Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

AGO 1955 NO. 2 > Jan 6 1955

Branch banks are not authorized in rural areas of a county except where principal place of business is located.

AGLO 1977 NO. 8 > Feb 24 1977

A public housing authority established pursuant to chapter 35.82 RCW, although authorized to purchase time certificates of deposit issued by certain in-state financial institutions under chapter 39.68 RCW, has no legal authority to purchase such certificates of deposit when issued by out-of-state financial institutions.

AGLO 1976 NO. 38 > Jun 14 1976

(1) The limitation in RCW 39.58.130 upon public deposits with a particular bank or trust company applies to all funds, in the aggregate, deposited by a county treasurer rather than separately to the funds of each municipality served by such treasurer. (2) The protections of chapter 39.58 RCW extend to all public funds on deposit with qualified depositaries irrespective of the limitations of RCW 39.58.130 and without regard to the reasons attributable to the violation of the statutory restriction.

AGO 1963 NO. 71 > Nov 20 1963

Section 11, chapter 176, Laws of 1963 (RCW 32.12.100) qualifies mutual savings banks, under certain conditions, as depositaries of public funds for the political subdivisions of the state set forth therein.

AGO 1950 NO. 313 > Jul 31 1950

The obligation of a bank officer as joint mortgagor for accommodation of third party is included in the total amount of obligations of officer which statute permits bank to acquire.