HRS §412:6-307
Where savings banks can put their money
A savings bank can put its money in a federal reserve bank, a federal home loan bank, or another bank. If it uses another bank, the amount it keeps there is limited to 25% of its own capital and surplus, unless federal law allows more. The section also defines what counts as net deposits.
The statute, as written — Deposits made by savings banks
A savings bank may deposit any of its funds with (1) a federal reserve bank or a federal home loan bank in any amount, or (2) another depository institution, provided that the net deposits in any one depository institution does not exceed twenty-five per cent of the savings bank's capital and surplus, unless otherwise permitted by federal law. In this section "net deposits in any one depository institution" means the sum of (1) balances, other than demand balances, due from the institution and (2) demand balances due from the institution, less any demand balances due to that institution if that office of the institution in which the deposit is made is located in the United States.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.