CHAPTER 15. STATEMENTS OF CONDITION OF BANKS AND TRUST COMPANIES
IC 28-1-15
Chapter 15. Statements of Condition of Banks and Trust
Companies
IC 28-1-15-1
Statement of condition
Sec. 1. The department may require every bank and trust company
to prepare, submit and publish as many statements of condition as
may be deemed necessary, in any year, but not more than four (4)
statements during any year. Such statements of condition shall be
verified and shall be prepared and submitted according to the forms
and pursuant to such notice and on such dates as the department may
designate.
(Formerly: Acts 1933, c.40, s.211; Acts 1935, c.5, s.38.) As amended
by P.L.192-2003, SEC.4.
IC 28-1-15-2
Publication of statement of condition
Sec. 2. Every bank and trust company shall, when required by the
department, publish its statement of condition in the form in which
it is required by the department, as prescribed in section 1 of this
chapter. Such statement of condition shall be published in a
newspaper printed and published in the city or town in which such
bank or trust company has its principal office, if a newspaper be
printed in such city or town or, if no newspaper be printed in such
city or town, then in the newspaper printed and published in the city
or town nearest thereto in the same county or in an adjoining county.
All such statements of condition shall be published at the expense of
the bank or trust company making such statement, and such proof of
publication shall be furnished the department as it may require.
(Formerly: Acts 1933, c.40, s.212.) As amended by P.L.263-1985,
SEC.69.
IC 28-1-15-3
Furnishing information on condition of bank or trust company to
federal agencies
Sec. 3. The department may furnish to the federal reserve board,
to the federal reserve bank of which a bank or trust company may be
or may become a member, to the Federal Deposit Insurance
Corporation, to any other like agency of the federal government
approved by the department, or to the examiners duly appointed by
the federal reserve board, by a federal reserve bank, by the Federal
Deposit Insurance Corporation, or any other like agency of the
federal government approved by the department, copies of all
examinations of the bank or trust company which is or may become
a member of the federal reserve bank system, or whose deposits are
or may become insured by the Federal Deposit Insurance
Corporation, and may disclose to the examiners any information in
reference to the condition of the affairs of the bank or trust company
which is or may become a member of the federal reserve bank
system, or whose deposits are or may become insured by the Federal
Deposit Insurance Corporation.
(Formerly: Acts 1933, c.40, s.213; Acts 1935, c.5, s.39.) As amended
by P.L.8-1991, SEC.14.
IC 28-1-15-4
Violation; penalty; recovery
Sec. 4. Any bank or trust company which shall fail to prepare and
submit any statement of condition required by the department, and
any bank or trust company which shall violate any order of the
department with respect to such statement or statements, shall be
subject to a penalty of one hundred dollars ($100) for each day that
shall elapse after the date fixed by the department for compliance
with the terms of its notice concerning statements of condition. The
penalty herein prescribed may be recovered in any court of
competent jurisdiction, in an action by the state of Indiana, on the
relation of "The Department of Financial Institutions" and when so
recovered, such penalty shall be paid into the general fund of the
state treasury.
(Formerly: Acts 1933, c.40, s.214.)