Page:United States Statutes at Large Volume 101 Part 1.djvu/590

 101 STAT. 560

PUBLIC LAW 100-86—AUG. 10, 1987

'' 12 USC 1842.
 * i *

"(B) immediately upon such registration, complies with all of the requirements of this Act, and regulations prescribed by the Board pursuant to this Act, including the nonbanking restrictions of this section; and "(C) does not, at the time of such registration, control banks in more than one State, the acquisition of which would be prohibited by section 3(d) of this Act if an application for such acquisition by such company were filed under section 3(a) of this Act. "(6) INFORMATION REQUIREMENT.—Each company described in

Reports.

paragraph (1) shall, within 60 days after the date of enactment of the Competitive Equality Amendments of 1987, provide the Board with the name and address of such company, the name and address of each bank such company controls, and a description of each such bank's activities. "(7) EXAMINATION.—The Board may, from time to time, exam-ijs ine a company described in paragraph (1), or a bank controlled by such company, or require reports under oath from appropriate officers or directors of such company or bank solely for purposes of assuring compliance with the provisions of this subsection and enforcing such compliance. "(8) ENFORCEMENT.—

, -bii. i 12 USC 1818.

^, f ^.j^t

12 USC 1811 note. ^,.^^,

"(A) IN GENERAL.—In addition to any other power of the Board, the Board may enforce compliance with the provisions of this Act which are applicable to any company described in paragraph (1), and any bank controlled by such company, under section 8 of the Federal Deposit Insurance Act and such company or bank shall be subject to such section (for such purposes) in the same manner and to the same extent as if such company or bank were a State member insured bank. "(B) APPLICATION OF OTHER ACT.—Any violation of this Act by any company described in paragraph (1), and any bank controlled by such company, may also be treated as a violation of the Federal Deposit Insurance Act for purposes of subparagraph (A). "(C) N o EFFECT ON OTHER AUTHORITY.—No prOVision of

this paragraph shall be construed as limiting any authority of the Comptroller of the Currency or the Federal Deposit Insurance Corporation. "(9) TYING PROVISIONS.—A company described in paragraph

12 USC 19711978, 375b.

(1) shall be— "(A) treated as a bank holding company for purposes of section 106 of the Bank Holding Company Act Amendments "' V Qf j^gYO and section 22(h) of the Federal Reserve Act and any regulation prescribed under any such section; and (B) subject to the restrictions of section 106 of the Bank Holding dompany Act Amendments of 1970, in connection with any transaction involving the products or services of such company or affiliate and those of a bank affiliate, as if Lt!. a,, g^gjj company or affiliate were a bank and such bank were a subsidiary of a bank holding company. 5^:

"(10) EXEMPTION UNAFFECTED BY CERTAIN EMERGENCY ACQUISI-

in TiONS.—For purposes of clauses (i) and (ii)(V) of paragraph (2)(A), ,^ an insured institution is described in this paragraph if^ ' ' "(A) the insured institution was acquired (or any shares or assets of such institution were acquired) by a company

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