Page:United States Statutes at Large Volume 124.djvu/1548

 124 STAT. 1522 PUBLIC LAW 111–203—JULY 21, 2010 (B) COMPTROLLER OF THE CURRENCY.—Except as pro- vided in paragraph (1) and subparagraph (A)— (i) there are transferred to the Office of the Comp- troller of the Currency and the Comptroller of the Currency— (I) all functions of the Office of Thrift Super- vision and the Director of the Office of Thrift Supervision, respectively, relating to Federal savings associations; and (II) all rulemaking authority of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision, respectively, relating to savings associations; and (ii) the Office of the Comptroller of the Currency and the Comptroller of the Currency shall succeed to all powers, authorities, rights, and duties that were vested in the Office of Thrift Supervision and the Director of the Office of Thrift Supervision, respec- tively, on the day before the transfer date relating to the functions and authority transferred under clause (i). (C) CORPORATION.—Except as provided in paragraph (1) and subparagraphs (A) and (B)— (i) all functions of the Office of Thrift Supervision and the Director of the Office of Thrift Supervision relating to State savings associations are transferred to the Corporation; and (ii) the Corporation shall succeed to all powers, authorities, rights, and duties that were vested in the Office of Thrift Supervision and the Director of the Office of Thrift Supervision on the day before the transfer date relating to the functions transferred under clause (i). (c) CONFORMING AMENDMENTS.—Section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813) is amended— (1) in subsection (q), by striking paragraphs (1) through (4) and inserting the following: ‘‘(1) the Office of the Comptroller of the Currency, in the case of— ‘‘(A) any national banking association; ‘‘(B) any Federal branch or agency of a foreign bank; and ‘‘(C) any Federal savings association; ‘‘(2) the Federal Deposit Insurance Corporation, in the case of— ‘‘(A) any State nonmember insured bank; ‘‘(B) any foreign bank having an insured branch; and ‘‘(C) any State savings association; ‘‘(3) the Board of Governors of the Federal Reserve System, in the case of— ‘‘(A) any State member bank; ‘‘(B) any branch or agency of a foreign bank with respect to any provision of the Federal Reserve Act which is made applicable under the International Banking Act of 1978; ‘‘(C) any foreign bank which does not operate an insured branch;