By Eiland                                        H.B. No. 453

      75R763 DWS-D                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to a report of a financial institution's deposits and

 1-3     loans.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Title 16, Revised Statutes, is amended by adding

 1-6     Article 354 to read as follows:

 1-7           Art. 354.  REPORT OF DEPOSITS

 1-8           Sec. 1.  DEFINITION.  In this article, "financial

 1-9     institution" means a state or national bank, state or federal

1-10     savings and loan association, state or federal savings bank, or

1-11     state or federal credit union.

1-12           Sec. 2.  REPORT OF DEPOSITS IN EACH COUNTY REQUIRED.  Before

1-13     March 1 of each year, a financial institution shall file a report

1-14     that contains for each county of this state in which the financial

1-15     institution has an office or branch the total amount of deposits

1-16     and of loans of its offices and branches in that county on December

1-17     31 of the preceding year.  The Finance Commission of Texas shall by

1-18     rule prescribe the method of determining the amount of a financial

1-19     institution's deposits and loans in a county.

1-20           Sec. 3.  PLACE OF FILING.  A bank shall file the report with

1-21     the banking commissioner of Texas.  A savings and loan association

1-22     or savings bank shall file the report with the savings and loan

1-23     commissioner.  A credit union shall file the report with the credit

1-24     union commissioner.

 2-1           Sec. 4.  REPORT PUBLIC INFORMATION.  A report filed under

 2-2     this article is public information.

 2-3           SECTION 2.  The Finance Commission of Texas shall adopt rules

 2-4     under Article 354, Revised Statutes, as added by this Act, before

 2-5     January 1, 1998.

 2-6           SECTION 3.  The importance of this legislation and the

 2-7     crowded condition of the calendars in both houses create an

 2-8     emergency and an imperative public necessity that the

 2-9     constitutional rule requiring bills to be read on three several

2-10     days in each house be suspended, and this rule is hereby suspended,

2-11     and that this Act take effect and be in force from and after its

2-12     passage, and it is so enacted.