S 8357 NY
Relates to a deposit placement program for the Banking Development District Program
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Summary
This bill allows banks in the Banking Development District Program to arrange for redeposit of funds through a deposit placement program, subject to approval by the State Comptroller and Commissioner of Taxation and Finance. The bill permits banks flexibility in managing and redepositing their funds within the district program framework.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Allows a bank, in the discretion of the comptroller and the commissioner of taxation and finance, to arrange for the redeposit of moneys, in whole or in part, through a deposit placement program.
Sponsor (1)
- James Sanders Jr. Democratic · primary
Action history (18)
- Jun 4, 2025 REFERRED TO RULES · upper
- Jun 9, 2025 ORDERED TO THIRD READING CAL.1666 · upper
- Jun 9, 2025 PASSED SENATE · upper
- Jun 9, 2025 DELIVERED TO ASSEMBLY · upper
- Jun 9, 2025 REFERRED TO BANKS · lower
- Jan 7, 2026 DIED IN ASSEMBLY · lower
- Jan 7, 2026 RETURNED TO SENATE · lower
- Jan 7, 2026 REFERRED TO FINANCE · upper
- Mar 5, 2026 1ST REPORT CAL.470 · upper
- Mar 9, 2026 2ND REPORT CAL. · upper
- Mar 10, 2026 ADVANCED TO THIRD READING · upper
- Mar 25, 2026 PASSED SENATE · upper
- Mar 25, 2026 DELIVERED TO ASSEMBLY · upper
- Mar 25, 2026 REFERRED TO BANKS · lower
- Jun 2, 2026 SUBSTITUTED FOR A9574 · lower
- Jun 2, 2026 ORDERED TO THIRD READING RULES CAL.354 · lower
- Jun 2, 2026 PASSED ASSEMBLY · lower
- Jun 2, 2026 RETURNED TO SENATE · lower
Full text
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