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2022 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-271 - Reserves against deposits; rule; limitations
Universal Citation: AZ Rev Stat § 6-271 (2022)
6-271. Reserves against deposits; rule; limitations
Banks that are not members of the federal reserve system shall maintain such legal reserves as are from time to time fixed by rule of the deputy director, not to exceed fourteen percent of demand deposits or seven percent of time and savings deposits.
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