No bank shall be qualified to be designated a depository of moneys unless it has furnished the city with copies of the last two sworn statements of resources and liabilities which the bank is required

to furnish to the Commissioner of Banks and Trust Companies of the state of Illinois or to the Comptroller of Currency, and each bank so designated as a depository of moneys, while acting as such depository, shall furnish the city with copies of all statements of resources and liabilities which it is required to furnish to the Commissioner of Banks and Trust Companies or to the Comptroller of Currency. (Prior code § 2-7-13(F))