MS HB1041

Amends the definition of "regulatory capital" in Section 27-105-5 to align with federal standards by referencing 12 C.F.R. Part 3, Part 217, or Part 324 (Tier 1 capital calculations) instead of the previous detailed definition.

Revises the definition of "total assets" to exclude intangible assets other than mortgage servicing rights, removing references to allowance for loan and lease losses and assets classified as loss.

Maintains existing capital-to-assets ratio requirements for public funds depositories: 5.5% for basic depositories and 6.5% for public funds guaranty pool members.

Brings forward Sections 27-105-6, 27-105-33, and 27-105-315 (relating to the public funds guaranty pool, state fund investments, and county depositories) for possible future amendment without substantive changes in this bill.