3 CRR-NY 93.1NY-CRR
3 CRR-NY 93.1
3 CRR-NY 93.1
93.1 Borrowings for purposes other than repaying depositors.
A savings bank may borrow money for purposes other than repaying depositors, and pledge or hypothecate its assets as collateral for any such loans, in an amount not exceeding 50 percent of its assets.
3 CRR-NY 93.1
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.