Sec. 5. (a) This section applies only to a statement of condition of a savings bank that is or may become a member of the federal reserve bank system, or whose deposits are or may become insured by the Federal Deposit Insurance Corporation.

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Terms Used In Indiana Code 28-6.1-13-5

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
     (b) The department may provide copies of an examination of a savings bank to any of the following:

(1) The federal reserve board.

(2) The federal reserve bank of which the savings bank is or may become a member.

(3) The Federal Deposit Insurance Corporation.

(4) An agency of the federal government similar to those described in subdivisions (1) through (3).

(5) Duly appointed examiners of an entity described in subdivisions (1) through (4).

     (c) The department may disclose to examiners of an entity described in subsection (b)(1) through (b)(4) any information in reference to the condition of the affairs of a savings bank.

As added by P.L.42-1993, SEC.72.

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