Conn. Gen. Stat. § 36a-120
(Formerly Sec. 36-29g). Reserves for Connecticut banks and Connecticut credit unions
Connecticut · General Statutes of Connecticut Chapter 664b — Corporate Organization and Administration of Connecticut Banks · Status: effective
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- Citation
- Conn. Gen. Stat. § 36a-120, (Formerly Sec. 36-29g). Reserves for Connecticut banks and Connecticut credit unions, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2200619
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Full text
(a) The amount and form of reserve requirements for Connecticut banks and Connecticut credit unions shall be those provided in 12 USC Section 461 et seq., as from time to time amended, and any regulations issued thereunder.
(b) Notwithstanding subsection (a) of this section, whenever, in the opinion of the commissioner, the protection of depositors of any or all Connecticut banks or Connecticut credit unions, or both, requires, the commissioner may order such banks and credit unions to maintain such reserves in an amount and in such form as the commissioner deems appropriate.