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Information > Financial Terms > This page Available Fund(s) 1.
A fund held by a non-stick savings bank in cash or on deposit with
another bank or trust company for the purpose of paying withdrawals in
excess of current receipts, meeting current obligations, or awaiting a
more favourable opportunity for investment. In New York State this fund is limited to 20% of deposits. 2.
Total funds of a bank available at any time for conversion into
earning assets or other investment are not only its deposits but its total
capital funds and any borrowed money as well. |