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900 Regulations Governing Business of Banks and Trust Companies

 

901 Reporting of Reserves Against Deposits

5 Del.C. §907

 

Formerly Regulation No.: 5.907.0001

Effective Date: June 22, 1995

 

1.0 Institutions subject to §907 which are not members of the Federal Reserve System shall maintain reserves against deposits as required by Regulation D of the Federal Reserve Board and in so doing shall meet the requirement of 5 Del.C. §907.

 

2.0 Reserves being held against deposits under this section need not be reported to the Commissioner except upon request of the Commissioner.