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Code · Arizona · Title 6 — Banks and Financial Institutions

6-272. Deposits exempt from reserve requirement

43 words·~1 min read·/az/title-6/6-272

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In determining the legal reserves required by this article a bank may deduct from its gross deposits such deposits as are lawfully secured and each deposit balance due to another bank to the extent of a reciprocal deposit due from such other bank.
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