4 N.C. Admin. Code 3C.1402
Current through Register Vol. 39, No. 9, November 1, 2024
Required reserves shall be computed on the basis of the daily average deposit balance during a 14-day period ending every second Monday (the "computation period"). The method for determining the amount of reserve required is set forth in Rule .1401 of this Section. The reserves that are required to be maintained shall be maintained during a corresponding 14-day period (the "maintenance period") that begins on the second Thursday following the end of a given computation period and ends on the second Wednesday thereafter. For non-business days, deposit figures of the prior banking day shall be used.
04 N.C. Admin. Code 03C .1402
Eff. February 1, 1976;
Amended Eff. October 1, 2014; July 1, 1990; August 6, 1981;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 3, 2017.
Eff. February 1, 1976;
Amended Eff. October 1, 2014; July 1, 1990; August 6, 1981.