N.Y. Comp. Codes R. & Regs. tit. 3 § 109.1
Current through Register Vol. 46, No. 43, October 23, 2024
A bank or trust company that proposes to deposit an amount in excess of 100% of its capital stock, surplus fund and undivided profits with another banking corporation or a private banker should request the superintendent's permission to make such deposit, in accordance with Banking Law § 106, by submitting a letter application for such permission to the superintendent, at the address set forth in section 1.1 of Supervisory Policy G 1 of this Title, specifying the name of the proposed depositary and the reasons why the applicant wishes to make such deposit.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 109.1