Page:United States Statutes at Large Volume 92 Part 3.djvu/1061

 PUBLIC LAW 95-630—NOV. 10, 1978

92 STAT. 3693

"(2) the amount of indebtedness to the bank maintaining the correspondent account outstanding as of a date not more than ten days prior to the date of filing of such report of (a) such executive officer or stockholder of record, (b) each company controlled by such executive officer or stockholder, or (c) each political or campaign committee the funds or services of which will benefit such executive officer or stockholder; "(3) the range of interest rates charged on such indebtedness of such executive officer or stockholder of record; and "(4) the terms and conditions of such indebtedness of such executive officer or stockholder of record, "(ii) Each insured bank shall compile the reports filed pursuant to Reports subparagraph (G)(i) and forward such compilation to the Comp- compilation, troller of the Currency in the case of a national bank, the Board in the case of a State member bank, and the Federal Deposit Insurance Corporation in the case of an insured nonmember State bank. "(iii) Each insured bank shall include in the report required to be made under subsection (k)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1817(k)(l)) a list by name of each executive officer or stockholder of record who directly or indirectly owns, controls, or has the power to vote more than 10 per centum of any class of voting securities of the bank who files information required by subparagraph (G)(i) and the aggregate amount of all extensions of credit by correspondent banks to such executive officers or stockholders of record, any company controlled by such executive officers or stockholders, and any political or campaign committee the funds or services of which will benefit such executive officers or stockholders, or which is controlled by such executive officers or stockholders.". TITLE IX—DISCLOSUEE OF MATERIAL FACTS SEC. 901. Section 7 of the Federal Deposit Insurance Act (12 U.S.C. f 1817) is amended by adding at the end thereof the following new subsection: "(k)(1) Each insured bank shall make to the appropriate Federal Annual report banking agency an annual report which shall contain the following information with respect to the preceding calendar year: " (A) A list by name of each stockholder of record who directly or indirectly owns, controls, or has the power to vote more than 10 per centum of any class of voting securities of the bank. "(B) A list by name of each executive officer or stockholder of record who directly or indirectly owns, controls, or has the power to vote more than 10 per centum of any class of voting securities of the bank and the aggregate amount of all extensions of credit by such bank during such year to: (i) such executive officers or stockholders of record, (ii) any company controlled by such executive officers, or stockholders, or (iii) any political or campaign committee the funds or services of which will benefit such executive officers or stockholders, or which is controlled by such executive officers or stockholders, " (2) For purposes of this subsection, the term 'executive officer' shall "Executive have the same meaning given it under section 22(g) of the Federal officer." 12 USC 375a. Reserve Act. "(3) The appropriate Federal banking agencies are authorized to Rules and issue rules and regulations to carry out this subsection, including regulations. authority to incorporate the information required to be filed by this

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