N.Y. Comp. Codes R. & Regs. Tit. 3 § 34.2 - Relationship to federal law
(a) The
availability and disclosure provisions of this Part are inapplicable to
transaction accounts except as provided in section
34.4(c)
of this Part.
(b) Any bank of
savings institution may elect to comply with the availability and disclosure
provisions of regulation CC of the Board of Governors of the Federal Reserve
System with respect to any type or category of non-transaction account (i.e.,
account as defined in section
34.3[a]
of this Part). Compliance with the provisions of regulation CC shall be deemed
to be in compliance with the availability and disclosure provisions of this
Part. (References to regulation CC are to 12 CFR[FN*] part 229 entitled
"Availability of Funds and Collection of Checks".)
[FN*] For information regarding the United States Code (USC or U.S.C.), the Code of Federal Regulations (CFR) and the Federal Register, see Supervisory Policy G 1.
Notes
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