New York Banking Law
Reports to the Superintendent; Penalty for Failure to Make
1. On or before the first day in February in each year, every savings and loan association shall make a written report to the superintendent which shall contain a statement of its condition as of the morning of the first day of January in such year. Such report shall contain such information and be in such form as the superintendent may prescribe and shall be subscribed and affirmed as true under the penalties of perjury by the president or a vice-president and another principal officer.
2. Every such association 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.
3. If any such association 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 association 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.