Title 3 Banking - Chapter I General Regulations of the Superintendent - Part 93 Borrowings by Savings Banks - s 93.1 Borrowings for purposes other than repaying depositors.


Published: 2021-01-31

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A savings bank may borrow money for purposes other than repaying depositors, and pledge or hypothecate its assets as collateral for any such loans, in an amount not exceeding 50 percent of its assets.