2006 New York Code - Reserve Depositaries.

 
    § 33.   Reserve   depositaries.   The  superintendent  shall,  in  his
  discretion, upon the nomination of any bank, trust  company,  industrial
  bank,  foreign  banking  corporation  authorized to maintain a branch or
  branches in this state or private banker, designate as a depositary  for
  its  reserves  on  deposit  a  bank,  trust  company,  private banker or
  national bank located in this state, or a  banking  corporation  located
  elsewhere  in  the  United States if such banking corporation shall make
  such reports as the superintendent may prescribe  and  shall  submit  to
  such  examinations  as  he  may  deem  necessary.    No such bank, trust
  company, private banker, national bank or banking corporation may  be  a
  depositary  of any such reserves unless it shall have a combined capital
  and surplus of at least
    (1) One million dollars, if located in a borough in this  state  which
  has a population of one million five hundred thousand or over;
    (2)  Seven hundred and fifty thousand dollars, if located in a borough
  in this state which has a population of one million  or  over  and  less
  than  one  million  five hundred thousand or in a city in this state not
  divided into boroughs which has a population of four hundred thousand or
  over;
    (3) Five hundred thousand dollars, if located elsewhere in this state;
    (4) Two million dollars, if located outside this state.
    No bank, trust company, private banker or national bank located  in  a
  borough having a population of one million five hundred thousand or over
  which  does  not  have  a  combined  capital and surplus of at least two
  million dollars, may be a depositary for such reserves unless  it  shall
  have  a  combined  capital and surplus greater than the combined capital
  and surplus of the bank, trust company, industrial bank, foreign banking
  corporation authorized to maintain a branch or branches in this state or
  private banker depositing such reserves.