Washington § 30A.04.112 - "Loans or obligations" and "liabilities" limited for purposes of RCW 30.04.111.

Full text of Washington Revised Code of Washington § 30A.04.112 — "Loans or obligations" and "liabilities" limited for purposes of RCW 30.04.111., with citation guidance and answers to common questions.

§ 30A.04.112. "Loans or obligations" and "liabilities" limited for purposes of RCW 30.04.111.

Sales of federal reserve funds with a maturity of one business day or under a continuing contract are not "loans or obligations" or "liabilities" for the purposes of the loan limits established by *RCW 30.04.111. However, sales of federal reserve funds with a maturity of more than one business day are subject to those limits.
For the purposes of this section, "sale of federal reserve funds" means any transaction among depository institutions involving the disposal of immediately available funds resulting from credits to deposit balances at federal reserve banks or from credits to new or existing deposit balances due from a correspondent depository institution.
[ 1989 c 220 s 1; 1983 c 157 s 2. Formerly RCW 30.04.112.]

Notes

*Reviser's note: RCW 30.04.111 was recodified as RCW 30A.04.111 pursuant to 2014 c 37 s 4, effective January 5, 2015.
Severability—1983 c 157: See note following RCW 30A.04.060.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 30A.04.112

What does Revised Code of Washington § 30A.04.112 cover?

Section 30A.04.112 (""Loans or obligations" and "liabilities" limited for purposes of RCW 30.04.111.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

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Sources & Verification

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