Rhode Island § 19-3-9 § 19-3-9. Financial institutions and credit unions joining Federal Reserve System.

Rhode Island Statutes

§ 19-3-9 — § 19-3-9. Financial institutions and credit unions joining Federal Reserve System.

Rhode Island § 19-3-9

Title 19Financial institutions

Ch. 19-3Powers and Operations

This text of Rhode Island § 19-3-9 (§ 19-3-9. Financial institutions and credit unions joining Federal Reserve System.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-3-9 (2026).

Text

§ 19-3-9. Financial institutions and credit unions joining Federal Reserve System.
(a) A financial institution, including a credit union, may subscribe to the capital stock
            and become a member of a Federal Reserve bank within the Federal Reserve district
            where the financial institution or credit union is situated under the provisions of
            the United States Federal Reserve Act, 12 U.S.C. § 221 et seq. The member financial institution or credit union shall be subject to the
            provisions of the Federal Reserve Act relative to member banks, and to the regulations
            of the Federal Reserve Board.
         
(b) Every member finan

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§ 19-3-9. Financial institutions and credit unions joining Federal Reserve System.

(a) A financial institution, including a credit union, may subscribe to the capital stock and become a member of a Federal Reserve bank within the Federal Reserve district where the financial institution or credit union is situated under the provisions of the United States Federal Reserve Act, 12 U.S.C. § 221 et seq. The member financial institution or credit union shall be subject to the provisions of the Federal Reserve Act relative to member banks, and to the regulations of the Federal Reserve Board.

(b) Every member financial institution or credit union may have and exercise any and all of the powers and privileges which may be exercised by member banks under the provisions of the Federal Reserve Act.