H.B. 1154                                                VETOES

WHICH IS THE GROSS INCOME FROM SUCH ASSETS AND ACTIVITIES WHICH ARE
PROPERLY ASSIGNED TO A REGULAR PLACE OF BUSINESS OF THE BANK OR TRUST
COMPANY WITHIN THIS STATE AND THE DENOMINATOR OF WHICH IS THE GROSS
INCOME FROM ALL SUCH ASSETS AND ACTIVITIES.

2. THE AMOUNT OF INTEREST FROM FEDERAL FUNDS SOLD
AND PURCHASED AND FROM SECURITIES PURCHASED UNDER RESALE
AGREEMENTS AND SECURITIES SOLD UNDER REPURCHASE AGREEMENTS
ATTRIBUTABLE TO THIS STATE AND INCLUDED IN THE NUMERATOR IS
DETERMINED BY MULTIPLYING THE AMOUNT DESCRIBED IN ITEM 1 OF
SUBPARAGRAPH (I) OF THIS PARAGRAPH FROM SUCH FUNDS AND SUCH SECURITIES
BY A FRACTION, THE NUMERATOR OF WHICH IS THE GROSS INCOME FROM SUCH
FUNDS AND SUCH SECURITIES WHICH ARE PROPERLY ASSIGNED TO A REGULAR
PLACE OF BUSINESS OF THE BANK OR TRUST COMPANY WITHIN THIS STATE AND
THE DENOMINATOR OF WHICH IS THE GROSS INCOME FROM ALL SUCH FUNDS AND
SUCH SECURITIES.

3. THE AMOUNT OF INTEREST, DIVIDENDS, GAINS AND
OTHER INCOME FROM TRADING ASSETS AND ACTIVITIES, INCLUDING BUT NOT
LIMITED TO ASSETS AND ACTIVITIES IN THE MATCHED BOOK, IN THE ARBITRAGE
BOOK AND FOREIGN CURRENCY TRANSACTIONS (BUT EXCLUDING AMOUNTS
DESCRIBED IN ITEMS 1 AND 2 OF THIS SUBPARAGRAPH) ATTRIBUTABLE TO THIS
STATE AND INCLUDED IN THE NUMERATOR IS DETERMINED BY MULTIPLYING THE
AMOUNT DESCRIBED IN ITEM 2 OF SUBPARAGRAPH (I) OF THIS PARAGRAPH BY A
FRACTION, THE NUMERATOR OF WHICH IS THE GROSS INCOME FROM SUCH
TRADING ASSETS AND ACTIVITIES WHICH ARE PROPERLY ASSIGNED TO A REGULAR
PLACE OF BUSINESS OF THE BANK OR TRUST COMPANY WITHIN THIS STATE AND
THE DENOMINATOR OF WHICH IS THE GROSS INCOME FROM ALL SUCH ASSETS AND
ACTIVITIES:                                                                                                               

(IV) IF THE BANK OR TRUST COMPANY ELECTS OR IS REQUIRED BY
THE COMPTROLLER TO USE THE METHOD SET FORTH IN SUBPARAGRAPH (III) OF
THIS PARAGRAPH, IT SHALL USE THIS METHOD ON ALL SUBSEQUENT RETURNS
UNLESS THE BANK OR TRUST COMPANY RECEIVES PRIOR PERMISSION FROM THE
COMPTROLLER TO USE, OR THE COMPTROLLER REQUIRES A DIFFERENT METHOD.

(V) THE BANK OR TRUST COMPANY SHALL HAVE THE BURDEN OF
PROVING THAT AN INVESTMENT ASSET OR ACTIVITY OR TRADING ASSET OR
ACTIVITY WAS PROPERLY ASSIGNED TO A REGULAR PLACE OF BUSINESS OUTSIDE
OF THIS STATE BY DEMONSTRATING THAT THE DAY TO DAY DECISIONS
REGARDING THE ASSET OR ACTIVITY OCCURRED AT A REGULAR PLACE OF
BUSINESS OUTSIDE THIS STATE. WHERE THE DAY TO DAY DECISIONS REGARDING
AN INVESTMENT ASSET OR ACTIVITY OR TRADING ASSET OR ACTIVITY OCCUR AT
MORE THAN ONE REGULAR PLACE OF BUSINESS AND ONE SUCH REGULAR PLACE
OF BUSINESS IS IN THIS STATE AND ONE SUCH REGULAR PLACE OF BUSINESS IS
OUTSIDE THIS STATE, SUCH ASSET OR ACTIVITY SHALL BE CONSIDERED TO BE
LOCATED AT THE REGULAR PLACE OF BUSINESS OF THE BANK OR TRUST COMPANY
WHERE THE INVESTMENT OR TRADING POLICIES OR GUIDELINES WITH RESPECT TO

- 4330 -