Page:United States Statutes at Large Volume 92 Part 3.djvu/1042

 92 STAT. 3674

PUBLIC LAW 95-630—NOV. 10, 1978

(1) A depository institution or depository holding company which has been placed formally in liquidation, or which is in the h and s of a receiver, conservator, or other oiiicial exercising a similar function. 12 USC (2) A corporation operating under section 25 or 25A of the 601-604a, Federal Reserve Act. 611-632. (3) A credit union being served by a management official of another credit union. (4) A depository institution or depository holding company which does not do business within any State of the United States, the District of Columbia, any territory of the United States, P u e r to Rico, Guam, American Samoa, or the Virgin Islands except as an incident to its activities outside the United States. (5) A State-chartered savings and loan g u a r a n t y corporation. (6) A Federal H o m e Loan Bank or any other bank organized specifically to serve depository institutions. Ii2 USC 3205. SEC. 206. A person whose service in a position as a management official began prior to the date of enactment of this title and was not immediately prior to the date of enactment of this title in violation of 15 USC 19. section 8 of the Clayton Act is not prohibited by section 203 or section 204 of this title from continuing to serve in that position for a period of ten years after the date of enactment of this title. The appropriate Federal banking agency (as set forth in section 209) may provide a reasonable period of time for compliance with this title, not exceeding fifteen months, after any change in circumstances which makes such service prohibited by this title. Administration SEC. 207. This title shall be administered and enforced by— and enforcement. (1) the Comptroller of the Currency with respect to national 12 USC 3206. banks and banks located in the District of Columbia, (2) the B o a r d of Governors of the Federal Reserve System with respect to State banks which are members of the Federal Reserve System, and bank holding companies, (3) the B o a r d of Directors of the Federal Deposit Insurance Corporation with respect to State banks which are not members of the Federal Reserve System but the deposits of which are insured by the Federal Deposit Insurance Corporation, (4) the Federal H o m e Loan B a n k Board with respect to institutions the accounts of which are insured by the Federal Savings and Loan Insurance Corporation, and savings and loan holding companies, (5) the National Credit Union Administration with respect to credit unions the accounts of which are insured by the National Credit Union Administration, and (6) Upon referral by the agencies named in the foregoing paragraph s (1) through (5), the Attorney General shall have the authority to enforce compliance by any person with this title. SEC. 208. (a) Section 8(e) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)) is amended by a d d i n g at the end thereof the following new paragraph: 'Officer" and " (5) For the purpose of enforcing any law, rule, regulation, or 'director." cease-and-desist order in connection with an interlocking relationship, the term 'officer' as used in this subsection means an employee or officer with management functions, and the term 'director' includes an advisory or honorary director, a trustee of a bank under the control of .••^ J trustees, or any person who has a representative or nominee serving in any such capacity.".

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