Senate Bill S3758A

Signed By Governor
2017-2018 Legislative Session

Relates to bank organization examinations

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

co-Sponsors

2017-S3758 - Details

See Assembly Version of this Bill:
A8129
Law Section:
Banking Law
Laws Affected:
Amd §36, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S5296

2017-S3758 - Summary

Relates to bank organization examinations; requires an extension from one year to eighteen months where a bank has total assets of less than one billion dollars.

2017-S3758 - Sponsor Memo

2017-S3758 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3758
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2017
                                ___________
 
 Introduced  by Sens. HAMILTON, SAVINO -- read twice and ordered printed,
   and when printed to be committed to the Committee on Banks
 
 AN ACT to amend the banking law, in relation to examinations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph (b) of subdivision 2 of section 36 of the banking
 law,  as  amended by chapter 464 of the laws of 2006, is amended to read
 as follows:
   (b) the superintendent [may] SHALL  extend  the  examination  interval
 from  at least once in each calendar year to at least once in each eigh-
 teen month period if the banking organization to be examined:
   (1) has total assets of less than [two hundred fifty million  dollars]
 ONE BILLION DOLLARS;
   (2)  is  well-capitalized,  which  for  purposes  of this paragraph is
 defined as having capital which significantly exceeds the required mini-
 mum level for each relevant capital measure or as having such capital as
 the superintendent shall otherwise define by regulation;
   (3) at its most recent examination, was found to be  well-managed  and
 its composite condition was found to be outstanding or good;
   (4)  is  not  currently  subject to a formal enforcement proceeding or
 order by the superintendent, the federal deposit  insurance  corporation
 or any other federal banking agency; and
   (5) has not been acquired by any person during the twelve month period
 in which an examination would be required but for this paragraph, and
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08454-01-7

co-Sponsors

2017-S3758A (ACTIVE) - Details

See Assembly Version of this Bill:
A8129
Law Section:
Banking Law
Laws Affected:
Amd §36, Bank L
Versions Introduced in 2015-2016 Legislative Session:
S5296

2017-S3758A (ACTIVE) - Summary

Relates to bank organization examinations; requires an extension from one year to eighteen months where a bank has total assets of less than one billion dollars.

2017-S3758A (ACTIVE) - Sponsor Memo

2017-S3758A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3758--A
     Cal. No. 1349
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2017
                                ___________
 
 Introduced  by Sens. HAMILTON, SAVINO -- read twice and ordered printed,
   and when printed to be committed to the Committee on Banks -- reported
   favorably from said committee, ordered to  first  and  second  report,
   ordered  to  a third reading, amended and ordered reprinted, retaining
   its place in the order of third reading

 AN ACT to amend the banking law, in relation to examinations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of subdivision 2 of section 36 of the banking
 law,  as  amended by chapter 464 of the laws of 2006, is amended to read
 as follows:
   (b) the superintendent may extend the  examination  interval  from  at
 least once in each calendar year to at least once in each eighteen month
 period if the banking organization to be examined:
   (1)  has total assets of less than [two hundred fifty million dollars]
 ONE BILLION DOLLARS;
   (2) is well-capitalized, which  for  purposes  of  this  paragraph  is
 defined as having capital which significantly exceeds the required mini-
 mum level for each relevant capital measure or as having such capital as
 the superintendent shall otherwise define by regulation;
   (3)  at  its most recent examination, was found to be well-managed and
 its composite condition was found to be outstanding or good;
   (4) is not currently subject to a  formal  enforcement  proceeding  or
 order  by  the superintendent, the federal deposit insurance corporation
 or any other federal banking agency; and
   (5) has not been acquired by any person during the twelve month period
 in which an examination would be required but for this paragraph, and
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08454-03-7

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.