2015 New York Laws
BNK - Banking
Article 2-C - (Banking) COMMUNITY BANK DEPOSIT PROGRAM
86 - Eligibility.

  86. Eligibility. 1. To be eligible to receive deposits, or to renew
  existing deposits under this program, a  bank,  trust  company,  savings
  bank  or  savings  and loan association: (a) must be chartered under the
  provisions of this chapter and (b) must have a  current  CRA  rating  of
  satisfactory  or  better.  The superintendent shall, if requested by the
  state comptroller or the commissioner of taxation and  finance,  confirm
  whether a particular banking institution meets the criteria specified in
  this section.
2.  A  federal  bank,  trust company, savings bank or savings and loan
  association may also be  eligible  to  receive  deposits,  or  to  renew
  existing  deposits,  under  this program if: (a) its principal office is
  located in this state; (b) it has a current CRA rating  of  satisfactory
  or  better;  and (c) it meets any additional criteria established by the
  comptroller and the commissioner of taxation and  finance  to  determine
  eligibility  for participation in the program. Such criteria may include
  an institution's loan to deposit ratio, its  record  of  small  business
  lending,  and  the impact such deposits would have on an area's economic
  activity.