Page:United States Statutes at Large Volume 106 Part 5.djvu/431

 PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 4069 (2) PROCEDURES IEIELATED TO EACH DISCLOSURE REPORT.— Upon receipt of a report in accordance with subsection (a)(D, the appropriate Federal banking agency shall— (A) consiilt with the agency or instrumentality that made the disclosure regarding the adequacy of the procedures established pursuant to paragraph (1), and (B) adjust the procedures to ensure adequate protection of the information, disclosed. (c) EFFECT ON AGENCIES. — This section does not impose an affirmative duty on the Attorney General, the Secretary of the Treasury, or the head of any agency or instrumentality of the United States to collect new or to review existing information. (d) DEFINITIONS. —For purposes of this section, the terms "appropriate Federal banldng agency" and "depository institution" have the same meanings as in section 8 of the Federal Deposit Insurance Act. (e) REPORT.— The Attorney General and the Secretary of the Treasury shall report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives, not later than 90 days after the end of each calendar year on their utilization of the exceptions provided in subsection (a)(l)(B). SEC. 1643. IMMUNITY. Section 6001(1) of title 18, United States Code, is amended by inserting "the Board of Governors of the Federal Reserve System," after ^he Atomic Energy Commission,". SEC. 1544. INTERAGENCY INFORMATION SHARING. Section 11 of the Federal Deposit Insurance Act (12 U.S.C. 1821) is amended by adding at the end the following new subsection: "(t) AGENCIES MAY SHARE INFORMATION WITHOUT WAIVING PRIVILEGE. — "(1) IN GENERAL. — ^A covered agency shall not be deemed to have waived any privilege applicable to any information by transferring that information to or permitting that information to be used by— "(A) any other covered agency, in any capacity; or "(B) any other agency of the Federal Government (as defined in section 6 of title 18, United States Code). " (2) DEFINITIONS. —For purposes of this subsection: "(A) COVERED AGENCY. —The term 'covered agency* means any of the following: "(i) Any appropriate Federal banking agency, " (ii) The Resolution Trust Corporation, "(iii) The Farm Credit Administration, "(iv) The Farm Credit System Insurance Corporation. "(v) The National Credit Union Administration. "(B) PRIVILEGE.— The term 'privilege* includes any work-product, attorney-client, or other privilege recognized under Federal or State law. "(3) RULE OF CONSTRUCTION. — Paragraph (1) shall not be construed as implying that any person waives any privilege applicable to any information becaiise paragraph (1) does not apply to the transfer or use of that information.".

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