New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter III - SUPERINTENDENT'S REGULATIONS
Subchapter A - BANKING ORGANIZATIONS
Part 300 - Reporting Of Crimes Against Banking Institutions, Mysterious Disappearances And Misconduct
Section 300.1 - Reports
Current through Register Vol. 46, No. 12, March 20, 2024
Every organization organized, licensed or registered under the Banking Law shall submit a report to the superintendent immediately upon the discovery of any of the following events:
(a) embezzlement, misapplication, larceny, forgery, fraud, dishonesty, making of false entries and omission of true entries, or other misconduct, whether or not a criminal offense, in which any director, trustee, partner, officer, employee (excluding tellers), or agent of such organization is involved;
(b) embezzlement, misapplication, larceny, forgery, fraud, dishonesty, making of false entries and omission of true entries, or other misconduct, whether or not a criminal offense, in which any teller of such organization is involved;
(c) holdups, thefts, burglaries, and check kiting schemes;
(d) money payments which result in a loss by reason of having been drawn against nonexistent accounts or on nonexistent banks or by reason of the maker's signature or the signature of any endorser having been forged on checks, notes, withdrawal orders, letters of credit, bills of lading or other documents.
For purposes of this Part, a disappearance of securities shall constitute a reportable item under subdivision (a) of this section in which case the organization shall have up to five business days after discovery thereof in which to make such report except as provided in section 300.5 of this Part.
In September 1981 the text of section 300.1 was inadvertently reinstated to read as it did prior to the June 16, 1981 amendment. In July 1988 the text of 300.1 was corrected to correspond with the June 16, 1981 amendment.
