New York Banking Law

Sec. § 255
Reports to Superintendent; Penalty for Failure to Make


On or before the first day of February in each year every savings bank shall make a written report to the superintendent, which shall contain a statement of its conditions as of the morning of the first day of January of such year. Such report shall contain such information and be in such form as the superintendent may prescribe and shall be subscribed by the president or a vice-president and another principal officer and affirmed by such officers as true under the penalties of perjury.


Every savings bank 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 a savings bank 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 information required by the superintendent to be included, such savings bank 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 information, unless the time therefor shall have been extended by the superintendent as provided in this chapter.


No savings bank shall be required to make any annual or other report or be subject to any inspection or supervision, except as provided in this chapter.

Last accessed
Dec. 13, 2016