2013 Indiana Code TITLE 28. FINANCIAL INSTITUTIONS ARTICLE 6.1. SAVINGS BANKS CHAPTER 13. STATEMENT OF CONDITION
Download as PDF
IC 28-6.1-13
Chapter 13. Statement of Condition
IC 28-6.1-13-1
Number of statements required
Sec. 1. The department may require every savings bank to prepare
and submit to the department as many statements of condition as
necessary in any year. The department may not require a savings
bank to publish more than two (2) statements of condition under this
chapter in any year.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-13-2
Designation of forms, notice, and dates
Sec. 2. The statements of condition shall be verified and shall be
prepared and submitted according to the forms and under the notice
and on the dates as the department designates.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-13-3
Contents of statements
Sec. 3. (a) The following items shall be shown in the statement of
condition in detail and under appropriate headings, as of a day
specified by the department in the department's notice:
(1) The resources and liabilities of the savings bank, and except
as provided in subdivision (2), excluding from the resources and
liabilities all property held in trust.
(2) The uninvested funds held in any fiduciary capacity. These
uninvested funds shall be called "first lien trust funds".
(3) Other information required by rules of the department.
(b) The items enumerated in subsection (a)(2) shall be segregated
from the statement of resources and liabilities of the savings bank
under an appropriate title that will clearly designate the character and
amount of the items.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-13-4
Publication of statements
Sec. 4. (a) A savings bank shall, when required by the department,
publish the savings bank's statement of condition in the form in
which the statement of condition is required by the department as
prescribed in this chapter.
(b) The statement of condition shall be published in a newspaper
printed and published in the city or town in which the savings bank
has its principal office, if a newspaper is printed in that city or town.
If a newspaper is not printed in that city or town, the savings bank
shall publish the statement of condition in a newspaper printed and
published in the city or town nearest to the city or town of the
savings bank's principal office.
(c) A statement of condition shall be published at the expense of
the savings bank making the statement, and proof of publication shall
be furnished the department in the form the department requires.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-13-5
Provision of examination copies and information to federal entities
Sec. 5. (a) This section applies only to a statement of condition of
a savings bank that is or may become a member of the federal reserve
bank system, or whose deposits are or may become insured by the
Federal Deposit Insurance Corporation.
(b) The department may provide copies of an examination of a
savings bank to any of the following:
(1) The federal reserve board.
(2) The federal reserve bank of which the savings bank is or
may become a member.
(3) The Federal Deposit Insurance Corporation.
(4) An agency of the federal government similar to those
described in subdivisions (1) through (3).
(5) Duly appointed examiners of an entity described in
subdivisions (1) through (4).
(c) The department may disclose to examiners of an entity
described in subsection (b)(1) through (b)(4) any information in
reference to the condition of the affairs of a savings bank.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-13-6
Civil penalties
Sec. 6. (a) A savings bank that does any of the following is
subject to a civil penalty of one hundred dollars ($100) for each day
that elapses after the date fixed by the department for compliance
with the terms of the department's notice concerning statements of
condition:
(1) Fails to prepare and submit a statement of condition
required by the department.
(2) Violates an order of the department with respect to a
statement of condition.
(b) The penalty prescribed by this section may be recovered under
IC 28-11-4.
(c) A penalty recovered under this section shall be paid into the
state general fund.
As added by P.L.42-1993, SEC.72.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
