Florida Senate - 2016                                    SB 1490
       By Senator Garcia
       38-00971-16                                           20161490__
    1                        A bill to be entitled                      
    2         An act relating to financial institution records;
    3         amending s. 655.057, F.S.; specifying that certain
    4         records requirements do not prevent or restrict the
    5         Office of Financial Regulation from furnishing certain
    6         records or information to any Federal Home Loan Bank;
    7         requiring the office to make available to any Federal
    8         Home Loan Bank certain information relating to any
    9         member of a Federal Home Loan Bank; providing an
   10         effective date.
   12  Be It Enacted by the Legislature of the State of Florida:
   14         Section 1. Subsection (5) of section 655.057, Florida
   15  Statutes, is amended to read:
   16         655.057 Records; limited restrictions upon public access.—
   17         (5) This section does not prevent or restrict:
   18         (a) Publishing reports that are required to be submitted to
   19  the office pursuant to s. 655.045(2) or required by applicable
   20  federal statutes or regulations to be published.
   21         (b) Furnishing records or information to any Federal Home
   22  Loan Bank or any other state, federal, or foreign agency
   23  responsible for the regulation or supervision of financial
   24  institutions, including Federal Home Loan Banks.
   25         (c) Disclosing or publishing summaries of the condition of
   26  financial institutions and general economic and similar
   27  statistics and data, provided that the identity of a particular
   28  financial institution is not disclosed.
   29         (d) Reporting any suspected criminal activity, with
   30  supporting documents and information, to appropriate law
   31  enforcement and prosecutorial agencies.
   32         (e) Furnishing information upon request to the Chief
   33  Financial Officer or the Division of Treasury of the Department
   34  of Financial Services regarding the financial condition of any
   35  financial institution that is, or has applied to be, designated
   36  as a qualified public depository pursuant to chapter 280.
   38  Any confidential information or records obtained from the office
   39  pursuant to this subsection shall be maintained as confidential
   40  and exempt from s. 119.07(1). The office shall make available to
   41  any Federal Home Loan Bank the reports of examinations and other
   42  information relating to the condition of any member of a Federal
   43  Home Loan Bank.
   44         Section 2. This act shall take effect July 1, 2016.