Rhode Island § 35-10.1-7 § 35-10.1-7. Reports.

Rhode Island Statutes

§ 35-10.1-7 — § 35-10.1-7. Reports.

Rhode Island § 35-10.1-7

Title 35Public Finance

Ch. 35-10.1Collateralization of Public Deposits

This text of Rhode Island § 35-10.1-7 (§ 35-10.1-7. Reports.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 35-10.1-7 (2026).

Text

§ 35-10.1-7. Reports.
(a) Except with respect to those public deposits which are fully insured by federal deposit
            insurance, each qualified depository institution holding public deposits shall file
            a report as required by this section within forty-five (45) days following the end
            of each of the institution's fiscal quarters.
         
(b) Reports required to be filed under subsection (a) shall be certified as accurate by
            the chief financial officer of the reporting institution.
         
(c) Reports required to be filed under subsection (a) shall be filed with the commission
            and 

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§ 35-10.1-7. Reports.

(a) Except with respect to those public deposits which are fully insured by federal deposit insurance, each qualified depository institution holding public deposits shall file a report as required by this section within forty-five (45) days following the end of each of the institution's fiscal quarters.

(b) Reports required to be filed under subsection (a) shall be certified as accurate by the chief financial officer of the reporting institution.

(c) Reports required to be filed under subsection (a) shall be filed with the commission and with each public depositor that maintains a public deposit with the reporting institution.

(d) Each quarterly report shall contain:

(1) The name of the reporting institution and the name, title, address, and telephone number of an officer to whom questions regarding the report should be addressed;

(2) The institution's total capital as of the last day of the fiscal quarter most recently ended;

(3) The institution's risk based capital to risk weighted assets ratio as of the last day of the fiscal quarter most recently ended, computed in accordance with federal regulations applicable to the institution;

(4) A statement whether or not the institution's net income for the fiscal quarter most recently ended, as reported in a quarterly financial report certified by the institution's chief financial officer, exceeded zero;

(5) The aggregate dollar amount of public deposits held by the institution for each public depositor as of the last day of the fiscal quarter most recently ended;

(6) The minimum dollar value of eligible collateral the institution is required to pledge in order to be a qualified depository institution in accordance with this chapter;

(7) The value of all eligible collateral pledged by the institution, determined in accordance with this chapter; and

(8) The amount of any private deposit insurance purchased by the institution with respect to its public deposits pursuant to § 35-10.1-8.