Section 168. Restrictions on acceptance of deposits and payment of interest

No private banker shall:
    (1)  Accept  any  amount  for  deposit if after the acceptance of such
  amount the average amount of the deposits received from  all  depositors
  during  the  twelve  month  period  ending  upon the day upon which such
  deposit is tendered, or during such period, if less than twelve  months,
  that  such  private  banker  has been engaged in business, would be less
  than one thousand dollars. The term "deposit" as used in this  paragraph
  shall  mean  coin  or  currency  of  the United States or of any foreign
  country, and checks, drafts and other funds  credited  by  such  private
  banker to the account of any one depositor on any one day, but shall not
  include  dividend  checks,  coupons, or other similar items collected by
  such private banker for the account of a depositor, or remittances  made
  by  a  depositor  for  the purpose of repaying, in whole or in part, any
  existing indebtedness due to such private banker, or  interest  credited
  by  such  private  banker  to  the  account  of  a depositor, or amounts
  delivered for transmission; or
    (2) Pay or credit interest, or  pay,  credit  or  give  any  bonus  or
  gratuity  or  thing  of value, on any deposit balance, if the average of
  the daily credit balances in such deposit account during the period  for
  which  interest  is  paid  or  credited is less than seven thousand five
  hundred dollars.