Page:United States Statutes at Large Volume 106 Part 5.djvu/448

 106 STAT. 4086 PUBLIC LAW 102-550—OCT. 28, 1992 transferred and so redesignated by section 1603(a)(3) of this title) the following new paragraph: "(7) COMMUNITY ENTERPRISE CREDITS. —The Corporation shall allow a credit against any semiannual assessment to any insured depository institution which satisfies the requirements of the Community Enterprise Assessment Credit Board under section 233(a)(l) of the Bank Enterprise Act of 1991 in the amount determined by such Board by regulation.". (7) Effective on the effective date of the amendment made by section 302(e)(4) of the Federal Deposit Insurance Corporation Improvement Act of 1991 (as so redesignated by paragraph (5)(A) of this subsection), section 233 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (12 U.S.C. 1834a) is amended— (A) in subsection (a)(l)(A), by striking •'7(d)(4) and inserting "7(b)(7); (B) in subsection (a)(3), by striking "7(d)(4) and inserting "7(b)(7); and (C) in subsection (e)(2), by striking "made for purposes of the notification required under section 7(d)(l)(B)'' and inserting "of the semiannual assessment to which such credit is applicable". (8) Section 24(e)(l)(B) of the Federal Deposit Insurance Act (12 U.S.C. 1831a) (as added by section 303(a) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended to read as follows: "(B) meets applicable consumer disclosure requirements with respect to such insurance.". (9) The subsection of section 18 of the Federal Deposit Insurance Act which was added by section 305(a) of the Federal Deposit Insurance Corporation Improvement Act of 1991 and designated as subsection (o) (relating to periodic review of cap- 12 USC 1828. ital standards) is hereby redesignated as subsection (p). (10) Section 22(h)(6)(B)(i) of the Federal Reserve Act (12 U.S.C. 375b) (as amended by section 306(a) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended by striking "and" after the semicolon and inserting "or". (11) Section 8(t) of the Federal Deposit Insurance Act (12 U.S.C. 1818(t)) (as added by section 307 of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended— (A) in paragraph (2)(B), by inserting "or institutionaffiliated party after "institution" each place such term appears; (B) in paragraph (2)(C), by striking "institution's" the 1st place such term appears; and (C) in paragraph (5), by inserting "or institution-affiliated party" after "depository institution". (b) AMENDMENTS RELATING TO SUBTITLE B. — (1) Section 7(b)(6) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(6)) is amended— (A) by striking subparagraph (D), as added by section 311(a)(2)(C) of the Federal Deposit Insurance Corporation Improvement Act of 1991; and (B) by inserting after subparagraph (C) the following hew subparagraph: -

�