California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 10 - Deposit of Eligible Assets
Subpart 10 - Reports
Section 10.16226 - Report Regarding Applicable Minimum

Universal Citation: 10 CA Code of Regs 10.16226

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) This section does not apply to any subject institution for which the applicable minimum is fixed by Section 10.16101(a) of this Chapter.

(b)

(1) Not less than ten days before each maintenance period, a subject institution shall serve on the Commissioner a report which is in the form of Department Form 95, contains the information called for in such Form and in the instructions for the Form, is signed as required in the Form and instructions, and is verified if and as required in the Form and instructions.

(2) In case a subject institution, in making the report called for in Paragraph (1) of this Subdivision (a), determines the applicable minimum on the basis of its adjusted liabilities, such subject institution shall retain the work papers for such report for a period of not less than two years.

(c) Whenever a subject institution serves on the Commissioner the report called for in Subdivision (b) of this Section, such subject institution shall serve on its approved depository an executed copy of such report (including any required verification). The approved depository shall retain such executed copy for a period of not less than two years.

1. Amendment filed 3-12-82; effective thirtieth day thereafter (Register 82, No. 11).
2. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 215, Financial Code. Reference: Sections 1705 and 1761, Financial Code.

Disclaimer: These regulations may not be the most recent version. California 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.