The Bank shall make and submit to the Governor of the Virgin Islands, the Legislature and the Banking Board a written report of its condition as of the last day of each month, in such manner as the Banking Board shall prescribe. Such report shall include the total amount of outstanding loans guaranteed by a director, officer, agent or employee, shall be subscribed by an officer of the Bank and verified by his oath stating that to the best of his knowledge and belief the report is true and correct in all respects, and shall be submitted to the Governor, the Legislature, and the Banking Board within the first ten days of the following month, legal holidays excluded.