New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 63. Investments in Savings Banks Trust Company and Other Savings Banks Service Agencies |
Sec. 63.2. Investments in savings banks trust company
Latest version.
- No savings bank shall invest in the capital stock, capital notes and debentures of a savings banks trust company if the aggregate amount of it investments in such securities, including the proposed investment, would exceed two and one-half percent of the total assets of such savings bank as of the date of such investment.