Nevada Revised Statutes 666A.230 – State branch or agency: Limitations on payment of interest on deposits
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A foreign bank which is licensed to establish and maintain a state branch or agency is subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System.
Terms Used In Nevada Revised Statutes 666A.230
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC