H.B. 1210

VETOES

requirements. The report is submitted through a federally approved vendor and the
institution retains for at least two years a copy of the report signed and verified by certain
officers of the banking institution.

Senate Bill 610, which was passed by the General Assembly and signed by me on April 29,
1997, accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 1210.

Sincerely,

Parris N. Glendening

Governor

House Bill No. 1210

AN ACT concerning

Banking Institutions - Reports of Financial Condition

FOR the purpose of allowing banking institutions, under certain circumstances, to
electronically file certain reports of financial condition with the Commissioner of
Financial Regulation; allowing the Commissioner to establish procedures for certain
electronic filings; and generally relating to reports of financial condition from
banking institutions.

BY repealing and reenacting, with amendments,
Article - Financial Institutions
Section 5-206

Annotated Code of Maryland
(1992 Replacement Volume and 3996 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Financial Institutions

5-206.

(a)     At least twice a year, the Commissioner shall ask every banking institution to
submit a financial report that shows in detail the assets and liabilities of the institution as
of the close of the business day that the Commissioner specifies.

(b)     The Commissioner shall:

(1)     Provide forms that conform as closely as practicable to the forms that
the federal banking authorities use; or

(2)     Accept from a banking institution a copy of a reasonably recent report
that the institution submitted to a federal banking authority.

(c)     (1) Within 30 days after a banking institution receives the request for a
financial report, the institution shall submit the report.

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