SECTION .0600 ‑ LIQUIDITY AND NET WORTH
04 NCAC 16E .0601 LIQUIDITY
A savings bank shall maintain cash and readily marketable
investments of not less than ten percent of its assets. The term
"cash" shall include unpledged demand accounts in other federally
insured depository institutions, a Federal Home Loan or Federal Reserve Bank,
or the Bank for Savings and Loan Associations.
History Note: Filed as a Temporary Adoption Eff.
October 2, 1991 for a period of 180 days to expire on
March 31, 1992;
Statutory Authority G.S. 54C‑53; 54C‑162;
Eff. February 15, 1992.