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 300.5 - When reports not required
Current through Register Vol. 46, No. 12, March 20, 2024
(a) If a loss is due to a mysterious disappearance or shortage which does not indicate misconduct--such as clerical or operational error--no report is required. Frequent or numerous "errors" by the same person or persons may, however, indicate misconduct.
(b) Organizations with assets of $1 billion or more are not required to report any incident specified in section 300.1(b)-(d) of this Part if the loss is less than $100,000; and
(c) Organizations with assets over $500 million but less than $1 billion are not required to so report if the loss is less than $50,000; and
(d) Organizations with assets over $100 million but less than $500 million are not required to so report if the loss is less than $25,000.
(e) Other organizations are not required to so report if the loss is less than $5,000.
