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Who cares
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Sponsors
2 Co-sponsors
History
- Referred to banks
- Referred to banks
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the banking law, in relation to annual reporting requirements
Purpose
To revise the content of the annual report which the Superintendent is required to make to the Governor and Legislature.
Summary of provisions
This bill makes amendments to Section 43 of the Banking Law, Requiring additional content in the annual report which the Superintendent of Banks is required to make to the Governor and Legislature.
* Information is added to include a summary, by type, of the number of regulated banking and non-banking entities, and the number of offices they operate.
* Information is added regarding receipts and disbursements from the State Transmitter of Money Insurance Fund.
* Language is added to generally require a statement of the Banking Department's receipts and expenses. This language is similar to what is currently required of the Insurance Department in its annual report.
* Information is added regarding any banking organizations and foreign banking corporations which have been newly created, have merged or consolidated, or which have converted their charter.
Existing law
Section 43 of the Banking Law requires the Superintendent of Banks to prepare an annual report, and specifies the various items to be included in the report.
Justification
This legislation seeks to improve the usefulness of the Banking Department's annual report by including certain additional information on regulated entities.
Legislative history
New bill.
Fiscal implications
None.
Local fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.