N.Y. Banking Law § 124

§ 124. Communications from department of financial services to be\nsubmitted to directors and noted in minutes. Any officer of a bank or\ntrust company who receives from the office of the superintendent an\nofficial communication as defined in article two of this chapter shall\nsubmit such communication to the board of directors at the next meeting\nof such board, and such communication shall be duly noted in the minutes\nof the meetings of such board.\n