S.C. Code § 34-9-130

Current through 2024 Act No. 225.

Section 34-9-130 - Reserve requirements of state banks

Every state bank which is not a member of the Federal Reserve System shall maintain the same reserves against deposits as required for a state bank which is a member of the Federal Reserve System. These reserves must be maintained in the same kind of assets as required for member banks.

S.C. Code § 34-9-130

1991 Act No. 125, Section 1, eff 6/4/1991; 1980 Act No. 456; 1953 (48) 357; 1936 (39) 1484; 1933 (38) 296; 1923 (33) 159; 1909 (26) 81; Civ. C. '12 Section 2655; Civ. C. '22 Section 3993; 1932 Code Section 7863; 1942 Code Section 7844; 1952 Code Section 8-154; 1962 Code Section 8-154.