N.J. Admin. Code § 3:34-1.4

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:34-1.4 - Required reports

(a) A public depository shall file electronically with the Department a report as set out on the Department's website at http://www.nj.gov/dobi/index.html. The report is due on a quarterly basis and is to be filed on or before the due date for the filing of a call report. The report shall include the following information:

1. The name and address of the reporting institution;

2. The date of report filing and the valuation date of the report;

3. The name and title of the designated GUDPA officer or contact person and that person's telephone number and e-mail address;

4. A secondary contact name and title, with telephone number and e-mail address;

5. The total capital funds;

6. New Jersey capital funds allocated pursuant to 3:34-1.6;

7. Seventy five percent of New Jersey capital funds;

8. The total average balance of New Jersey public funds during the three-month period ending prior to the current valuation date;

9. Whether a daily or four-day average was used;

10. The New Jersey public funds covered by insurance;

11. The average New Jersey public funds on deposit in excess of insurance;

12. The total average balance of New Jersey public funds during the 15-day period preceding the current valuation date;

13. The collateral requirement, and the total market value of collateral pledged;

14. A listing of collateral pledged; and, for each security, the par value, name and description, the Committee on Uniform Security Identification Procedures (CUSIP) number, the rate, the maturity date, the market value, and the collateral location;

15. The gross New Jersey public funds on deposit as of the valuation date; and

16. As of the valuation date, the depository's:

i. Capital category;

ii. Tier 1 leverage capital/average total assets;

iii. Tier 1 risk-based capital/risk-weighted assets; and

iv. Total risk-based capital/risk-weighted assets.

(b) Each public depository required to pledge collateral shall provide an electronic listing of such collateral with each report. Such listing shall be in a form prescribed by the Commissioner and made available on the Department's website.

(c) Each public depository must also certify that the information filed in connection with the report is complete and accurate and that all public funds on deposit have been reported and sufficient eligible collateral is in place and that its valuation meets the requirement of the Act. The certification must be signed by a member of the public depository's audit committee, its Chief Financial Officer, or an equivalent officer and is due upon the filing of the report required by subsection (a) above.

(d) Failure to file complete and timely reports will result in the depository being removed from the approved list referenced in 3:34-1.8.

N.J. Admin. Code § 3:34-1.4

Amended by 50 N.J.R. 1257(a), effective 5/21/2018