{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-209","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-209","heading":"Bank and trust companies - Examinations and reports","body":"A. 1. The State Banking Commissioner shall, at least every\n\neighteen (18) months or as often as the Commissioner deems\n\nadvisable, examine every bank and trust company, and for the purpose\n\nof making such examinations and special examinations, shall have\n\nfull access to all books, papers, securities, records and other\n\nsources of information under the control of banks and trust\n\ncompanies. Upon the conclusion of the examination, the Commissioner\n\nmay make and file in the office of the Commissioner a report in\n\ndetail disclosing the results of such examination or may, on\n\nconditions prescribed by the Commissioner, prepare a summary\n\nmemorandum regarding the results of such examination, and shall,\n\nupon request by the bank, mail a copy of such report or memorandum\n\nto the bank or trust company examined. However, the Commissioner\n\nmay accept, in lieu of any three consecutive bank examinations, the\n\nexamination that may have been made of the bank or trust company\n\nwithin a reasonable period by the Federal Deposit Insurance\n\nCorporation, the Board of Governors of the Federal Reserve System,\n\nor other supervisory authority having examination jurisdiction and\n\nauthority over the bank or trust company provided a copy of the\n\nexamination, report, or other document prepared as a result of the\n\nexamination is furnished to the Commissioner.\n\n2. The Commissioner may also accept any other report relative\n\nto the condition of a bank or trust company, to include joint or\n\nconcurrent examinations which may be obtained by the authorities\n\nwithin a reasonable period, in lieu of such report authorized by the\n\nlaws of this state to be required of such bank by the Oklahoma State\n\nBanking Department, provided a copy of such report is furnished to\n\nthe Commissioner.\n\n3. The Commissioner may enter into cooperative, coordinating,\n\nand information-sharing agreements with the Federal Deposit\n\nInsurance Corporation, the Board of Governors of the Federal Reserve\n\nSystem, or other supervisory authority having examination\n\njurisdiction and authority over the bank or trust company with\n\nrespect to the periodic examination or other supervision of any\n\nstate bank, trust company, or state thrift.\n\n4. When requested in writing upon authority of the board of\n\ndirectors or stockholders owning a majority of the capital stock of\n\nany bank or trust company, the Commissioner shall, if in the opinion\n\nof the Commissioner such examination is desirable, make or cause to\n\nbe made an examination into the affairs and conditions of such bank\n\nor trust company. For such examination such bank or trust company\n\nshall pay the same fees as provided for in subsection B of Section\n\n211 of this title.\n\nB. Every bank shall make four reports each year and more often\n\nif called upon by the Commissioner and according to the form which\n\nmay be prescribed by the Commissioner, and every trust company shall\n\nmake two reports each year and more often if called upon by the\n\nCommissioner and according to the form which may be prescribed by\n\nthe Commissioner. They must be verified by the oath or affirmation\n\nof the president, cashier or secretary of such bank or trust\n\ncompany, attested by the signatures of at least two of the\n\ndirectors, and shall be retained and made available for inspection\n\nupon request of the Commissioner or designated representatives of\n\nthe Commissioner. Each such report shall exhibit, in detail and\n\nunder appropriate headings, the assets and liabilities of the\n\ncorporation at the close of business on any last day by the\n\nCommissioner specified, and shall be transmitted to the Commissioner\n\nwithin thirty (30) calendar days after the call date, and may be\n\npublished at the expense of the bank or trust company in the same\n\nform in which it is made to the Commissioner. The Commissioner\netail and\n\nunder appropriate headings, the assets and liabilities of the\n\ncorporation at the close of business on any last day by the\n\nCommissioner specified, and shall be transmitted to the Commissioner\n\nwithin thirty (30) calendar days after the call date, and may be\n\npublished at the expense of the bank or trust company in the same\n\nform in which it is made to the Commissioner. The Commissioner\n\nshall also have the power to call for special reports from any bank\n\nor trust company whenever, in the judgment of the Commissioner, the\n\nsame are necessary in order to gain a full and complete knowledge of\n\nits condition. However, the reports authorized and required by this\n\nsection, to be called for by the Commissioner, shall relate to a\n\ndate prior to the date of such call to be specified therein.\n\nAdditionally, the Commissioner may accept, in lieu of the reports\n\nreferred to in this section, reports made by banks that are members\n\nof the Federal Reserve System on forms provided by the Federal\n\nReserve System or reports submitted by banks to the Federal Deposit\n\nInsurance Corporation.\n\nC. Every bank or trust company which fails to make and transmit\n\nany report required within the discretion of the Commissioner, under\n\nthe Oklahoma Banking Code, shall be subject to a penalty not to\n\nexceed Fifty Dollars ($50.00) for each day, after the period\n\nrespectively therein mentioned, that the bank or trust company\n\ndelays to make and transmit its report. Whenever any bank or trust\n\ndelays or refuses to pay the penalty herein imposed for a failure to\n\nmake and transmit a report, the Commissioner is hereby authorized to\n\nmaintain an action in the name of the state against the delinquent\n\nbank or trust company for the recovery of such penalty, and all sums\n\ncollected by such action shall be paid into the Oklahoma State\n\nBanking Department revolving fund pursuant to Section 211.1 of this\n\ntitle.\n\nD. For the purpose of carrying into effect the provisions of\n\nthis Code, the Commissioner shall provide a form for such\n\nexaminations and reports, and all examinations and reports received\n\nby the Commissioner shall be preserved in the office of the\n\nCommissioner for a period of not less than five (5) years. Such\n\nexamination and reports and all other records of operating banks and\n\ntrust companies in the Department are to be kept confidential,\n\nexcept as permitted by this Code. Copies of such examinations and\n\nreports in the possession of an institution under the Department's\n\nsupervision are the property of the Department and are not subject\n\nto disclosure to third parties, including disclosure or production\n\npursuant to subpoena or other request. All requests for review of\n\nsuch examinations and reports shall be directed to the Department\n\nand are subject to the requirements of Section 208 of this title.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7efc76d58a3b8091e077c1f6b752f1915e2ad47e459fb5f9e53db6a02a41a88d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-208.1","next":"us-ok/okla.-stat.-tit.-6-6-210"},"notice":"GroundRules: Original legal text. Not legal advice."}