Iowa Code 524.216 – Annual report of superintendent
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1. The superintendent shall make a report in writing annually to the governor in the manner and within the time required by chapter 7A.
Terms Used In Iowa Code 524.216
- Capital: means the sum of the par value of the preferred and common shares of a state bank issued and outstanding. See Iowa Code 524.103
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- Superintendent: means the superintendent of banking of this state. See Iowa Code 524.103
- year: means twelve consecutive months. See Iowa Code 4.1
2. In addition to the matters required by chapter 7A, the annual report of the superintendent shall contain:
a. A summary of applications approved or denied by the superintendent pursuant to this chapter since the superintendent’s last previous report.
b. A summary of the assets, liabilities, and capital structure of all state banks as of June 30 of the year for which the report is made.
c. A statement of the receipts and disbursements of funds of the superintendent during the fiscal year ending on the preceding June 30 and of the funds on hand on such June 30.
d. Such other information as the superintendent may deem appropriate and advisable to fairly disclose the discharge of the duties imposed upon the superintendent by this chapter.