S-780                 _______________________________________________

                                                   SENATE BILL NO. 3330

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State of Washington                              49th Legislature                              1985 Regular Session

By Senators Rasmussen, Moore and Bauer; by Lieutenant Governor request

Read first time 1/25/85 and referred to Committee on Financial Institutions.

AN ACT Relating to financial institutions; adding a new section to chapter 43.19 RCW; creating a new section; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.     It is the intent of the legislature to provide to the public current information on the condition of financial institutions conducting business in the state of Washington.

NEW SECTION. Sec. 2.  A new section is added to chapter 43.19 RCW to read as follows:

          The director of general administration shall annually, or by request, make available to the legislature the list of financial institutions designated by the federal reserve system or by the comptroller of the currency, known as the "watch list."

NEW SECTION. Sec. 3.     This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect immediately.