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Can you summarize 3 NYCRR Part 301?
Banking Organizations > Security at Automated Teller Facilities
Short Summary
The provided legal document content pertains to the security measures required at automated teller machine (ATM) facilities operated by Federal and State chartered banking institutions. The document specifies the type and frequency of video tapes or digital recording media to be used in ATM surveillance systems. For analog systems, the regulation mandates the use of commercial/industrial grade video tape or better quality tape. Each tape can only be used once in a 30-day period and no more than 12 times in total. The tapes must be replaced within 365 days of first use and retained for at least 45 days before reuse. For digital systems, the regulation requires the retention of digitally recorded images for at least 45 days. The document emphasizes the need for clear and undistorted picture images, but allows banking institutions to seek approval for alternative methods that achieve the same objective. The document does not mention any specific exemptions or penalties for non-compliance.
Whom does it apply to?
Banking institutions that operate analog or digital surveillance systems within automated teller machine facilities
What does it govern?
Security measures for automated teller machine facilities operated by Federal and State chartered banking institutions
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned in the document.
Jurisdiction
New York