17:9A-47. Members of Federal Reserve System
51 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-47·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A bank which is a member of the Federal Reserve System shall maintain the reserve balances required by or pursuant to the Federal Reserve Act, as amended or supplemented from time to time, and shall be exempt from the following sections of this article.
L.1948, c. 67, p. 231, s. 47.