Page:United States Statutes at Large Volume 94 Part 1.djvu/194

 94 STAT. 144

PUBLIC LAW 96-221—MAR. 31, 1980 (3) findings concerning disintermediation of savings deposits from insured banks and insured thrift institutions to uninsured money market innovators paying market rates to savers; and (4) recommendations for such legislative and administrative actions as the member involved considers necessary to maintain the economic viability of depository institutions. TERMINATIONS

Repeals. 12 USC 3506.

Post, p. 161. Post, p. 168.

SEC. 207. (a) Section 7 of Public Law 89-597 (12 U.S.C. 461 note) is hereby repealed. Ob) Effective upon the expiration of 6 years after the date of enactment of this Act— (1) section 102 of Public Law 94-200 (12 U.S.C. 461 note) is hereby repealed; (2) the second sentence of section 18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1828(g)(1)) is amended by striking out "payment and" and by striking out ", including limitations on the rates of interest and dividends that may be paid"; (3) the third, fifth, and eighth sentences of section 18(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1828(g)(1)) are hereby repealed; (4) the first sentence of section 19(j) of the Federal Reserve Act (12 U.S.C. 371b) is amended by striking out "payment and" and by striking out ", including limitations on the rates of interest which may be paid"; (5) the second sentence of section 19(j) of the Federal Reserve Act (12 U.S.C. 371b) is hereby repealed; (6) the third sentence of section 19(j) of the Federal Reserve Act (12 U.S.C. 371b) is amended by striking out "No member bank" and all that follows through "Provided, That, the" and inserting in lieu thereof "The"; (7) the first sentence of section 5B(a) of the Federal Home Loan Bank Act (12 U.S.C. 1425b(a)) is amended by striking out "payment and" and by striking out ", including limitations on the rates of interest or dividends on deposits, shares, or withdrawable accounts that may be paid"; (8) the second and fourth sentences of section 5B(a) of the Federal Home Loan Bank Act (12 U.S.C. 1425b(a)) are hereby repealed; (9) the third sentence of section 5B(a) of the Federal Home Loan Bank Act (12 U.S.C. 1425b(a)) is amended by striking out ", including specifically the authority" and all that follows through "of that authority"; (10) section 117 of the Federal Credit Union Act (12 U.S.C. 1763) is amended by striking out ", pursuant to such regulations as may be issued by the Board,"; (11) section 501(a)(2) of the Depository Institutions Deregulation and Monetary Control Act of 1980 is amended by striking out "(A)" and by striking out subparagraph (B); (12) section 527 of the Depository Institutions Deregulation and Monetary Control Act of 1980 is amended by striking out ", except as provided in section 501(a)(2)(B)"; and (13) Public Law 93-123 (12 U.S.C. 371b note) is hereby repealed. ENFORCEMENT

12 USC 3507.

SEC. 208. (a) Compliance with the regulations issued by the Deregulation Committee under this title shall be enforced under—

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