A depository that files reports with the State Treasurer according to ORS 295.061(1) is required to submit a new Treasurer Report to the State Treasurer within three business days of:
- (1) The date on which the depository’s net worth is reduced by an amount greater than 10 percent of the amount shown on its most recent Treasurer Report.
- (2) The date on which a depository ceases to be well capitalized and becomes adequately capitalized or undercapitalized, or ceases to be adequately capitalized and becomes undercapitalized.
Statutory/Other Authority
ORS 295.061(2)(a) & 295.061(2)(b)
Statutes/Other Implemented
ORS 295
History
OST 1-2013, f. & cert. ef. 4-2-13
OST 6-2008, f. & cert. ef. 11-28-08