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Can you summarize NERS 8-166?
BANKS AND BANKING > Banks; reports to department; form; number required; verification; waiver.
Short Summary
This legal document, governed by the Nebraska Revised Statutes, pertains to banks and banking. It requires every bank to submit at least two reports to the department each year. The reports must be in the prescribed form and certified as correct by specified individuals. Additionally, two members of the board of directors must also certify the reports. However, the director has the authority to waive this requirement if the bank files its reports electronically with the Federal Deposit Insurance Corporation, the Federal Reserve Board, or an electronic collection agent of the Federal Deposit Insurance Corporation or the Federal Reserve Board. The document does not specify any penalties for non-compliance.
Whom does it apply to?
Banks
What does it govern?
Reports to department
What are exemptions?
Waiver if reports are filed electronically with specified entities
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Nebraska