A compliance on the part of a bank with the reserve requirements of the Federal Reserve Act shall be held to be a full compliance with those laws of this state that require banks to maintain reserves, and the bank shall not be required to carry or maintain reserves other than those required under the terms of the Federal Reserve Act.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 2 - Banking Institutions
Part 5 - Membership in Federal Reserve Banks
§ 45-2-502. Power to Subscribe to Stock
§ 45-2-503. Powers of Federal Reserve Bank Membership
§ 45-2-504. Reserves of Federal Reserve Act Sufficient
§ 45-2-505. Supervision and Examinations — Disclosures to Federal Reserve Board