New York Banking Law

Sec. § 125
Reports to Superintendent; Penalty for Failure to Make


Within fifteen days after service upon it of the notice provided for by section thirty-seven of this chapter, every bank and every trust company shall make a written report of its financial condition to the superintendent, which report shall be in such form and contain such information as the superintendent of financial services may prescribe.


Every bank and every trust company shall also make such other special reports to the superintendent as he may from time to time require, in such form and at such date as may be prescribed by him and such reports shall, if required by him, be subscribed and affirmed as true under the penalties of perjury.


If any bank or trust company shall fail to make any report required by or pursuant to this section, on or before the day designated for the making thereof, or shall fail to include therein any prescribed matter, such bank or trust company shall forfeit to the people of the state an amount as determined pursuant to section forty-four-a of this chapter for every day that such report shall be delayed or withheld, and for every day that it shall fail to report any such omitted matter, unless the time therefor shall have been extended by the superintendent as provided in article two of this chapter.

Last accessed
Dec. 13, 2016