BANKS-FEDERAL HOME LOAN BANK Senate SponsorsSen. Chris Nybo House Sponsors(Rep. Patricia R. Bellock) 1/10/2017SenateSession Sine Die 205 ILCS 5/48.3from Ch. 17, par. 360.2205 ILCS 205/9012from Ch. 17, par. 7309-12205 ILCS 305/9.1Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" in provisions related to the disclosure of information in order to update references to the Secretary of Financial and Professional Regulation. Allows the Secretary to provide confidential supervisory information to the Federal Home Loan Bank of Chicago under certain circumstances. Amends the Illinois Credit Union Act. Includes the Federal Home Loan Bank of the Federal Home Loan Bank System district in which the credit union is located as an entity that confidential supervisory information may be disclosed to by the Secretary if it has a legitimate regulatory interest. Effective immediately.Senate Committee Amendment No. 1 In provisions amending the Illinois Banking Act and the Savings Bank Act, removes references to the Federal Home Loan Bank of Chicago. Provides that the Secretary may furnish confidential supervisory information to a Federal Home Loan Bank in connection with any bank that is a member of the Federal Home Loan Bank or in connection with any application by the bank before the Federal Home Loan Bank. Provides that a bank or other financial institution or its officers, agents, and employees may disclose confidential supervisory information to a Federal Home Loan Bank of which it is a member. In provisions amending the Illinois Credit Union Act, removes the reference to the Federal Home Loan Bank of the Federal Home Loan Bank System district in which the credit union is located. Provides that relevant confidential supervisory information may be disclosed under specified circumstances to other agencies or entities having a legitimate regulatory interest, including, but not limited to, a Federal Home Loan Bank. 2/3/2016SenateFiled with Secretary by Sen. Chris Nybo 2/3/2016SenateFirst Reading 2/3/2016SenateReferred to Assignments 2/16/2016SenateAssigned to Financial Institutions 2/24/2016SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Chris Nybo 2/24/2016SenateSenate Committee Amendment No. 1 Referred to Assignments 3/1/2016SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions 3/9/2016SenateSenate Committee Amendment No. 1 Adopted 3/9/2016SenateDo Pass as Amended Financial Institutions; 008-000-000 3/9/2016SenatePlaced on Calendar Order of 2nd Reading March 10, 2016 3/10/2016SenateSecond Reading 3/10/2016SenatePlaced on Calendar Order of 3rd Reading March 16, 2016 4/12/2016SenateThird Reading - Passed; 052-000-000 4/12/2016HouseArrived in House 4/12/2016HouseChief House Sponsor Rep. Patricia R. Bellock 4/12/2016HouseFirst Reading 4/12/2016HouseReferred to Rules Committee 1/10/2017SenateSession Sine Die