Page:United States Statutes at Large Volume 119.djvu/3632

 119 STAT. 3614

PUBLIC LAW 109–173—FEB. 15, 2006

(A) by striking ‘‘Bank Insurance Fund member’’ each place that term appears and inserting ‘‘insured depository institution’’; (B) by striking ‘‘Bank Insurance Fund members’’ each place that term appears and inserting ‘‘insured depository institutions’’; (C) by striking ‘‘Bank Insurance Fund’’ each place that term appears (other than in connection with a reference to a term amended by subparagraph (A) or (B) of this paragraph) and inserting ‘‘Deposit Insurance Fund’’; (D) by striking the subsection heading and inserting the following: ‘‘(d) BORROWING FOR THE DEPOSIT INSURANCE FUND FROM INSURED DEPOSITORY INSTITUTIONS.—’’; (E) in paragraph (3), in the paragraph heading, by striking ‘‘BIF’’ and inserting ‘‘THE DEPOSIT INSURANCE FUND’’; and (F) in paragraph (5), in the paragraph heading, by striking ‘‘BIF MEMBERS’’ and inserting ‘‘INSURED DEPOSITORY INSTITUTIONS’’; (24) in section 14 (12 U.S.C. 1824), by adding at the end the following new subsection: ‘‘(e) BORROWING FOR THE DEPOSIT INSURANCE FUND FROM FEDERAL HOME LOAN BANKS.— ‘‘(1) IN GENERAL.—The Corporation may borrow from the Federal home loan banks, with the concurrence of the Federal Housing Finance Board, such funds as the Corporation considers necessary for the use of the Deposit Insurance Fund. ‘‘(2) TERMS AND CONDITIONS.—Any loan from any Federal home loan bank under paragraph (1) to the Deposit Insurance Fund shall— ‘‘(A) bear a rate of interest of not less than the current marginal cost of funds to that bank, taking into account the maturities involved; ‘‘(B) be adequately secured, as determined by the Federal Housing Finance Board; ‘‘(C) be a direct liability of the Deposit Insurance Fund; and ‘‘(D) be subject to the limitations of section 15(c).’’; (25) in section 15(c)(5) (12 U.S.C. 1825(c)(5))— (A) by striking ‘‘the Bank Insurance Fund or Savings Association Insurance Fund, respectively’’ each place that term appears and inserting ‘‘the Deposit Insurance Fund’’; and (B) in subparagraph (B), by striking ‘‘the Bank Insurance Fund or the Savings Association Insurance Fund, respectively’’ and inserting ‘‘the Deposit Insurance Fund’’; (26) in section 17(a) (12 U.S.C. 1827(a))— (A) in the subsection heading, by striking ‘‘BIF, SAIF,’’ and inserting ‘‘THE DEPOSIT INSURANCE FUND’’; and (B) in paragraph (1)— (i) by striking ‘‘the Bank Insurance Fund, the Savings Association Insurance Fund,’’ each place that term appears and inserting ‘‘the Deposit Insurance Fund’’; and (ii) in subparagraph (D), by striking ‘‘each insurance fund’’ and inserting ‘‘the Deposit Insurance Fund’’;

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