1. A bank shall not be required to maintain a reserve against deposits secured by any obligations of the United States, its agencies or any other obligations guaranteed by the United States Government or any of its agencies equal in par value to the amount of such deposits.
2. Such obligations shall be valid security for all loans and deposits.
(Added to NRS by 1971, 983)
Structure Nevada Revised Statutes
Chapter 662 - Powers and Miscellaneous Provisions
NRS 662.015 - General powers of banks; power of Commissioner to waive or modify requirements of law.
NRS 662.025 - Power to participate in Federal Deposit Insurance Corporation.
NRS 662.046 - Dealing in investment securities prohibited.
NRS 662.055 - Investments in public securities.
NRS 662.065 - Investments in private securities; limitation.
NRS 662.075 - Investments authorized as security for deposits of public money.
NRS 662.101 - Investments in loans to finance interests in cooperative housing corporations.
NRS 662.105 - Stock options and purchases for directors, officers and employees.
NRS 662.145 - Limits on amount of loans; exceptions.
NRS 662.186 - Operating cash: Minimum cash and demand balances; reserves.
NRS 662.225 - Checks payable in exchange.
NRS 662.231 - "Business of a trust company" and "trust company business" defined.
NRS 662.255 - Voluntary closure on Saturdays, Sundays and holidays; transaction of business.
NRS 662.265 - Emergency closure: Definitions.
NRS 662.275 - Emergency closure: Powers of Commissioner.
NRS 662.285 - Emergency closure: Powers of bank’s officers.
NRS 662.295 - Emergency closure: Notification of Commissioner or Comptroller of the Currency.