3 CRR-NY 72.1NY-CRR
3 CRR-NY 72.1
3 CRR-NY 72.1
72.1 Permissible investments.
Savings banks and savings and loan associations may invest in certificates of deposit of a banking institution described in section 235(12-a)(b) of the Banking Law which has total assets of less than $1 billion only if such certificates are issued by and payable in United States dollars at an office of such banking institution located within one of the states of the United States of America, and in certificates of deposit of a banking institution described in section 235(12-a)(b) of the Banking Law which has total assets of $1 billion or more only if such certificates are payable in United States dollars.
3 CRR-NY 72.1
Current through January 31, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.