Sec. 19.2. Notice of establishment of an IBF

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Any banking institution that is required pursuant to regulation D of the Board of Governors of the Federal Reserve System (12 CFR § 204.8[e]) to notify the Federal Reserve Bank of New York of its intention to establish and IBF shall simultaneously submit a copy of such notification to the superintendent. Any other banking institution authorized by this Part to establish an IBF shall submit to the superintendent a notice of its intention to establish an IBF in a form satisfactory to the superintendent.

                    
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