Sec. 71.5. Reports

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Within 30 days after the completion of the sale of subordinated debt securities, the savings institution shall file a report of the transaction with the superintendent stating the total face value of the securities sold, the rate of interest agreed upon and the net proceeds to the issuing institution. In addition, the issuing savings institution shall submit two condensed statements of condition acknowledged by its chief executive or financial officer: one as of the close of business on the day immediately preceding the sale and the other as of the close of business on the day on which the sale was consummated.

                    
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