Page:United States Statutes at Large Volume 101 Part 1.djvu/653

 PUBLIC LAW 100-86—AUG. 10, 1987

101 STAT. 623

Board in connection with any function for which the Board has direct or indirect regulatory or supervisory responsibility. SEC. 416. SUNSET.

(a) IN GENERAL.—The following provisions shall ceeise to be effective on the date that a notice is published in the Federal Register by the Financing Corporation pursuant to subsection (b): (1) Paragraphs (2), (3), and (5) of— (A) section 9(a) of the Home Owners' Loan Act of 1933; •i,

12 USC 1441 note. Federal Register, publication.

and

(B) section 415(a) of the National Housing Act, (as added by subsections (a) and (b), respectively, of section 402 of this title). (2) Section 10 of the Home Owners' Loan Act of 1933 and section 416 of the National Housing Act (as added by subsections (a) and (b), respectively, of section 404 of this title). (3) Paragraph (6) of section 406(f) of the National Housing Act (as added by section 405 of this title). (4) Section 22A of the Federal Home Loan Bank Act (as added by section 407(d) of this title). (5) Section 411 of this title. (b) NOTICE OF COMPLETION OF N E T N E W BORROWING BY FINANCING

CORPORATION.—When the Financing Corporation established pursuant to section 21 of the Federal Home Loan Bank Act has completed all net new borrowing under such section, the Financing Corporation shall publish a notice of such fact in the Federal Register. (c) SAVINGS PROVISION.—The termination by subsection (a) of the effectiveness of any provision described in such subsection shall not be construed to affect or limit any authority of the Federal Home Loan Bank Board or the Federal Savings and Loan Insurance Corporation to prescribe any regulation or engage in any activity with respect to any association or insured institution under any other provision of law.

TITLE V—FINANCIAL INSTITUTIONS EMERGENCY ACQUISITIONS SEC. 501. SHORT TITLE.

This title may be cited as the "Financial Institutions Emergency Acquisitions Amendments of 1987". SEC. 502. FDIC ASSISTED EMERGENCY INTERSTATE ACQUISITIONS.

(a) GENERAL PROVISIONS.—Section 13(f)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1823(f)(1)) is amended to read as follows: "(f) ASSISTED EMERGENCY INTERSTATE ACQUISITIONS.—(1) This subsection shall apply only to an acquisition of an insured bank or a holding company by an out-of-State bank or out-of-State holding company for which the Corporation provides assistance under subsection (c).". (b) EMERGENCY INTERSTATE ACQUISITIONS OF BANKS IN DANGER OF

CLOSING.—Section 13(f)(3) of the Federal Deposit Insurance Act (12 U.S.C. 1823(f)(3)) is amended to read as follows: "(3) EMERGENCY INTERSTATE ACQUISITIONS OF INSURED BANKS IN DANGER OF CLOSING.—

Ante, pp. 605, 606. Ante, pp. 609, 611. Ante, p. 613. Ante, p. 617. Ante, p. 620. Federal Register, publication. Ante, p. 585.

Financial Institutions Emergency Acquisitions Amendments of 1987. 12 USC 1811 note.

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