Colorado Statutes
§ 11-109-901 — Reserves against deposits
Trust companies that are subject to
reserve provisions of the Federal Reserve Act shall maintain such reserves
against deposits as may be required by the Federal Reserve Act, but, in addition
thereto, the banking board may by rule impose reserve requirements that it deems
prudent and sound on trust companies, including trust companies not subject to
reserve provisions of the Federal Reserve Act. In promulgating these rules, the
banking board shall consider all relevant factors, including without limitation, the
factors set forth in section 11-101-102.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1203, � 3, effective
July 1.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action