N.Y. Banking Law § 19 Assessments For Deficiency In Reserves Against Deposits

• Library: New York Statutes
• Edition: 2023
• Currency: Current through 2023 NY Law Chapter 777
• Year: 2023
• Citation: N.Y. Banking Law § 19

If any banking organization or branch of a foreign banking corporation shall not maintain the total...

(1) Six per centum per annum upon any such deficiency not exceeding two per centum of such deposits.

(2) Eight per centum per annum upon any additional deficiency in excess of two and not exceeding three per centum of such deposits.

(3) Ten per centum per annum upon any additional deficiency in excess of three and not exceeding four per centum of such deposits.