Section .0600 ‑ Liquidity And Net Worth

Link to law: http://reports.oah.state.nc.us/ncac/title 04 - commerce/chapter 16 - savings institutions division, savings institutions commission/subchapter e/04 ncac 16e .0601.html
Published: 2015

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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.