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Connecticut General Statutes Title 36A. The Banking Law of Connecticut § 36a-120. Reserves for Connecticut banks and Connecticut credit unions

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(a) The amount and form of reserve requirements for Connecticut banks and Connecticut credit unions shall be those provided in 12 USC Section 461 et seq., as from time to time amended,  1 and any regulations issued thereunder.

(b) Notwithstanding subsection (a) of this section, whenever, in the opinion of the commissioner, the protection of depositors of any or all Connecticut banks or Connecticut credit unions, or both, requires, the commissioner may order such banks and credit unions to maintain such reserves in an amount and in such form as the commissioner deems appropriate.

1  12 U.S.C.A. § 461 et seq.

Cite this article: FindLaw.com - Connecticut General Statutes Title 36A. The Banking Law of Connecticut § 36a-120. Reserves for Connecticut banks and Connecticut credit unions - last updated June 28, 2021 | https://codes.findlaw.com/ct/title-36a-the-banking-law-of-connecticut/ct-gen-st-sect-36a-120/


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