Savings banks shall maintain cash and readily marketable investments in an amount that may be established in the rules and regulations of the commissioner, but such amount shall not be less than ten percent (10%) of the assets of the savings bank. Upon receipt of a duly certified copy of a resolution by the board of directors of any savings bank requesting a temporary suspension, the commissioner may suspend the liquidity requirement for a period not longer than six (6) months.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
§ 81-14-351. Generally accepted accounting principles
§ 81-14-355. Net worth maintenance requirement
§ 81-14-361. Accounts of administrators, executors, guardians, trustees and other fiduciaries
§ 81-14-363. Accounts payable at death
§ 81-14-365. Collection of processing fee for returned checks
§ 81-14-371. Deposit accounts as deposit of securities
§ 81-14-373. New account books
§ 81-14-375. Transfer of deposit accounts
§ 81-14-377. Authority of power of attorney
§ 81-14-379. Adverse claims to accounts
§ 81-14-381. Accounts of deceased nonresidents
§ 81-14-383. Payments to successors without administration