New York § 167 Reserves against deposits

New York Statutes

§ 167 — Reserves against deposits

New York § 167

Law BNKBanking

Art. 4Private Bankers

This text of New York § 167 (Reserves against deposits) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Banking § 167 (2026).

Text

  § 167. Reserves against deposits. Every private banker shall maintain\ntotal reserves against his deposits of the same amount and kind and on\nhand or on deposit to the same extent as is at the time required by or\npursuant to the provisions of this chapter of a bank doing business in\nthe same place.\n  If any private banker shall fail to maintain the reserves required by\nthis section, he shall be liable for and shall pay any assessments\nlevied by the superintendent as provided in article two of this chapter.\n

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§ 167. Reserves against deposits. Every private banker shall maintain\ntotal reserves against his deposits of the same amount and kind and on\nhand or on deposit to the same extent as is at the time required by or\npursuant to the provisions of this chapter of a bank doing business in\nthe same place.\n If any private banker shall fail to maintain the reserves required by\nthis section, he shall be liable for and shall pay any assessments\nlevied by the superintendent as provided in article two of this chapter.\n