(1) One million dollars, if located in a borough in this state which
has a population of one million five hundred thousand or over;
(2) Seven hundred and fifty thousand dollars, if located in a borough
in this state which has a population of one million or over and less
than one million five hundred thousand or in a city in this state not
divided into boroughs which has a population of four hundred thousand or
over;
(3) Five hundred thousand dollars, if located elsewhere in this state;
(4) Two million dollars, if located outside this state.
No bank, trust company, private banker or national bank located in a
borough having a population of one million five hundred thousand or over
which does not have a combined capital and surplus of at least two
million dollars, may be a depositary for such reserves unless it shall
have a combined capital and surplus greater than the combined capital
and surplus of the bank, trust company, industrial bank, foreign banking
corporation authorized to maintain a branch or branches in this state or
private banker depositing such reserves.
Structure New York Laws
14 - Additional Powers of the Superintendent.
14-A - Rate of Interest; Superintendent of Financial Services to Adopt Regulations.
18 - Fees for Copies and Certifications.
18-B - Holocaust Reparations Payment Fees.
19 - Assessments for Deficiency in Reserves Against Deposits.
20 - Assessments, Penalties and Forfeitures Entitled to Priority.
21 - Collection of Assessments, Penalties and Forfeitures; Proceedings by Attorney General.
23 - Acceptance or Rejection of Certificate; Investigation Fees.
24 - Investigation by Superintendent; Refusal or Approval; Filing Certificate.
25 - Authorization Certificate; When and to Whom Issued; Contents; Filing and Recording.
26 - Licenses to Foreign Banking Corporations; Renewal.
27 - Exchange and Examination of Securities.
28-A - Temporary Change of Location; Approval or Refusal; Certificate.
28-B - Credit Needs of Local Communities.
28-BB - Credit Needs of Local Communities; Mortgage Bankers.
28-C - Branch Office Closings; Report to and Action by the Superintendent.
30 - Unclaimed Amounts; Deposit by Superintendent in Trust; Preference; Release of Debtor.
32 - Insurance of Deposits and Share Accounts.
34 - Superintendent as Attorney to Accept Service of Process.
36 - Examinations; Right of Inspection; Penalties for Refusing to Permit Examination.
36-A - Reports of Lending by Banking Organizations.
36-B - Preservation of Books and Records.
37 - Reports to Superintendent.
37-A - Submission of Annual Reports by the Holocaust Claims Processing Office.
39 - Orders of Superintendent.
41 - Removal of Director, Trustee or Officer.
42 - Official Acts of Superintendent and Details of Department Business to Be Made Public.