Page:United States Statutes at Large Volume 92 Part 3.djvu/1050

 92 STAT. 3682

PUBLIC LAW 95-630—NOV. 10, 1978

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(2) by striking "share, share certificate, or share deposit" each time it appears therein and inserting "share or share certificate" ' H^, ' > in lieu thereof; "'••" "-'^ (3) by striking "those" and inserting "share or share certificate" • -• • -' i n lieu thereof; and (4) by striking all language after "political subdivisions thereof" and inserting "enumerated in section 207 of this Act: Provided, That for purposes of insured State credit unions, reference in this paragraph to 'share' or 'share certificate' accounts includes, as determined by the Board, the equivalent of such accounts under State law; " in lieu thereof, (c) Paragraph (9) of section 101 of the Federal Credit Union Act (12 U.S.C. 1752), as redesignated by (a) of this section, is amended

(1) inserting ", including the trust territories," after "several territories"; and "Branch." (2) adding the following new sentence: " The term 'branch' iM.,.«.,v)-i also includes a suboffice, operated by a Federal credit union or by a credit union authorized by the Department of Defense, located on an American military installation in a foreign country or in the trust territories of the United States.". SEC. 504. (a) Subsection (a) of section 201 of the Federal Credit Kc:i.}:•: ' 1:1 Union Act (12 U.S.C. 1781) is amended by inserting ", including the trust territories," after "several territories". (b) Paragraph (b)(7) of such section is amended by inserting "except for accounts authorized by State law for State credit unions" before the semicolon. (c) Such section is further amended by striking all of subsection (d) and redesignating subsection (e) as (d). SEC. 505. (a) Section 202 of the Federal Credit Union Act (12 U.S.C. 1782) is amended by strikin^ir o u t " h i s " in the fifth sentence of paragraph (a)(1) and inserting "such officer's" in lieu thereof. (b) Subsection (h)(3) o f such section is amended to read as follows: /'Member " (3) The term 'member account' when applied to the premium account." jjj charge for insurance of accounts shall not include amounts received from other federally insured credit unions in excess of the insured account limit set forth in section 207(c)(1).". SEC. 506. Section 208 of the Federal Credit Union Act (12 U.S.C. 1788) is amended by striking out "SPECIAL ASSISTANCE TO AVOID LIQUIDAT I O N " and inserting "SPECIAL ASSISTANCE FOR FEDERALLY INSURED

CREDIT U N I O N S " in lieu thereof.

SEC. 507. Section 105 of the Federal Credit Union Act (12 U.S.C. 1755) is amended to read as follows: •tih'y

Rules.

'FEES

" SEC. 105. (a) I n accordance with rules prescribed by the Board, each Federal credit union shall p a y to the Administration an annual operating fee which may be composed of one or more charges identified as to the function or functions for which assessed. " (b) The fee assessed under this section shall be determined according to a schedule, or schedules, or other method determined by the Board to be appropriate, which gives due consideration to the expenses of the Administration in carrying out its responsibilities under this Act and to the ability of Federal credit unions to pay the fee. The Board shall, among other things, determine the periods for which the fee shall be assessed and the date or dates for the payment of the fee or increments thereof.

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