Arizona Arizona Revised Statutes
§ 6-271 — Reserves against deposits; rule; limitations
ARS § 6-271Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 6. Reserves
Statute text
View on source6-271. Reserves against deposits; rule; limitations Banks that are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the deputy director, not to exceed fourteen percent of demand deposits or seven percent of time and savings deposits.