§ 19-3-11. Reserve requirements of the Federal Reserve System.
Every financial institution within this state shall maintain reserves as required by the provisions with respect to reserve funds and reserve balances contained in the Federal Reserve Act, 12 U.S.C. § 221 et seq., and in the rules, regulations, orders, and rulings from time to time in force of the Board of Governors of the Federal Reserve System.
History of Section.P.L. 1995, ch. 82, § 40.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-3 - Powers and Operations
Section 19-3-1. - Law generally applicable to financial institutions.
Section 19-3-2. - Loans for which financial institution is liable.
Section 19-3-3. - Maximum aggregate liability of one person or company.
Section 19-3-4. - Loans on own shares.
Section 19-3-5. - Non-legal investments.
Section 19-3-6. - Special investments.
Section 19-3-7. - Holding or ownership of real estate.
Section 19-3-8. - Prudent person rule.
Section 19-3-9. - Financial institutions and credit unions joining Federal Reserve System.
Section 19-3-10. - Membership in federal home loan banks.
Section 19-3-11. - Reserve requirements of the Federal Reserve System.
Section 19-3-12. - Authorized reserve agents.
Section 19-3-13. - Use of electronic devices and machines.
Section 19-3-13.1. - ATM cards.
Section 19-3-13.2. - Fee disclosures at automated teller machines.