Arizona Statutes
§ 6-272 — Deposits exempt from reserve requirement
In determining the legal reserves required by this article a bank may deduct from its gross deposits such deposits as are lawfully secured and each deposit balance due to another bank to the extent of a reciprocal deposit due from such other bank.
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Related
State Ex Rel. Stowell v. Littrell
481 P.2d 889 (Court of Appeals of Arizona, 1971)
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Exempt persons and transactions