Statutes, codes, and regulations
North Dakota Administrative Code
Title 13 - Department of Financial InstitutionsArticle 13-02 - Banking and Savings and Loan Associations
Chapter 13-02-02 - Bank Reserves
Section 13-02-02-01 - Bank reserves

N.D. Admin. Code 13-02-02-01

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Current through Supplement No. 394, October, 2024
Section 13-02-02-01 - Bank reserves

Each banking association shall have on hand at all times in available funds a percentage of its deposits which shall equal the amount of reserves required of it by the board of governors of the federal reserve system.

N.D. Admin Code 13-02-02-01

Amended effective April 1, 1981.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-03-37