New York Banking Law Section 218 - Supervision and reports.

 218.  Supervision  and reports. Such corporation shall be subject to
  the supervision,  examination  and  control  of  the  superintendent  of
  financial  services  in  the same manner as banking organizations are so
  supervised, examined and controlled by him pursuant to this chapter, and
  shall be examined by him annually, but such  corporation  shall  not  be
  deemed  to  be  a  banking organization nor be required to pay a fee for
  such an examination. Such corporation shall make an annual report of its
  condition to the governor, legislature and superintendent  of  financial
  services, on or before January first of each year.

Commencing  January  first,  nineteen  hundred eighty-six, such annual
  report shall contain but not be limited to the following:

a. information on the cost and sources of funds and  capital  and  the
  total  allowable  maximum  amount  available  from  members, the maximum
  amount committed  by  each  individual  member,  and  the  corporation's
  outstanding liabilities to members;

b.  classification of firms in the corporation's portfolio by standard
  industrial code, including a breakdown of (i) size of firms by sales and
  number  of  employees,  (ii)  number  and   percentage   of   loans   to
  manufacturing,  service  and  wholesale businesses, and (iii) number and
  percentage of loans to traditional industries  and  to  high  technology
  firms within the manufacturing sector;

c.  information on the types of financing provided by the corporation,
  including guaranteed loans, the size and term of loans, and a  breakdown
  of investments by senior debt, subordinated debt and equity financings;

d.  information  on  interest  rates of loans, including percentage of
  fixed rate and variable rate loans;

e. information on the use of  capital  provided  by  the  corporation,
  including  number  of  working  capital loans, loans to assist leveraged
  buyouts by employees, management or others, and  secured  mortgages  for
  plant expansion or new production facilities;

f.  information  on  how  the corporation is fulfilling its mission to
  assist women and minority owned businesses;

g.  information  on  resources  and  actions  taken  to  advance   the
  corporation's marketing program;

h.  information  on  the  corporation's  regional offices, including a
  description of the volume of business and the nature of loan activity at
  each office;

i. information on the activities of the corporation's MESBIC; and

j. information on the corporation's pilot  export  financing  program,
  including  the  number  of  firms  serviced  and the types of assistance
  provided.

Last modified: February 3, 2019