Page:United States Statutes at Large Volume 103 Part 1.djvu/283

 PUBLIC LAW 101-73 —AUG. 9, 1989 103 STAT. 255 provisions of this paragraph under such conditions as the Sec- retary may determine."; (2) in subsection (b)— (A) by striking out "banking and checking" and "banking or checking" each place such terms appear and inserting in lieu thereof "depository"; (B) by striking out "bank" (except "Federal Reserve bank") each place such term appears and inserting in lieu thereof "depository institution"; (3) in subsection (c)— (A) by striking out "closing" or "closed" each place sUch terms appear and inserting in lieu thereof "default" or "in default"; (B) by striking out "an" before "closed insured bank" each place such terms appear and inserting in lieu thereof "a"; (C) by striking out "in default insured depository institu- tion" each place such term appears and inserting in lieu thereof "insured depository institution in default"; (D) in paragraph (2)(A)— (i) by striking out "such insured institution" and "an insured depository institution" and inserting in lieu thereof "such other insured depository institution" and "another insured depository institution", respectively; (ii) by inserting "any or all of the" after "the sale of; and (iii) by striking out "and the assumption" and insert- ing in lieu thereof "or the assumption of any or all"; (E) by adding at the end of paragraph (2) the following: "(C) Any action to which the Corporation is or becomes a party by acquiring any asset or exercising any other authority set forth in this section shall be stayed for a period of 60 days at the request of the Corporation."; (F) in paragraph (3), by striking out "section 13(0 of this Act" and inserting in lieu thereof "subsection (0 or (k) of this section"; (G) in paragraph (4)— (i) by striking out "banking" and inserting in lieu thereof "depository"; and (ii) by inserting at the end of subparagraph (A) the following: "In calculating the cost of assistance, the Corporation shall include (i) the immediate and long- term obligations of the C]!orporation with respect to such assistance, including contingent liabilities, and (ii) the Federal tax revenues foregone by the Government, to the extent reasonably ascertainable."; and (H) by striking out paragraph (8); (I) by redesignating paragraphs (6) and (7) as paragraphs (7) and (8), respectively; and (J) by inserting after paragraph (5) the following: "(6) The transfer of any assets or liabilities associated with any trust business of an insured depository institution in default under subparagraph (2)(A) shall be effective without any State or Federal approval, assignment, or consent with respect thereto."; and (K) by adding at the end the following: "(9) Payments made under this subsection shall be made—

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