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2022 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-272 - Deposits exempt from reserve requirement
Universal Citation:
AZ Rev Stat § 6-272 (2022)
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6-272. Deposits exempt from reserve requirement
In determining the legal reserves required by this article a bank may deduct from its gross deposits such deposits as are lawfully secured and each deposit balance due to another bank to the extent of a reciprocal deposit due from such other bank.
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