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78"*statr 23^?^'

64 Stat. 1267. c<!^gres*s!°

PUBLIC LAW 89-695-OCT. 16, 1966

[80 STAT.

and installations appropriate for the educational functions of such facilities; (5) include such other conditions as the Secretary, after consultation with the National Advisory Committee on Education of the Deaf, deems necessary to carry out the purposes of this Act; and (6) provide that any laborer or mechanic employed by any contractor or subcontractor in the performance of work on any construction aided by Federal funds appropriated for the benefit of the model secondary school will be paid wages at rates not less than those prevailing on similar construction in the locality as determined by the Secretary of Labor in accordance with the Davls-Bacon Act, as amended (40 U.S.C. 276a—276a-5); and the Secretary of Labor shall have, with respect to the labor standards specified in this paragraph, the authority and functions set forth in Keorganization Plan Numbered 14 of 1950 (15 F.R. 3176; 5 U.S.C. 133z-15) aud section 2 of the Act of June 13, 1934, as amended (40 U.S.C. 276c). (c). Th® Secretary shall submit the annual report of the college (required by clause (3) of subsection (b)) to the Congress with such comments and recommendations as he may deem appropriate. Approved October 15, 1966.

Public Law 89-695 October 16, 1966 [s. 3158]

A^N ACT To Strengthen the regulatory and supervisory authority of Federal agencies • over insured banks and insured savings and loan associations, and for other purposes.

Be it enacted by the Senate and House of Representatives of the Financial insti- United States of America in Congress assembled, That this Act may v"is'or"AcTor be cited as the "Financial Institutions Supervisory Act of 1966". 1966.

TITLE I — PROVISIONS R E L A T I N G TO THE FEDERAL H O M E LOAN B A N K B O A R D A N D THE FEDERAL SAVI N G S A N D LOAN INSURANCE CORPORATION 68 Stat. 634.

SEC. 101. (a) Subsection (d) of section 5 of the Home Owners' Loan Act of 1933 (12 U.S.C. 1464(d)) is hereby amended to read as follows: " (d)(1) The Board shall have power to enforce this section and rules and regulations made hereunder. I n the enforcement of any. provision of this section or rules and regulations made hereunder, or any other law or regulation, or in any other action, suit, or proceeding to which it is a party or in which it is interested, and in the administration of conservatorships and receiverships, the Board is author-

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