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Can you summarize NDAC Chapter 13-02-02?
Banking and Savings and Loan Associations > Bank Reserves
Short Summary
The provided legal document content pertains to bank reserves. It states that each banking association must maintain a percentage of its deposits as reserves, which should be equal to the amount required by the board of governors of the federal reserve system. The document does not mention any specific exemptions or penalties related to this requirement.
Whom does it apply to?
Banking associations
What does it govern?
Bank reserves
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
North Dakota