ENROLLED
H. B. 2096
(By Delegates Farris and Beane)
[Passed February 23, 1995; in effect ninety days from passage.]
AN ACT to amend and reenact section nineteen, article four, chapter
thirty-one-a of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, relating to state banking
institution reports; eliminating the requirement of
publication; who bears the cost of report.
Be it enacted by the Legislature of West Virginia:
That section nineteen, article four, chapter thirty-one-a of
the code of West Virginia, one thousand nine hundred thirty-one, as
amended, be amended and reenacted to read as follows:
ARTICLE 4. BANKING INSTITUTIONS AND SERVICES GENERALLY.
§31A-4-19. Reports.
Every state banking institution shall make at least four
reports each year to the commissioner of banking upon his or her
call therefor. The reports shall be called for as nearly as
conveniently may be on the dates on which the comptroller of the
currency shall call for reports by national banking associations,
and be in the form and contain the details as shall be prescribed
by the commissioner of banking. The reports shall be verified by
the oath of the president or active vice president or cashier and
attested by the signatures of at least three directors of the
banking institution. Each report shall show in detail, under
appropriate heads, the resources and liabilities of the banking
institution at the close of business on the date specified by the
banking commissioner, and shall be transmitted to the commissioner
within ten days from the receipt of the request for the report.
In lieu of the report, the commissioner of banking shall have
discretion to accept from a banking institution which is a member
of the federal reserve system a report, and the publication thereof
required of the banking institution by the federal reserve board,
or by its agency, provided that the report shall show in detail, under appropriate heads, the resources and liabilities of the
banking institution at the close of business on the day specified
by the federal reserve board, or by its agency, and shall contain
such further details as may be deemed necessary or desirable by the
commissioner of banking.
Any report shall be at the expense of the banking institution.