AGENCY: Department of Financial Institutions

SERIES: 81343
TITLE: Depository institution examination reports
DATES: 1971-
ARRANGEMENT: Chronological

DESCRIPTION: These are records resulting from institutional examinations conducted by staff from the department. The examinations are commercial in nature and are intended to discover any financial problems the institution may be suffering from. All institutions subject to regulation by outside agencies such as the Federal Reserve Bank receive a copy of these examinations for their use and reference. These records include statistical financial data, loan reviews, investment reviews, policy and procedures reviews, copies of bank board minutes, and final copies of the department's written report of the examination.

RETENTION

Permanent. Retain for 7 year(s)

DISPOSITION

Transfer to Archives.

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 06/1987

FORMAT MANAGEMENT

Paper: Retain in Office for 2 years and then transfer to State Records Center. Retain in State Records Center for 3 years and then transfer all data to magnetic tape and destroy.

Computer magnetic storage media: Retain in Office for 2 years and then transfer to State Archives.

APPRAISAL

Administrative Fiscal Legal

Previous decision: RDR 73-03: 5 years/confidential. This retention is based in part on the GAO's Comprehensive Retention Schedule 090-16, UCA 76-1-302, the recommendation of the department's chief examiner, Wisconsin's retention found on RLIN document WIHV 1486-A, and the University of Utah's Department Head in the Finance Department, Dr. Steve Manaster.

PRIMARY DESIGNATION

Protected