CALL REPORTS

BANKS

Pursuant to 32-1-231, MCA, a bank's successful and timely electronic transmittal of its call report to the applicable federal banking regulator or authority satisfies the bank's obligation to transmit the report to the Montana Division of Banking and Financial Institutions (Division). The original signature page of the bank's call report must be permanently retained by the bank and available for the Division's review.  Appendix A to ARM 2.59.111 provides for a 5 year retention period for call reports and related work papers.

Separately, 32-1-491, MCA, requires a retention period of 8 years after Jan. 1 of the year following the time the records are made, for records of customer transaction accounts. That statute also requires the permanent retention of all records showing unpaid balances in favor of bank depositors.

NONDEPOSITORY TRUST COMPANIES

A nondepository trust company that is not insured by the Federal Deposit Insurance Corporation shall transmit its call report directly to the Division in hard copy or imaged form.

LAWS AND RULES

32-1-231, MCA - Reports to Department

32-1-491, MCA - Destruction of Records

ARM 2.59.111 - Retention of Bank Records