Arizona Arizona Revised Statutes
§ 6-272 — Deposits exempt from reserve requirement
ARS § 6-272Title 6. Banks and Financial Institutions · Ch. 2. BANK ORGANIZATION AND REGULATION · Art. 6. Reserves
Statute text
View on source6-272. Deposits exempt from reserve requirement 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.