N.Y. Banking Law § 161: Authorization certificate

§ 161. Authorization certificate. If the superintendent shall issue an

authorization certificate as provided in article two of this chapter,

such individual or partnership may engage in the business of banking

including receiving deposits subject to check or for repayment upon the

presentation of a pass book, certificate of deposit or other evidence of

debt, or upon the request of the depositor, or in the discretion of such

individual, or partnership; receiving money for transmission;

discounting or negotiating promissory notes, drafts, bills of exchange

or other evidences of debt; and buying or selling exchange, coin or

bullion at the location specified in such authorization certificate,

subject to all the restrictions and limitations contained in this

chapter. In conducting such business a private banker may make use of

the words "bank," "banker" or "banking" or their equivalent or any

derivative or compound thereof.