N.Y. Comp. Codes R. & Regs. tit. 3 § 201.3

Current through Register Vol. 46, No. 53, December 31, 2024

Section 201.3 - Savings banks trust company

The Banking Board hereby suspends section 20.2(a)(1), (2) and (3)(i) (regulating the payment of interest on time deposits, other than savings deposits) of Part 20 of this Title insofar as it applies to Savings Banks Trust Company, provided that such suspension shall be effective only so long as Savings Banks Trust Company shall accept no deposits except:

(a) deposits of duly constituted mutual savings banks or arising out of the corporate business thereof; and

(b) deposits of public monies.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 201.3