Page:United States Statutes at Large Volume 101 Part 1.djvu/587

 PUBLIC LAW 100-86—AUG. 10, 1987

101 STAT. 557

"(3) DISTRICT BANK.—The term 'District bank' means any bank operating under the Code of Law for the District of Columbia.". (2) AMENDMENT TO DEFINITION OF THRIFT INSTITUTION,—Sec-

tion 2(i) of the Bank Holding Company Act of 1956 (12 U.S.C. 1841(i)) is amended to read as follows: "(i) THRIFT INSTITUTION.—For purposes of this Act, the term 'thrift institution' means— "(1) any domestic building and loan or savings and loan association; "(2) any cooperative bank without capital stock organized and operated for mutual purposes and without profit; "(3) any Federal savings bank; and "(4) any State-chartered savings bank the holding company of which is registered pursuant to section 408 of the National Housing Act.". (3) ADDITIONAL DEFINITIONS.—Section

Post, p. 571.

2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841) is amended by adding a t the end thereof the following new subsections: "(j) INSURED INSTITUTION.—For purposes of this Act, the term 'insured institution' has the meaning given to such term in section 408(a)(l) of the National Housing Act. "(k) AFFIUATE.—For purposes of this Act, the term 'affiliate' means any company that controls, is controlled by, or is under common control with another company. "(1) SAVINGS BANK HOLDING COMPANY.—For purposes of this Act, the term 'savings bank holding company' means any company which controls one or more qualified savings banks if the aggregate total assets of such savings banks constitute, upon formation of the holding company and at all times thereafter, at least 70 percent of the total assets of such company. "(m) QUALIFIED SAVINGS BANK.—For purposes of this Act, the term 'qualified savings bank'— "(1) means any savings bank (as defined in section 3(g) of the Federal Deposit Insurance Act) which was organized on or Post, p. 563. before March 5, 1987; and "(2) includes any cooperative bank that is an insured bank (EIS defined in section 3(h) of the Federal Deposit Insurance Act) and any interim savings bank that is established to facilitate a corporate reorganization, or the formation of a holding company, involving a savings bank described in paragraph (1).". (b) IMMEDIATE DIVESTITURE REQUIREMENT.—Section 4(a)(2) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(a)(2)) is amended by adding at the end thereof the following sentence: "Notwithstanding any other provision of this paragraph, if any company that became a bank holding company as a result of the enactment of the Competitive Equality Amendments of 1987 acquired, between March 5, 1987, and the date of the enactment of such Amendments, an institution that became a bank as a result of the enactment of such Amendments, that company shall, upon the enactment of such Amendments, immediately come into compliance with the requirements of this Act.". (c) CERTAIN COMPANIES NOT TREATED AS BANK HOLDING COMPANIES; LIMITATIONS ON CERTAIN BANKS.—Section 4 of the Bank

Holding Company Act of 1956 (12 U.S.C. 1843) is amended by adding at the end thereof the following new subsections:

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