§ 17:9A-49 — Definitions
For the purposes of this article. "Reserve depositary" includes (a) A Federal Reserve bank, (b) A member of a Federal Reserve bank organized in a Federal Reserve district which includes all or any part of this State, which shall be approved by the commissioner as a reserve depositary, (c) A bank which is not a member of the Federal Reserve System, but which shall be approved by the commissioner as a reserve depositary, and (d) A member of a Federal Reserve bank organized in a Federal reserve district which does not include all or any part of this State; provided, such member is approved by the commissioner as a reserve depositary. L.1948, c. 67, p. 231, s.
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