Washington Statutes

§ 43.85.220 — Investment deposits and rate of interest—Members of federal reserve or federal deposit insurance corporation.

Washington § 43.85.220
JurisdictionWashington
Title 43STATE GOVERNMENT—EXECUTIVE
Ch. 43.85STATE DEPOSITARIES

This text of Washington § 43.85.220 (Investment deposits and rate of interest—Members of federal reserve or federal deposit insurance corporation.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wash. Rev. Code § 43.85.220 (2026).

Text

If state depositaries are member banks of the federal reserve system, or are banks the deposits of which, within certain limits, are insured by the federal deposit insurance corporation and, as such, are prohibited by a statute of the United States or by a lawful regulation of the federal reserve system or of the federal deposit insurance corporation, or of any authorized agency of the federal government, from paying interest upon demand deposits of public funds of a state, the payment of interest shall not be required of such depositaries to the extent and for the period of time that payment thereof is prohibited.

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Legislative History

[1965 c 8 s 43.85.220. Prior:1955 c 198 s 4.]

Nearby Sections

15
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Bluebook (online)
Washington § 43.85.220, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/43.85.220.