Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69U - FSC - Financial Institution Regulation
Chapter 69U-140 - INTERNATIONAL BANKS
Section 69U-140.019 - Financial Reports

(1) All state licensed international bank agencies shall submit to OFR a statement of financial condition as of the close of the last business day of each calendar quarter. The report shall be submitted on Form OFR-U-55, Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks, revised 3/2003.

(2) For the June and December quarters, each state licensed international bank agency shall submit, to OFR, a statement of earnings. The statement of earnings shall be submitted on Form OFR-U-56, Consolidated Report of Income, revised 3/2003.

(3) Each state licensed international bank agency shall submit either an asset maintenance report on Form OFR-U-50, Quarterly Report of Monthly Asset Maintenance, revised 3/2003, or a capital equivalency report on Form OFR-U-52, Quarterly Report of Monthly Capital Equivalency Deposits or Investment Securities, revised 3/2003, as of the close of each calendar quarter.

(4) All reports shall be postmarked by the last day of the month following the close of the appropriate calendar quarter. If the last day of a month following the close of the appropriate calendar quarter is on a weekend or holiday, such reports are timely filed if they are postmarked the next business day.

(5) All reports required to be submitted by this rule shall be submitted to OFR under oath, pursuant to the requirements set forth in section 663.09(1), F.S., and shall be signed and notarized as necessary.

(6) To satisfy the requirement of subsection (1), above, an appropriate officer of a state licensed international agency may timely file a certification, Form OFR-140-A, effective 1-31-96, with OFR stating that an electronic or paper copy of such report has been timely filed with the Board of Governors of the Federal Reserve System.

(7) OFR shall levy an administrative fine of up to $100 per day for each day the reports required to be submitted by this rule are past due, unless a delay in submission is excused for good cause such as incidental and isolated clerical errors or omissions. For intentional late filing of a financial report, OFR shall levy a late payment penalty of $1,000.00 per day for each day that a financial report is past due. All late payment penalties shall be postmarked within 30 days after receipt of a notice from OFR.

(8) Copies of the above-referenced forms, which are hereby incorporated by reference, may be obtained without cost by contacting OFR.