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NY A08129

Bill

Official Source

Status

Introduced

5/31/2017

Primary Sponsor

Kenneth Zebrowski

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Increases the asset threshold for extending examination intervals from $250 million to $1 billion for banking organizations
  • Allows the superintendent to extend examination intervals from at least once per calendar year to at least once per eighteen-month period for qualifying banks
  • Requires qualifying banks to be well-capitalized with capital significantly exceeding minimum regulatory requirements
  • Restricts extended examination intervals to banks rated as well-managed with outstanding or good composite condition at most recent examination
  • Excludes banks subject to formal enforcement proceedings or those acquired within the past twelve months from extended examination eligibility

Legislative Description

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.

Last Action

substituted by s3758a

6/14/2017

Committee Referrals

Rules6/5/2017
Banks5/31/2017

Full Bill Text

No bill text available