{"data":{"id":"us-nv/nrs-677.230","jurisdiction":"us-nv","citation":"NRS 677.230","heading":"Reserves.","body":"1. Except as otherwise provided in subsection 2, the Commissioner may establish the basis upon which reasonable and adequate reserves must be created and maintained, which must be no less than 3 percent of the deposits, in:\n(a) Cash and due from federally insured financial institutions in this state, financial institutions insured by a private insurer approved pursuant to NRS 672.755, or any Federal Reserve Bank;\n(b) United States treasury bills or notes;\n(c) Short-term obligations of the federal or state government; or\n(d) Money deposited in federally insured financial institutions in this state, financial institutions insured by a private insurer approved pursuant to NRS 672.755, or any Federal Reserve Bank.\nÊ For the purposes of this subsection, “short-term” means having a maturity of 2 years or less.\n2. The Commissioner shall require a licensee who is insured by the Federal Deposit Insurance Corporation to comply with the reserve requirements established by that insurer.","path":["TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS","CHAPTER 677 - THRIFT COMPANIES","FORMATION"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-677.html#NRS677Sec230","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"7a3849fa7011dbf2ef07b484c1918654689ae771ae0c445cb54f26ea21b67b23","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-677.220","next":"us-nv/nrs-677.240"},"notice":"GroundRules: Original legal text. Not legal advice."}