Rhode Island General Laws 19-3-11. Reserve requirements of the Federal Reserve System
Current as of: 2024 | Check for updates
|
Other versions
Every financial institution within this state shall maintain reserves as required by the provisions with respect to reserve funds and reserve balances contained in the Federal Reserve Act, 12 U.S.C. § 221 et seq., and in the rules, regulations, orders, and rulings from time to time in force of the Board of Governors of the Federal Reserve System.
History of Section.
P.L. 1995, ch. 82, § 40.
Terms Used In Rhode Island General Laws 19-3-11
- 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