HRS §412:13-212
Interest payment limits for foreign banks
A foreign bank with a Hawaii branch or agency must follow the same rules about paying interest on deposits as a Hawaii state bank that belongs to the Federal Reserve System. This section only sets that requirement.
The statute, as written — 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.
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