A bank shall obtain insurance of its deposits by the United States or any agency thereof and may acquire and hold membership in the Federal Reserve System. The insurance provision of this Section shall not apply to deposits held by foreign banking corporations pursuant to § 106728 of this Code. SOURCE: GC § 30518. Amended by P.L. 13-111:3 (Dec. 11, 1975).
Deposit Insurance: Membership in Federal Reserve System
11 GCA § 106221 — under Banks.
11 GCA § 106221