1. (1) Definition. In s. 215.36 (1) (b) and (e), Stats., “principal place of business” of a savings and loan holding company means the state in which the total deposits held by the savings and loan holding company and by all savings and loan association subsidiaries of the holding company are the largest.

2. (2) Determination of deposits. Determination of the amount and location of deposits held by a savings and loan holding company and by each of its savings and loan association subsidiaries shall be made by the division from the most recent reports of condition and operations or similar reports filed by the savings and loan holding company and the holding company’s savings and loan association subsidiaries with state or federal authorities.

   Note: This section interprets or implements ss. 215.36 (1) (b) and (e), Stats.

History

History: Cr. Register, June, 1989, No. 402, eff. 7-1-89.