# Title 13 — Department of Financial Institutions

## Article 13-02 — Banking and Savings and Loan Associations

## Chapter 13-02-02 — Bank Reserves

### § 13-02-02-01. Bank reserves.

Each banking association shall have on hand at all times in available funds a percentage of its
deposits which shall equal the amount of reserves required of it by the board of governors of the federal
reserve system.
History: Amended effective April 1, 1981.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-03-37
