A depository to which an order to substitute nonqualified security is issued may show that the plus substitution of securities ordered in such order is not necessary by showing that the total market value of the securities in the security pool in which the security described in the order to substitute for nonqualified security is held, less the market value of such security, exceeds, in case such security pool is a security pool (non-REN), by not less than 10 percent, or in case such security pool is a security pool (REN), by not less than 50 percent, the total of secured local agency deposits secured by such security pool. A depository shall make such showing by filing with the Administrator a statement of local agency deposits, containing the information prescribed in Section 16003.3.4 of this Chapter and executed and verified as prescribed in Section 16003.3.5 of this Chapter, and a report with respect to the security pool in which the security described in the order to substitute for nonqualified security is held, containing the information prescribed in Subdivision (c) of Section 16005.4.2 of this Chapter, executed as prescribed in Section 16005.1.1 of this Chapter, together with the verification prescribed in Section 16005.4.3 of this Chapter and the certification prescribed in Section 16005.4.4 of this Chapter.