Page:United States Statutes at Large Volume 105 Part 3.djvu/482

 105 STAT. 2366 PUBLIC LAW 102-242—DEC. 19, 1991 before the 2-year period beginning on the date of the enactment of this Act. (5) TECHNICAL AND CONFORMING AMENDMENTS. — (A) Section 3(m) of the Federal Deposit Insurance Act (12 U.S.C. 1813(m)) is amended by striking "(m)(D" and all that follows through paragraph (1) and inserting the following: "(m) INSURED DEPOSIT. — "(1) IN GENERAL. —Subject to paragraph (2), the term 'insured deposit' means the net amount due to any depositor for deposits in an insured depository institution as determined under sections 7(i) and 11(a).". (B) Section 11(a)(2)(A) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(2)(A)) is amended by striking "his deposit shall be insured" and inserting "such depositor shall, for the purpose of determining the amount of insured deposits under this subsection, be deemed a depositor in such custodial capacity separate and distinct from any other officer, employee, or agent of the United States or any public unit referred to in clause (ii), (iii), (iv), or (v) and the deposit of any such depositor shall be insured in an amount not to exceed $100,000 per account". (C) The 2d subparagraph of section 11(a)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)(2)) is amended by striking "(b)" and inserting "(B)". 12 USC 1821 (c) EFFECTIVE DATE.— "* ' (1) IN GENERAL.— Except as provided in paragraph (2), the amendments made by subsection (a) and paragraphs (2) and (3) of subsection (b) shall take effect at the end of the 2-year period beginning on the date of the enactment of this Act, (2) APPLICATION TO TIME DEPOSITS.— (A) CERTAIN DEPOSITS EXCLUDED, —Except with respect to the amendment referred to in paragraph (3), the amendments made by subsections (a) and (b) shall not apply to any time deposit which— (i) was made before the date of enactment of this Act; and (ii) matures after the end of the 2-year period referred to in paragraph (1). (B) ROLLOVERS AND RENEWALS TREATED AS NEW DEPOSIT,— Any renewal or rollover of a time deposit described in subparagraph (A) after the date of the enactment of this Act shall be treated as a new deposit which is not described in such subparagraph. (3) EFFECTIVE DATE FOR AMENDMENT RELATING TO CERTAIN EMPLOYEE PLANS. — (A) Section 11(a)(1)(B) of the Federal Deposit Insurance Act (as amended by subsection (b)(1) of this section) shall take effect on the earlier of— (i) the date of the enactment of this Act; or (ii) January 1, 1992. (B) Section 11(a)(3)(A) of the Federal Deposit Insurance Act (as amended by subsection (b)(2) of this section) shall take effect on the earlier of the dates described in clauses (i) and (ii) of subparagraph (A) with respect to plans described in clause (ii) of such section. 12 USC 1821 (d) INFORMATIONAL STUDY,— note.

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