OAR 441-505-1120: Report of Oregon Deposits

(1) Reporting Unit. This rule applies to: (a) All Oregon commercial banks and Oregon savings banks; (b) All non-Oregon institutions and federal banks that hold deposits of the State of Oregon or any political subdivision thereof where the institution or bank meets the requirements of ORS 714.045; and (c) All insured institutions or trust companies authorized to take deposits in this state or to do trust business in this state that certify under ORS 295.005(2)(c) to the State Treasurer that the insured institutions or trust companies will furnish reports of Oregon deposits. (2) Report date. A report shall be filed with the Director showing deposits as of June 30 of each year. A report filed electronically with the federal supervisory agency is considered filed with the Director. (3) Report Form and Contents. A copy of the Summary of Deposits filed with the FDIC shall be used for reporting deposits, provided that: (a) An Oregon chartered commercial or savings bank shall file its complete Summary of Deposits Report; and (b) Non-Oregon institutions and federal banks complying with this rule shall provide deposits for each Oregon branch. (4) The director reserves the right to call for additional deposit reports by Order.