Sec. R2-14-105 - Reports Required

§ R2-14-105. Reports Required

A.Contact information. An eligible depository shall provide the Administrator, using a form available on the Treasurer's web site, with the following:

1. Information the Administrator needs to contact the individual responsible for ensuring that the eligible depository complies with A.R.S. Title 35, Chapter 10, and this Chapter;

2. Information the Administrator needs to contact each public depositor including:

a. Name and physical address of the public depositor; and

b. Telephone and fax numbers and e-mail address of the individual who is to receive monthly statements from the Administrator; and

3. Updated information promptly after any of the information provided under subsection (A)(1) or (2) changes.

B.Daily report. An eligible depository shall provide the Administrator, using a form or format available on the Treasurer's web site or another form or format approved by the Administrator, a summary report no later than 12:30 p.m. EST every business day. The report, which shall be transmitted electronically, shall contain the following information:

1. Name of eligible depository making the report,

2. Date of report,

3. Demand-deposit ledger balance,

4. Interest-bearing ledger balance,

5. Amount of deposits covered by the FDIC,

6. Amount of uninsured deposits,

7. Amount of required collateral,

8. CUSIPs of the collateral pledged to collateral pool,

9. Market value of collateral pledged to collateral pool,

10. Original par value of collateral pledged to collateral pool,

11. Number of demand-deposit accounts of public monies, and

12. Number of interest-bearing accounts of public monies.

C.Monthly report. On or before the eighth day of each month, an eligible depository shall provide the Administrator, using a form or format available on the Treasurer's web site or another form or format approved by the Administrator, a report that contains the following information regarding each public depositor:

1. Name of public depositor,

2. Taxpayer identification of the public depositor,

3. Name and number of the public depositor's account,

4. Amount of demand deposit held for the public depositor,

5. Amount of interest-bearing deposit held for the public depositor,

6. Amount of total deposits held for the public depositor,

7. Amount of the public depositor's deposits covered by the FDIC, and

8. Amount of required collateral to protect the public depositor's deposits.

D.Detailed daily report. When the Administrator determines that additional information is needed to ensure that all public monies are protected, an eligible depository shall provide the information required under subsections (B) and (C) sorted first by public depositor and second by taxpayer identification number.

E.Additional reports. If requested by the Administrator, an eligible depositor that is a bank or savings institution shall submit to the Administrator a copy of the quarterly Report of Condition and Income filed with the Federal Financial Institutions Examination Council's Central Data Repository, as required under 12 U.S.C. § 324 (state member banks), 12 U.S.C. § 1817 (state non-member banks), 12 U.S.C. § 161 (national banks), and 12 U.S.C. § 1464 (savings institutions). An eligible depository that is a credit union shall submit to the Administrator a copy of the quarterly Call Report filed with the National Credit Union Administration, as required under 12 U.S.C. 1756.

(Adopted by final rulemaking at 21 A.A.R. 233, effective 4/4/2015.)

The following state regulations pages link to this page.