N.Y. Banking Law § 10: Declaration of policy

§ 10. Declaration of policy. It is hereby declared to be the policy of

the state of New York that the business of all banking organizations

shall be supervised and regulated through the department of financial

services in such manner as to insure the safe and sound conduct of such

business, to conserve their assets, to prevent hoarding of money, to

eliminate unsound and destructive competition among such banking

organizations and thus to maintain public confidence in such business

and protect the public interest and the interests of depositors,

creditors, shareholders and stockholders.