MN HF2227

Allow financial institutions to remain closed on Saturdays that follow a Friday holiday or precede a Sunday or Monday holiday, in addition to existing closure provisions for Mondays following Sunday holidays.

Clarify state bank lending limits by including credit exposure from derivative transactions in the calculation of total liabilities to any individual, with derivative transactions defined as contracts or agreements based on currencies, interest rates, or related indices subject to commissioner of commerce regulation.

Change the lending limit language from "its" to "the bank's" to clarify that the 20 percent capital and surplus limitation applies to the bank's capital and surplus.

Repeal Minnesota Statutes sections 48.50 and 48.51 as obsolete language relating to deposits payable on demand.