CONFERENCE COMMITTEE REPORT NO. 9

                            Honolulu, Hawaii
                                            , 1999

                            RE:   S.B. No. 1125
                                  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. 1125, 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 make conforming amendments
to the Code of Financial Institutions consistent with amendments
to the interstate banking and branching laws enacted in 1996, and
to conform certain procedures applicable to foreign banks and
credit unions to the procedures established for other financial
institutions.  Additionally, the measure establishes separate
filing deadlines for unaudited statements of nondepository
financial services loan companies. 

     Your Committee on Conference has amended this measure by
deleting the reference to "qualifying state" in section
412:2-503(a)(2), Hawaii Revised Statutes, consistent with the

 
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repeal of the definition of "qualifying state" in section 7 of
the measure. 

     Your Committee on Conference is in accord with the intent
and purpose of S.B. No. 1125, H.D. 1, as amended herein, and
recommends that it pass Final Reading in the form attached hereto
as S.B. No. 1125, 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
                                   
                                   
                                   
______________________________     ______________________________
KENNETH T. HIRAKI, Member          BRIAN T. TANIGUCHI, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
SOL P. KAHO`OHALAHALA, Member      ROBERT BUNDA, Member
                                   
                                   
                                   
______________________________     ______________________________
MARILYN B. LEE, Member             SAM SLOM, Member



______________________________
JIM RATH, Member


 
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