; (B) the financial, operational, and other risks within the non-depository trust company that may pose a threat to— (i) the safety and soundness of the non-depository trust company; or (ii) the stability of the financial system of the United States; and (C) the systems of the non-depository trust company for monitoring and controlling the risks described in subparagraph (B). (d) Submission of reports At the frequency established by rule of the Board, in consultation with State bank supervisors, each non-depository trust company subject to this section shall submit a report of condition under oath to the applicable State bank supervisor relating to— (1) the financial condition and status of systems for monitoring and controlling financial and operating risks of the non-depository trust company; and (2) compliance by the non-depository trust company, and any subsidiary thereof, with this Act and other applicable laws. (e) Existing reports and examinations (1) In general In supervising a non-depository trust company under this section, a State bank supervisor shall, to the fullest extent possible, use existing reports and other supervisory information and avoid duplication of examination activities, reporting requirements, and requests for information. (2) Reports to the Board Each State bank supervisor shall promptly provide to the Board all reports under subsection (d) and reports of examinations under this section. (f) Reserve requirements (1) In general A non-depository trust company that issues a payment stablecoin under this section shall maintain reserves of not less than 100 percent of the nominal value of all outstanding payment stablecoins issued by the non-depository trust company, as of the end of each business day. A non-depository trust company may maintain reserves comprised of— (A) United States coins, currency, or other instrument that is legal tender described in section 5103 of title 31, United States Code