Del. Code tit. 5 § 128

Current through 2024 Legislative Session Act Chapter 510

Section 128 - Federal Reserve System reserve requirements

The Commissioner, in determining, in the course of the Commissioner's examination, the amount of lawful money reserve required under this Code and any other law of this State to be maintained, at all times, by state banks and trust companies, shall not require those state banks and trust companies that hold reserves under federal statutes to maintain a greater reserve than that required by the Federal Reserve Act.

5 Del. C. § 128

30 Del. Laws, c. 111, § 9; Code 1935, § 2282; 5 Del. C. 1953, § 128; 62 Del. Laws, c. 246, §1; 70 Del. Laws, c. 186, § 1.;