19 - Assessments for deficiency in reserves against deposits.

§ 19. Assessments for deficiency in reserves against deposits.  If any  banking  organization  or  branch of a foreign banking corporation shall  not maintain the total  reserves  prescribed  by  or  pursuant  to  this  chapter,  the  superintendent  may  levy  an assessment upon it for such  period as any deficiency in its total  reserves  amounting  to  one  per  centum or more of its deposits against which reserves are required to be  maintained shall continue, at rates not in excess of the following:    (1)  Six  per  centum per annum upon any such deficiency not exceeding  two per centum of such deposits.    (2) Eight per centum per  annum  upon  any  additional  deficiency  in  excess of two and not exceeding three per centum of such deposits.    (3)  Ten per centum per annum upon any additional deficiency in excess  of three and not exceeding four per centum of such deposits.    (4) Twelve  per  centum  per  annum  upon  any  additional  deficiency  therein.