Senate

Senate
Record of Committee Proceedings

Committee on Labor, Transportation and Financial Institutions

Assembly Bill 832

Relating to: in-state branches of out-of-state banks; examination of state banks and trust company banks by the division of banking; action without a meeting by a bank's board of directors; dividend rights on capital stock; providing an exemption from emergency rule procedures; and granting rulemaking authority.

By the Committee on Financial Institutions, by request of the Department of Financial Institutions.

March 19, 1998 Referred to committee on Labor, Transportation and Financial Institutions.

March 24, 1998 PUBLIC HEARING HELD

Present: (6) Senators Plache, Moore, Decker, Zien, Darling and Farrow.

Absent: (0) None.

Appearances for

· Richard Dean, Secretary of Dept. of Financial Institutions

· Michael Mach, DFI

Appearances against

· None.

Appearances for Information Only

· None.

Registrations for

· Rep. David Ward

· Michael R. Vaughan, Wisconsin Bankers Association

Registrations against

· None.

March 24, 1998 EXECUTIVE SESSION

Present: (6) Senators Plache, Moore, Decker, Zien, Darling and Farrow.

Absent: (0) None.

Moved by Senator Decker, seconded by Senator Moore, that Assembly Bill 832

be recommended for concurrence.

Ayes: (6) Senators Plache, Moore, Decker, Zien, Darling and Farrow.

Noes: (0) None.

Absent: (0) None.

CONCURRENCE RECOMMENDED, Ayes 6, Noes 0, Absent 0

John G. Anderson

Committee Clerk