(a) Except as provided in subdivision (c) of this section, every foreign banking corporation licensed to maintain one or more agencies or branches in this State shall maintain a record of the liabilities of the foreign banking corporation appearing in the books, accounts and records of its agency, agencies, branch or branches in this State as liabilities of such agency, agencies, branch or branches as of the close of business on each Wednesday as determined in accordance with section 202-b(2) of the Banking Law and section 322.4 of this Part (liabilities requiring cover) and the assets as determined in accordance with section 202-b(2) of the Banking Law and section 322.3 of this Part (eligible assets). The record shall be written in ink or maintained in other permanent legible form and be retained until the conclusion of the next examination of the agency or branch by the department. A foreign banking corporation authorized to maintain more than one agency or branch in this State shall maintain the record on a consolidated basis. In the event that such corporation is authorized to maintain both insured and uninsured branches, a separate record may be maintained for each such category. No specific format for the record is prescribed. It shall, however, contain such information in sufficient detail as will permit ready verification of its accuracy.

(b) Each foreign banking corporation licensed to maintain one or more branches or agencies in this State shall maintain, in addition to the record required to be maintained by subdivision (a) of this section, an itemized record of assets deposited for the account of the superintendent pursuant to section 202-b(1) of the Banking Law and section 322.1 of this Part. The record shall include the value of assets deposited, at principal or fair (market) value, whichever is lower.

(c) Each foreign banking corporation licensed to maintain one or more branches or agencies in this State shall, in a form and at an interval to be prescribed by the superintendent, prepare a report showing the assets deposited pursuant to section 202-b(1) of the Banking Law and section 322.1 of this Part and, except for those well-rated foreign banking corporations eligible for and having on deposit eligible assets at least in the amount of the cap provided in section 322.1(f) of this Part, the calculation of the pledge required under section 322.1 of this Part.

(d) The records required to be maintained by subdivisions (a) and (b) and the report required by subdivision (c) of this section shall be authenticated by the signature of a duly authorized officer of the agency or branch.