STAND. COM. REP. NO. 872

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 1063
                                     H.D. 1
                                     



Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Consumer Protection and Commerce, to which
was referred H.B. No. 1063 entitled: 

     "A BILL FOR AN ACT RELATING TO THE CODE OF FINANCIAL
     INSTITUTIONS,"

begs leave to report as follows:

     The purpose of this bill is to correct certain sections of
the Code of Financial Institutions which were inadvertently not
changed with the adoption of prior amendments to the Code.

     The Department of Commerce and Consumer Affairs submitted
testimony in support of this measure.

     Your Committee has amended this measure by making technical,
nonsubstantive amendments for purposes of style and clarity.

     As affirmed by the record of votes of the members of your
Committee on Consumer Protection and Commerce that is attached to
this report, your Committee is in accord with the intent and
purpose of H.B. No. 1063, as amended herein, and recommends that
it pass Second Reading in the form attached hereto as H.B. No.
1063, H.D. 1, and be placed on the calendar for Third Reading.


 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 872
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Consumer
                                   Protection and Commerce,



                                   ______________________________
                                   RON MENOR, Chair