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This entry was published on 2014-09-22
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SECTION 167
Reserves against deposits
Banking (BNK) CHAPTER 2, ARTICLE 4
§ 167. Reserves against deposits. Every private banker shall maintain
total reserves against his deposits of the same amount and kind and on
hand or on deposit to the same extent as is at the time required by or
pursuant to the provisions of this chapter of a bank doing business in
the same place.

If any private banker shall fail to maintain the reserves required by
this section, he shall be liable for and shall pay any assessments
levied by the superintendent as provided in article two of this chapter.