N.Y. Banking Law § 175: Books and records

§ 175. Books and records. 1. Every private banker shall keep separate

and complete books of account in which shall be promptly entered the

details of all business transacted by him as a private banker including

statements in detail of the liabilities incurred by him as a private

banker and of the securities or property in which funds held by him as a

private banker have been invested.

2. Every private banker shall conform his or her methods of keeping

his or her books and records to such orders in respect thereto as shall

have been made and promulgated by the superintendent pursuant to article

two of this chapter. Any private banker who refuses or neglects to obey

any such order shall be subject to a penalty of an amount as determined

pursuant to section forty-four of this chapter for each day that such

refusal or neglect continues.

3. Every private banker shall preserve all his records of final entry,

including cards used under the card system and deposit tickets, for a

period of at least six years from the date of making the same or from

the date of the last entry thereon; provided, however, that preservation

of photographic reproduction thereof or records in photographic form

shall constitute compliance with the requirements of this section.