DEAC-5-901 — 901 Reporting of Reserves Against Deposits

900 Regulations Governing Business of Banks and Trust Companies

Section

5 Del.C. §907

Formerly Regulation No.: 5.907.0001

Effective Date: June 22, 1995

§ 1.0

Institutions subject to §907 which are not members of the Federal Reserve System shall maintain reserves against deposits as required by Regulation D of the Federal Reserve Board and in so doing shall meet the requirement of 5 Del.C. §907.

§ 2.0

Reserves being held against deposits under this section need not be reported to the Commissioner except upon request of the Commissioner.