Page:United States Statutes at Large Volume 101 Part 1.djvu/687

 PUBLIC LAW 100-86—AUG. 10, 1987

101 STAT. 657

"(i) the deposits of which are insured by the Federal Deposit Insurance Corporation; ...;; "rfj V,, (ii) which is located in an area the economy of which is dependent on agriculture; "(iii) which has assets of $100,000,000 or less; and w' \ "(iv) which has— "(I) at least 25 percent of its total loans in qualified agricultural loans; or "(II) fewer than 25 percent of its total loans in qualified agricultural loans but which the appropriate Federal banking agency or State bank commissioner recommends to the Corporation for eligibility under this section, or which the Corporae tion, on its motion, deems el^ble; and "(B) the term 'qualified agricultural loan' means a loan '>' - made to finance the production of agricultural products or livestock in the United States, a loan secured by farmland or farm machinery, or such other category of loans as the appropriate Federal banking agency may deem eligible. "(5) MAINTENANCE OF PORTFOUO.—As a condition of eligibility under this subsection, the agricultural bank must agree to maintain in its loan portfolio a percentage of agricultural loans ' which is not lower than the percentage of such loans in its loan portfolio on January 1, 1986..

TITLE IX—FULL FAITH AND CREDIT OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS SEC. 901. REAFFIRMATION OF SECURITY OF FUNDS DEPOSITED IN FEDERALLY INSURED DEPOSITORY INSTITUTIONS.

(a) FINDINGS.—The Congress finds and declares that— (1) since the 1930's, the American people have relied upon Federal deposit insurance to ensure the safety and security of their funds in federally insured depository institutions; and (2) the safety and security of such funds is an essential element of the American financial system. 0)) SENSE OF CONGRESS.—In view of the findings and declarations contained in subsection (a), it is the sense of the Congress that it should reaffirm that deposits up to the statutorily prescribed £unount in federally insured depository institutions are backed by the full faith and credit of the United States.

TITLE X—GOVERNMENT CHECKS SEC. 1001. REPORT ON DIFFICULTY IN CASHING TREASURY CHECKS.

Not later than 6 months after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study and transmit a report to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate on the extent to which individuals who receive Treasury checks have difficulty cashing such checks.

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