Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 15, 2016 |
referred to banks delivered to assembly passed senate |
Mar 08, 2016 |
advanced to third reading |
Mar 07, 2016 |
2nd report cal. |
Mar 02, 2016 |
1st report cal.314 |
Jan 06, 2016 |
referred to banks returned to senate died in assembly |
Jun 15, 2015 |
referred to banks delivered to assembly passed senate |
Jun 09, 2015 |
advanced to third reading |
Jun 08, 2015 |
2nd report cal. |
Jun 03, 2015 |
1st report cal.1329 |
May 12, 2015 |
referred to banks |
Senate Bill S5296
2015-2016 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Assembly Committee
- 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
Actions
Votes
2015-S5296 (ACTIVE) - Details
- Current Committee:
- Assembly Banks
- Law Section:
- Banking Law
- Laws Affected:
- Amd §36, Bank L
- Versions Introduced in 2017-2018 Legislative Session:
-
S3758
2015-S5296 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5296 TITLE OF BILL: An act to amend the banking law, in relation to examinations PURPOSE: Changes the interval and asset threshold for examinations of certain banks by the Department of Financial Services SUMMARY OF PROVISIONS: Amends paragraph (b) of subdivision 2 of § 36 of the banking law extends the examination period to once in 18 months for banks with assets of less than $1 billion. EXISTING LAW: Current law allows the superintendent of DFS to extend the examination interval from once each calendar year to at least once each eighteen month period for banks with assets over $250 million. JUSTIFICATION: Community banks are facing challenges from increased regulatory and
2015-S5296 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5296 2015-2016 Regular Sessions I N S E N A T E May 12, 2015 ___________ Introduced by Sen. 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 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10706-01-5
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