LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 2, 1995



 TO:     Honorable Kenny Marchant, Chair        IN RE:  House Bill No. 1289
         Committee on Financial Institutions            By: Patterson,
         House of Representatives               L.P."Pete"
         Austin, Texas







FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
1289 (relating to a reporting requirement applicable to certain
financial institutions) this office has determined the following:

The bill would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.

This bill would require additional reporting requirements for
financial institutions.  The bill would also require financial
institutions with deposits in excess of $300 million to submit a
separate report regardless of whether or not they are owned or
controlled by a holding company.

The probable fiscal implication of implementing the provision of
the bill during each of the first five years following passage is
estimated as follows: