412:13-211 Disclosure of lack of deposit insurance.
§412:13-211 Disclosure of lack of deposit insurance. Each foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency, in a manner established by the commissioner by rule or order, shall give notice that deposits and credit balances in the branch or agency office are not insured by the […]
412:13-212 Limitations on payment of interest on deposits.
§412:13-212 Limitations on payment of interest on deposits. A foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency shall be subject to the same limitations with respect to the payment of interest on deposits as a state bank that is a member of the Federal Reserve System. […]
412:13-213 Pledge of assets.
§412:13-213 Pledge of assets. (a) Each foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency shall keep on deposit $500,000 or any greater amount as the commissioner may prescribe by rule in unaffiliated Hawaii banks as have been selected by the foreign bank and approved in writing […]
412:13-214 Asset maintenance.
§412:13-214 Asset maintenance. (a) Each foreign bank that is licensed to establish and maintain a Hawaii state branch or Hawaii state agency shall hold in this State currency, bonds, notes, debentures, drafts, bills of exchange, or other evidences of indebtedness, including loan participation agreements or certificates, or other obligations payable in the United States or […]
412:13-215 Representative office of foreign banks; necessity of licensure.
§412:13-215 Representative office of foreign banks; necessity of licensure. (a) No foreign bank shall establish or maintain a Hawaii representative office unless the foreign bank is licensed by the commissioner to maintain a Hawaii representative office. (b) Nothing in subsection (a) shall be deemed to prohibit a foreign bank which maintains a federal agency or […]
412:13-216 Representative office; application.
§412:13-216 Representative office; application. (a) The application for a license to establish and maintain a Hawaii representative office shall be in writing under oath and shall be in a form and contain any information as the commissioner may require by rule or order. The application shall be accompanied by a nonrefundable application fee of $1,500 […]
412:13-217 Representative office; factors for approval of application.
§412:13-217 Representative office; factors for approval of application. (a) The commissioner shall issue a license to a foreign bank to establish and maintain a Hawaii representative office if the commissioner finds that: (1) The foreign bank is in good standing under the laws of the country in which it is organized and is in sound […]
412:13-202 Application to establish and maintain a branch or agency; contents.
§412:13-202 Application to establish and maintain a branch or agency; contents. A foreign bank, in order to procure a license under this article to establish and maintain a Hawaii state branch or Hawaii state agency, shall submit an application to the commissioner, together with the application fee prescribed in section 412:13-206. The application shall contain: […]
412:13-203 Application to establish and maintain a branch or agency; manner of filing and determination.
§412:13-203 Application to establish and maintain a branch or agency; manner of filing and determination. (a) A foreign bank making an application under this article for a license to establish and maintain a Hawaii state branch or Hawaii state agency shall deliver to the commissioner, together with the application, two copies of its charter or […]
412:13-200 Purpose.
§412:13-200 Purpose. Consistent with the federal International Banking Act, the Bank Holding Company Act, the Federal Deposit Insurance Act, and the Interstate Banking and Branching Efficiency Act, this part is intended: (1) To authorize banking activities and operations, under state licenses issued by the commissioner, of direct branch and agency offices in this State of […]