N.Y. Comp. Codes R. & Regs. tit. 3 § 93.1

Current through Register Vol. 46, No. 51, December 18, 2024

Section 93.1 - Borrowings for purposes other than repaying depositors

A savings bank may borrow money for purposes other than repaying depositors, and pledge or hypothecate its assets as collateral for any such loans, in an amount not exceeding 50 percent of its assets.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 93.1