New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 51 - Pledge Of Assets By Foreign Banking Corporations In New York
Section 51.3 - Requirements applicable to foreign branches and foreign agencies

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 51.3

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Retention of receipts or statements. Each foreign branch and foreign agency shall retain until completion of its next examination the originals of all receipts or statements obtained from a depository pursuant to section 51.2(b) of this Part. Copies of withdrawal requests and the certificate provided for in section 51.2(c)(1) of this Part shall be retained by the foreign branch or foreign agency for the same period of time.

(b) Withdrawal request and certificate. Coincident with any withdrawal request, the foreign branch or foreign agency shall furnish to the superintendent a copy of the withdrawal request and the certificate provided for in section 51.2(c)(1) of this Part.

(c) Data supported by daily record. The amount of securities and/or funds remaining on deposit and the amount of "liabilities requiring cover" as certified pursuant to section 51.2(c)(1) of this Part shall be supported by data contained in the daily record required to be maintained pursuant to section 322.5 of this Title.

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