12 C.F.R. § 551.60 How must I maintain my records?
Title 12 - Banks and Banking
(a) You may maintain the records required under §551.50 in any manner, form, or format that you deem appropriate. However, your records must clearly and accurately reflect the required information and provide an adequate basis for an audit of the information. (b) You, or the person that maintains and preserves records on your behalf, must: (1) Arrange and index the records in a way that permits easy location, access, and retrieval of a particular record; (2) Separately store, for the time required for preservation of the original record, a duplicate copy of the record on any medium allowed by this section; (3) Provide promptly any of the following that OTS examiners or your directors may request: (i) A legible, true, and complete copy of the record in the medium and format in which it is stored; (ii) A legible, true, and complete printout of the record; and (iii) Means to access, view, and print the records. (4) In the case of records on electronic storage media, you, or the person that maintains and preserves records for you, must establish procedures: (i) To maintain, preserve, and reasonably safeguard the records from loss, alteration, or destruction; (ii) To limit access to the records to properly authorized personnel, your directors, and OTS examiners; and (iii) To reasonably ensure that any reproduction of a non-electronic original record on electronic storage media is complete, true, and legible when retrieved. (c) You may contract with third party service providers to maintain the records.
Title 12: Banks and Banking
PART 551—RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR SECURITIES TRANSACTIONS
Subpart A—Recordkeeping Requirements
§ 551.60 How must I maintain my records?
