Page:United States Statutes at Large Volume 105 Part 3.djvu/506

 105 STAT. 2390 PUBLIC LAW 102-242 —DEC. 19, 1991 " (i) FACTORS TO BE CONSIDERED; APPROVAL PROCESS.— In reviewing any application for a proposed transaction under subparagraph (A), the responsible agency (and, in the event the acquiring, assuming, or resulting depository institution is a Bank Insurance Fund member which is a subsidiary of a bank holding company, the Board) shall follow the procedures and consider the factors set forth in section 18(c). " (ii) INFORMATION REQUIRED.— An application to engage in any transaction under this paragraph shall contain such information relating to the factors to be considered for approval as the responsible agency or Board may require, by regulation or by specific request, in connection with any particular application. "(iii) No TRANSFER OF DEPOSIT INSURANCE PER- MITTED. —T his paragraph shall not be construed as authorizing transactions which result in the transfer of any insured depository institution's Federal deposit insurance from 1 Federal deposit insurance fund to the other Federal deposit insurance fund. "(iv) MINIMUM CAPITAL. —The responsible agency, and the appropriate Federal banking agency for any depository institution holding company, shall disapprove any application for any transaction under this paragraph unless each such agency determines that the acquiring, assuming, or resulting depository institution, and any depository institution holding company which controls such institution, will meet all applicable - capital requirements upon consummation of the transaction. "(F) CERTAIN INTERSTATE TRANSACTIONS.— The Board may not approve any transaction under subparagraph (A) in which the acquiring, assuming, or resulting depository institution is a Bank Insurance Fund member which is a subsidiary of a bank holding company unless the Board determines that the transaction would comply with the requirements of section 3(d) of the Bank Holding Company Act of 1956 if, at the time of such transaction, the Savings Association Insurance Fund member involved in such transaction was a State bank that the bank holding company was applying to acquire. ( "(G) EXPEDITED APPROVAL OF ACQUISITIONS.— "(i) IN GENERAL.— Any application by a State nonmember insured bank to acquire another insured depository institution that is required to be filed with the Corporation by subparagraph (A) or any other applicable law or regulation shall be approved or disapproved in writing by the Corporation before the end of the 60-day period beginning on the date such application is filed with the Corporation. "(ii) EXTENSIONS OF PERIOD. —The period for approval or disapproval referred to in clause (i) may be extended for an additional 30-day period if the Corporation determines that— "(I) an applicant has not furnished all of the information required to be submitted; or

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