§ 207 — Annual report of the superintendent

New York § 207

• Jurisdiction: New York
• Law FIS: Financial Services Law
• Art. 2: Organization of the Department of Financial Services

Text

§ 207. Annual report of the superintendent. (a) The superintendent\nshall submit a report annually to the governor and to the legislature on\nor before the fifteenth day of June. The report shall contain the\nfollowing items, with respect to the preceding calendar year:\n (1) a general review of the insurance business, banking business, and\nfinancial product or service business utilizing the most current\ninformation available;\n (2) a consolidated statement of condition showing the combined assets\nand liabilities of all banking organizations comprising each of the\nfollowing classes: (A) banks and trust companies; and (B) private\nbankers. Each such consolidated statement shall combine the information\ncontained in the last periodical reports of condition received from such\nbanking organizations as of a date during the year for which such report\nof the superintendent is rendered;\n (3) a consolidated statement of condition showing the combined assets\nand liabilities of all banking organizations comprising each of the\nfollowing classes: (A) savings banks; (B) safe deposit companies; (C)\nsavings and loan associations; (D) credit unions; and (E) investment\ncompanies. Each such consolidated statement shall combine the\ninformation contained in the last periodical reports of condition made\nto the superintendent as of a date during the year for which the report\nof the superintendent is rendered, except that with respect to those\nclasses making reports to the superintendent as of the first day of the\nfollowing year, such consolidated statements shall combine the\ninformation contained in such reports;\n (4) a consolidated statement of condition showing the combined assets\nand liabilities of all licensed lenders. Each such consolidated\nstatement shall combine the information contained in the reports to be\nmade on or before the first day of April of the year following the year\nfor which the report of the superintendent is rendered;\n (5) a statement of condition of each banking organization required by\nthe banking law to make periodical reports of condition to the\nsuperintendent. Such statement shall include the information contained\nin the last periodical report of condition made to the superintendent as\nof a date during the year for which such report of the superintendent is\nrendered, except that in the case of banking organizations making\nreports to the superintendent as of the first day of the following year,\neach such statement shall include the information contained in such\nreports. Notwithstanding any other provision of this subsection, in lieu\nof making a statement of the condition of each covered banking\norganization, the superintendent may make such information available by\nany other means that provides for direct public access or availability\nto such required reports of condition;\n (6) a statement of all banking organizations, foreign banking\ncorporations and licensed lenders authorized or licensed by the\nsuperintendent to do business during the year for which the report is\nrendered, with their names and locations and the dates on which their\ncertificates were approved by the superintendent, and such other\ninformation as the superintendent deems appropriate;\n (7) a statement of the banking organizations, foreign banking\ncorporations whose business has been closed either voluntarily or\ninvoluntarily during the year for which the report is rendered, with the\namount of their resources and of their deposits and other liabilities as\nlast reported by them;\n (8) a statement of any unclaimed amounts held by the superintendent\npursuant to the requirements of the banking law as trustee for the\ncreditors, depositors, stockholders or shareholders of each banking\norganization the business and affairs of which shall have been finally\nliquidated; the amount of interest received during the preceding fiscal\nyear upon all such unclaimed amounts held by the superintendent; and the\namount of abandoned funds paid over by the superintendent to the state\ncomptroller pursuant to the requirements of the banking law;\n (9) a table showing the number and kinds of authorized insurers\naccording to classes of business, and their total assets, liabilities,\npremiums written, and insurance in force, as shown by the annual\nstatements filed with the superintendent by such insurers;\n (10) lists of: (A) insurers organized, admitted, merged, withdrawn, or\nplaced in liquidation, conservation, or rehabilitation, (B) domestic\ninsurers that have amended their charters or have increased or decreased\ntheir capital stock, together with a statement of the extent thereof;\nand (C) domestic insurers that have changed their corporate names;\n (11) a list of department reports filed on examination of authorized\ninsurers;\n (12) a statement of the expenses of administering the\nproperty/casualty insurance security fund and the public motor vehicle\nliability security fund pursuant to article seventy-six of the insurance\nlaw;\n (13) tables relative to insurer liquidation, conservation or\nrehabilitation proceedings by the department for prior years, including\nthe preceding calendar year;\n (14) any amendments to the banking law, the insurance law, and this\nchapter, and any amendments to regulations promulgated thereunder,\nduring the year for which such report is rendered; a summary of\ninsurance circular letters and banking interpretations issued during the\nyear for which such report is rendered; and such other matters relating\nto the banking organizations, corporations, partnerships, insurers,\ninsurance producers, or other entities or persons licensed, authorized\nto do business, certified, or registered under the banking law, the\ninsurance law, or this chapter, including public statements,\nrecommendations and decisions of the superintendent, occurring during\nthe year for which such report is rendered, which, in the judgment of\nthe superintendent, may be of historical or regulatory significance;\n (15) legislative recommendations that the superintendent deems\nnecessary or desirable; and\n (16) a summary of the department's receipts and expenses during the\npreceding fiscal year, including any expenses of liquidation paid out of\namounts appropriated by the legislature, the amounts appropriated by the\nlegislature for the expenses of the department during such year, and the\namount, if any, for which the treasury of the state shall not have been\nreimbursed at the date of such report.\n (b) The superintendent may, in addition to the above requirements,\ninclude in such report any other matter or data concerning insurance,\nbanking, financial products or services or the superintendent's duties\nunder the insurance law, the banking law, or this chapter, which in the\nsuperintendent's judgment, is of general interest or import.\n