Arizona Statutes

§ 6-271 — Reserves against deposits; rule; limitations

Arizona·Title 6 Arizona Revised Statutes·Ch. 2 BANK ORGANIZATION AND REGULATION·Art. 6 Reserves
Banks that are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the deputy director, not to exceed fourteen percent of demand deposits or seven percent of time and savings deposits.

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