AN ACT RELATIVE TO THE ANNUAL REPORT ON THE BANKING INDUSTRY.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Chapter 167 of the General Laws is hereby amended by striking out
section 13, as
appearing in the 2000 Official Edition, and inserting in place thereof the
Section 13. All annual reports submitted to the commissioner by banks shall
a form which he shall prescribe. Each report shall contain a declaration
signed by the president, or by an officer designated by the board
directors or trustees of the bank to make the declaration, that the report is
true and correct to the best of his knowledge and belief. The correctness of
report shall be attested by the signatures of at least 3 directors or
trustees of the bank, other than the officer making the declaration, with the
declaration that the report has been examined by them and to the best of their
knowledge and belief is true and correct.
Annually, on or before July 1, the commissioner shall make a
report to the general court containing aggregate statements of the
condition, as of the preceding December, of all savings banks,
co-operative banks, savings and loan associations, credit unions, trust
companies, and, private, foreign, or other banks under his supervision, with
other information relative to the affairs of the banks as the commissioner
considers to be in
the public interest.
The reports required by this section shall be printed and shall include the
locations of the main offices and branches, the names of the operating officers
and directors or trustees of each bank, and such suggestions as the
expedient relative to the general conduct and condition of banks under his
supervision. Such report shall include a list of banks where the call provided
for in section 38 of this chapter and in section 4 of chapter 167A
exceeds the amount loaned to the Massachusetts
Partnership Fund pursuant thereto.