New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter II. Regulations of the Superintendent |
Part 201. Exceptions from Part 20 (Payment of Interest on Commercial Bank Deposits) |
Sec. 201.3. Savings Banks Trust Company
Latest version.
- The superintendent hereby suspends section 20.2(a)(1), (2) and (3)(i) (regulating the payment of interest on time deposits, other than savings deposits) of Part 20 of this Title insofar as it applies to Savings Banks Trust Company, provided that such suspension shall be effective only so long as Savings Banks Trust Company shall accept no deposits except:(a) deposits of duly constituted mutual savings banks or arising out of the corporate business thereof; and(b) deposits of public monies.