CONFERENCE COMMITTEE REPORT NO. 109

                            Honolulu, Hawaii
                                            , 1999

                            RE:   S.B. No. 1124
                                  S.D. 2
                                  H.D. 1
                                  C.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

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

Sir:

     Your Committee on Conference on the disagreeing vote of the
Senate to the amendments proposed by the House of Representatives
in S.B. No. 1124, S.D. 2, H.D. 1, entitled:  

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

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this measure is to facilitate interstate
branching in Hawaii by removing restrictions on and establishing
requirements for the establishment or acquisition of interstate
branches in the State by out-of-state banks. 

     Upon careful consideration, your Committee on Conference has
amended this measure by changing its effective date from June 1,
2010, to January 1, 2001.

     Your Committee on Conference is in accord with the intent
and purpose of S.B. No. 1124, S.D. 2, H.D. 1, as amended herein,

 
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and recommends that it pass Final Reading in the form attached
hereto as S.B. No. 1124, S.D. 2, H.D. 1, C.D. 1.

                                   Respectfully submitted,

MANAGERS ON THE PART OF THE        MANAGERS ON THE PART OF THE
            HOUSE                             SENATE
                                   
                                   
                                   
______________________________     ______________________________
RON MENOR, Co-Chair                BRIAN KANNO, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
NATHAN SUZUKI, Co-Chair            BRIAN T. TANIGUCHI, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
NESTOR GARCIA, Member              CAROL FUKUNAGA, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
BRIAN Y. YAMANE, Member            ANDREW LEVIN, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
GALEN FOX, Member                  LES IHARA, JR., Member
                                   
                                   
                                   
                                   ______________________________
                                   LORRAINE R. INOUYE, Member
                                   
                                   
                                   
                                   ______________________________
                                   SAM SLOM, Member


 
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