HRS §412:7-307
Where savings and loan associations can put their money
A savings and loan association can put its money in a Federal Reserve bank or a federal home loan bank without limit. It can also put money in another bank, but only up to 25% of its capital and surplus, unless federal law says otherwise. The section defines what counts as net deposits.
The statute, as written — Deposits made by savings and loan associations
A savings and loan association 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 and loan association'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.