New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 31. Investments of Banks or Trust Companies in Certain Corporations |
Sec. 31.9. Government Securities Clearing Corporation
Latest version.
- Any bank or trust company is permitted to invest in the capital stock of Government Securities Clearing Corporation in a total amount not to exceed the lesser of $250,000 or two percent of the investing bank's or trust company's capital stock and surplus.