Page:United States Statutes at Large Volume 101 Part 1.djvu/582

 101 STAT. 552

PUBLIC LAW 100-86—AUG. 10, 1987

Public Law 100-86 100th Congress An Act Aug. 10, 1987 [H.R. 27]

Competitive Equality Banking Act of 1987. 12 USC 226 note.

To regulate nonbank banks, impose a moratorium on certain securities and insurance activities by banks, recapitalize the Federal Savings and Loan Insurance Corporation, allow emergency interstate bank acquisitions, streamline credit union operations, regulate consumer checkholds, and for other purposes.

Be it enacted by the Senate and House of Representatives United States of America in Congress assembled,

of the

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) SHORT TITLE.—This Act may be cited as the "Competitive

Equality Banking Act of 1987". (b) TABLE OF CONTENTS.— TITLE I—FINANCIAL INSTITUTIONS COMPETITIVE EQUALITY Sec 100. Short title. Sec, 101. Amendments to the Bank Holding Company Act of 1956. Sec. 102. Amendments to the Federal Reserve Act. Sec. 103. Securities affiliations of nonmember insured banks. Sec. 104. Amendments to savings and loan holding company provisions of the National Housing Act. Sec 105. Amendment to the Federal Home Loan Bank Act. Sec 106. Securities affiliations of FSLIC insured institutions. Sec. 107. Mutual holding company amendments. Sec. 108. Leasing authority of national banks. Sec. 109. NOW accounts. Sec. 110. Exemption from affiliate transaction restrictions. Sec. 111. Consideration of certain acquisitions. Sec. Sec. Sec. Sec. Sec.

TITLE II—MORATORIUM ON CERTAIN NONBANKING ACTIVITIES 201. Moratorium on certain nonbanking activities. 202. Authority of Federal banking agencies. ., _ i 203. Intent of Congress. 204. Amendments to the International Banking Act of 1978. 205. Amendments to the Bank Holding Company Act of 1956. TITLE III—FSLIC RECAPITALIZATION

Sec. Sec. Sec. Sec. Sec.

301. Short title. 302. Financing corporation established. 303. Mixed ownership government corporation. 304. Recapitalization of FSLIC. 305. FSLIC authority to charge premiums reduced by amount of financing corporation assessments. Sec. 306. Miscellaneous provisions. Sec. 307. Secondary reserve provisions. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.

TITLE IV—THRIFT INDUSTRY RECOVERY PROVISIONS 401. Short title. 402. Thrift institution accounting, appraisal, and reserve standards. 403. Audit of Federal Asset Disposition Association. 404. Thrift industry recovery regulations. 405. Capital instrument purchase program. 406. Minimum capital requirements. 407. Improvements in the supervisory process. 408. Prevention of insolvencies. 409. Feasibility study relating to establishment of asset holding corporation. 410. Notice and disapproval procedure required for all applications to the Bank Board.

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