Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 662.085: Reserve not required against deposits secured by obligations of or guaranteed by United States; obligations as valid security.

Where this section sits in the code

TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
CHAPTER 662 - POWERS AND MISCELLANEOUS PROVISIONS
INVESTMENTS; RESERVES; LOAN LIMITS

1. A bank shall not be required to maintain a reserve against deposits secured by any obligations of the United States, its agencies or any other obligations guaranteed by the United States Government or any of its agencies equal in par value to the amount of such deposits.

2. Such obligations shall be valid security for all loans and deposits.

Collected 2026-09-03T05:51:45Z. Source file · JSON

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