§ 13-2-807 — Examinations; periodic reports; cooperative agreements; assessment of fees

Wyoming § 13-2-807

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 2: ORGANIZATION OF BANKS
• Art. 8: INTERSTATE BRANCHING AND BANK MERGERS

Text

(a) To the extent consistent with subsection (c) of this
section, the commissioner may make such examinations of any
branch established and maintained in this state pursuant to this
article by an out-of-state bank as the commissioner may deem
necessary to determine whether the branch is being operated in
compliance with the laws of this state and in accordance with
safe and sound banking practices. All operations of the
licensed branch in this state are subject to the same laws,
rules, regulations, restrictions and requirements that apply to
a branch of a bank chartered under the laws of this state.
Licensed branches are subject to the same requirements for
examinations, and shall be assessed the same examination and
service fees, as provided for branches of a bank chartered in
this state.
(b) Records of the activities and operations in this state
of a branch operating pursuant to this article shall be made
available upon request of the commissioner. The commissioner
may prescribe requirements for periodic reports regarding any
out-of-state bank that operates a branch in Wyoming pursuant to
this article. The required reports shall be provided by such
banks or by the bank supervisory agency having primary
responsibility for the bank. Any reporting requirement
prescribed by the commissioner under this subsection shall be:
(i) Consistent with the reporting requirement
applicable to Wyoming state banks; and
(ii) Appropriate for the purpose of enabling the
commissioner to carry out his responsibilities under this
article.
(c) The commissioner may enter into cooperative,
coordinating or information-sharing agreements with any other
bank supervisory agency or any organization affiliated with or
representing one (1) or more bank supervisory agencies with
respect to the periodic examination or other supervision of any
branch in Wyoming of an out-of-state state bank, or any branch
of a Wyoming state bank in any host state, and the commissioner
may accept such parties' reports of examination and reports of
investigation in lieu of conducting his own examinations or
investigations.
(d) The commissioner may enter into contracts with any
bank supervisory agency having concurrent jurisdiction over a
Wyoming state bank or an out-of-state state bank operating a
branch in this state pursuant to this article to engage the
services of the agency's examiners at a reasonable rate of
compensation, or to provide the services of the commissioner's
examiners to the agency at a reasonable rate of compensation.
Any such contract shall not be subject to the provisions of W.S.
9-2-3204(b).
(e) The commissioner may enter into joint examinations
with any other bank supervisory agency having concurrent
jurisdiction over any branch in Wyoming of an out-of-state bank
or any branch of a Wyoming state bank in any host state.
(f) Each out-of-state state bank that maintains one (1) or
more branches in this state may be assessed and, if assessed,
shall pay supervisory and examination fees in accordance with
the laws of this state and regulations of the commissioner.
Notwithstanding any other provision of this title, the fees may
be shared with other bank supervisory agencies or any
organization affiliated with or representing one (1) or more
bank supervisory agencies in accordance with agreements between
the parties and the commissioner. All fees collected pursuant
to this article shall be remitted to the state treasurer as
collected and credited to the financial institutions
administration account. Expenditures shall be made from the
account by warrants drawn by the state auditor, upon vouchers
issued and signed by the director or commissioner. Funds
collected pursuant to this article shall be expended only to
carry out the duties of the commissioner, the state banking
board or as otherwise authorized under this article.
(g) By entering into an agreement pursuant to this
section, the state of Wyoming does not waive its sovereign
immunity.