Indiana Code 28-2-14-8. Deposits
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Terms Used In Indiana Code 28-2-14-8
- bank: means a financial institution:
Indiana Code 28-2-14-2
- deposits: means the sum of the total demand deposits and total time and savings deposits of a particular bank as shown in its most recently filed consolidated report of condition in the possession of the Board of Governors of the Federal Reserve System or other supervising agency. See Indiana Code 28-2-14-8
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
Sec. 8. As used in this chapter, “deposits” means the sum of the total demand deposits and total time and savings deposits of a particular bank as shown in its most recently filed consolidated report of condition in the possession of the Board of Governors of the Federal Reserve System or other supervising agency.
As added by P.L.265-1985, SEC.4.