Page:United States Statutes at Large Volume 104 Part 5.djvu/511

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3833 "SEC. 2.6. LIENS ON STOCK. 7 USC 2076a. "Except with regard to stock or participation certificates held by other Farm Credit System institutions, each production credit association shall have a first lien on stock and participation certificates the association issues, on allocated surplus, and on investments in equity reserve, for any indebtedness of the holder of the capital investments and, in the case of equity reserves, for charges for association losses in excess of reserves and surpluses.". SEC. 1834. INSURANCE SERVICES. Section 4.29 (12 U.S.C. 2218) is amended— (1) in subsection (a)(2)— (A) in the first sentence, by inserting before the period at the end the following: ", if more than two insurers for each type of insurance have proposed programs to a bank that will, in all likelihood, have long-term viability and meet the requirements of subsection (b)(2)(D)"; and (B) in the third sentence, by inserting before the period at the end the following: ", if at least two insurers have been s approved in accordance with this paragraph"; and (2) in subsection (b)(2)(E), by inserting before the semicolon at the end the following: ", if at least two insurers have been approved in accordance with subsection (a)(2)". SEC. 1835. CLARIFICATION OF CONTENTS OF CERTIFIED STATEMENTS. Subsection (a) of section 5.56 (12 U.S.C. 2277a-5(a)) is amended to read as follows: "(a) FiuNG CERTIFIED STATEMENT.—Annually, on a date to be determined in the sole discretion of the Board of Directors, each insured System bank that became insured before the beginning of the year shall file with the Corporation a certified statement showing— (1) the annual average principal outstanding on loans made by the bank that are in accrual status, including the nonguaranteed portions of government-guaranteed loans; "(2) the annual average principal outstanding on the guaranteed portion of Federed Government-guaranteed loans (as defined in section 5.55(a)(2)) that are in accrual status; "(3) the annual average principal outstanding on State government-guaranteed loans (as defined in section 5.55(a)(2)) that are in accrual status; "(4) the annual average principal outstanding on loans that are in nonaccrual status; and "(5) the amount of the premium due the Corporation from the bank for the year.". SEC. 1836. TERMINATION DATE FOR FARM CREDIT SYSTEM ASSISTANCE BOARD. (a) USE OF INSURANCE FUND.— Section 5.60(c) (12 U.S.C. 2277a-9(c)) is amended— (1) in paragraph (1), by striking "5 years after the date of the enactment of this part' and inserting "January 1, 1993"; and (2) in paragraph (2), by striking "5 years after the date of enactment of this part" and inserting "January 1, 1993". (b) POWERS OF CORPORATION WITH RESPECT TO TROUBLED INSURED SYSTEM BANKS. —Section 5.61(f) (12 U.S.C. 2277a-10(f)) is amended by

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