Virginia regulations · Through 2026 Regular Session (effective July 1, 2026)

10VAC5-20-20: Reserves of Virginia banks

Where this section sits in the code

Title 10. Finance And Financial Institutions
Agency 5. State Corporation Commission
Chapter 20. Banking and Savings Institutions

The percentage of reserves to be maintained against deposits, as established in accordance with § 6.2-889 of the Code of Virginia, shall be: 0.0% against demand deposits, and 0.0% against time deposits.

This chapter shall not relieve any bank from complying with all applicable federal laws and with Regulation D, "Reserve Requirements of Depository Institutions," of the Board of Governors of the Federal Reserve System.

Collected 2026-09-14T04:49:31Z. Source file · JSON

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