(a) The amount and form of reserve requirements for Connecticut banks and Connecticut credit unions shall be those provided in 12 USC Section 461 et seq., as from time to time amended, and any regulations issued thereunder.
(b) Notwithstanding subsection (a) of this section, whenever, in the opinion of the commissioner, the protection of depositors of any or all Connecticut banks or Connecticut credit unions, or both, requires, the commissioner may order such banks and credit unions to maintain such reserves in an amount and in such form as the commissioner deems appropriate.
(P.A. 81-128, S. 10; P.A. 94-122, S. 60, 340.)
History: P.A. 94-122 made technical changes re reserve requirements, effective January 1, 1995; Sec. 36-29g transferred to Sec. 36a-120 in 1995.
Structure Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 664b - Corporate Organization and Administration of Connecticut Banks
Section 36a-71. (Formerly Sec. 36-54). - Franchise not transferable; forfeiture.
Section 36a-72. (Formerly Sec. 36-61). - General statutes to prevail.
Section 36a-73. - Applicability of title 33.
Section 36a-80. (Formerly Sec. 36-62). - Bylaws. Amendment to certificate of incorporation.
Section 36a-81. (Formerly Sec. 36-64). - Relocation of main office.
Section 36a-82. (Formerly Sec. 36-87). - Change of name.
Section 36a-83. (Formerly Sec. 36-90). - Examination by shareholders.
Section 36a-84. (Formerly Sec. 36-117a). - Amendment of charter of mutual savings banks.
Section 36a-85. (Formerly Sec. 36-175). - Savings and loans' depositors' votes.
Section 36a-95. (Formerly Sec. 36-9c). - Interlocking directors.
Section 36a-96. (Formerly Sec. 36-9e). - Bonds of officers and employees.
Section 36a-99. (Formerly Sec. 36-121). - Removal of corporator of a mutual savings bank.
Section 36a-100. (Formerly Sec. 36-126b). - Benefits for officers and employees.
Section 36a-101. - Oath or affirmation by directors.
Section 36a-102. - Identification of directors and officers.
Section 36a-105. (Formerly Sec. 36-88). - Authorization and issuance of additional shares.
Section 36a-106. (Formerly Sec. 36-89b). - Preferred shares. Capital notes and debentures.
Section 36a-107. - Reduction of capital stock and change in par value.
Section 36a-108. (Formerly Sec. 36-89a). - Preemptive rights of holders of capital stock.
Section 36a-109. - Rights or options to purchase shares.
Section 36a-111. - Acquisition and disposal of own stock.
Section 36a-112. (Formerly Sec. 36-91). - Voting restrictions.