes R. & Regs. tit. 3 § 16.1

Current through Register Vol. 46, No. 36, September 4, 2024

Section 16.1 - Definitions

For the purposes of this Part:

(a) stock-form thrift institutions shall include both stock-form savings banks and stock-form savings and loan associations organized under New York law;

(b) mutual thrift institutions shall include both mutual savings banks and mutual savings and loan associations organized under New York law;

(c) commercial banks shall include both banks and trust companies organized under New York law;

(d) Federal thrift institutions shall include both federally chartered savings banks and federally chartered savings and loan associations, whether in mutual or stock form; and

(e) investment companies shall have the same meaning as in subdivision 10 of section 2 of the Banking Law.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 16.1