Colo. Rev. Stat. § 11-105-301

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 11-105-301 - Reserves against deposits

State banks that are subject to reserve provisions of the "Federal Reserve Act" shall maintain such reserves against deposits as may be required by the "Federal Reserve Act", but, in addition thereto, the banking board may by rule impose reserve requirements that it deems prudent and sound on said banks or on state banks not subject to reserve provisions of the "Federal Reserve Act".

C.R.S. § 11-105-301

L. 2003: Entire article added with relocations, p. 1120, § 3, effective July 1.

This section is similar to former § 11-7-101 as it existed prior to 2003.

For the "Federal Reserve Act", see 12 U.S.C. § 221 et seq.