Each savings bank shall retain its records in a manner consistent with prudent business practices and in accordance with this chapter and the applicable rules of state agencies and regulations of federal agencies. Each savings bank shall retain its records for the minimum period specified in the technical publication of the Financial Managers Society, Inc. of Chicago, Illinois, titled "Records Retention Guidelines" and dated 1992.
Wis. Admin. Code Department of Financial Institutions DFI-SB 6.01
This section interprets or implements s. 214.75, Stats.
The material incorporated in this rule may be obtained from the Financial Managers Society, Inc., 8 South Michigan Avenue, Suite 500, Chicago, IL. 60603-3307 (phone: (312) 578-1300). A copy is on file at the office of the Division of Savings Institutions, and the legislative reference bureau.