ยง 167. Reserves against deposits. Every private banker shall maintain
total reserves against his deposits of the same amount and kind and on
hand or on deposit to the same extent as is at the time required by or
pursuant to the provisions of this chapter of a bank doing business in
the same place.
If any private banker shall fail to maintain the reserves required by
this section, he shall be liable for and shall pay any assessments
levied by the superintendent as provided in article two of this chapter.
Structure New York Laws
161 - Authorization Certificate.
162 - Permanent Capital; Increase or Decrease.
163 - Restrictions as to Place of Business.
165 - Segregation of Investments; Title to Be Taken in Descriptive Name.
166 - Depositors Preferred in Case of Failure or Suspension.
167 - Reserves Against Deposits.
168 - Restrictions on Acceptance of Deposits and Payment of Interest.
172 - Restrictions on Investments.
173 - Rate of Interest; Effect of Usury.
174 - Restrictions on Purchases Of, and Loans on Real Estate.
176 - Reports Required by Superintendent; Penalty for Failure to Make.
177 - Official Communications From Superintendent.
178 - Business of Deceased Private Banker; Continuation; Liquidation.