Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 3 - BANKINGSupervisory Policies and ProceduresCommercial Banks
Application for Approval of the Formation of a Bank Holding Company; the Expansion of an Existing Bank Holding Company; the Voting by a Bank Holding Company of the Stock of a Banking Subsidiary; A Merger; a Consolidation; or a Purchase of Assets
Section 105.4 - Confidential information

N.Y. Comp. Codes R. & Regs. tit. 3 § 105.4

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Current through Register Vol. 46, No. 43, October 23, 2024
Section 105.4 - Confidential information

Information as to the following items should be furnished on separate pages which can be detach from the rest of the application.

any computation of the deposits by number of accounts and dollar amount, according to primary and secondary service areas, for any office of each party to the merger, submitted under Section 105.2(c)(2);

the typical compensating balance (as a percentage of the amount of the loan) expected to be maintained, the extent to which such maintenance is a requirement of the bank, and the statement specifically indicating how any policy differences between the parties on this subject will be received, submitted under Section 105.2(d)(6);

any listing of loan-participations and any listing of loan participants, submitted under Section 105.2(d)(8);

any information regarding management succession problems, submitted under Section 105.2(h);

estimate of major categories of assets, deposits and capital accounts and of gross income and expenses, and net earnings or loss for each of the first three years of operation of a proposed new bank, submitted under Section 105.3(e);

the names of individual depositors, borrowers, and beneficiaries of trusts wherever listed;

names of banks maintaining balances at a subsidiary bank (due to) wherever listed;

any remarks of a derogatory nature or that might otherwise cause harm to a bank or an individual;

should the applicant desire to submit any additional information it deems to be of a confidential nature, such information should be properly identified, separately bound, and labeled "Confidential." The Superintendent will determine whether information submitted as confidential will be so regarded, and will advise the applicant of any decision to make public information furnished on a confidential basis. However, it shall be understood that, without prior notice to applicant, the Superintendent may disclose or comment on any of the contents of the application in his opinion or in his recommendation to the Banking Board issued in connection with his decision on the application.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 105.4