Page:United States Statutes at Large Volume 96 Part 2.djvu/112

 96 STAT. 1474

PUBLIC LAW 97-320—OCT. 15, 1982

(1) in the second sentence thereof, by inserting after "district bank," the following: "to the Federal Home Loan Bank Board in the case of an insured Federal savings bank,"; and (2) in the third sentence thereof, by inserting after "national bank," the following: "or the Federal Home Loan Bank Board in the case of an insured Federal savings bank,". (h) Section 8(o) of the Federal Deposit Insurance Act (12 U.S.C. 1818(o)) is amended by inserting at the end thereof the following: "Whenever the insured status of an insured Federal savings bank shall be terminated by action of the Board of Directors, the Federal Home Loan Bank Board shall appoint a receiver for the bank, which shall be the Corporation.". (i) Section 10(b) of the Federal Deposit Insurance Act (12 U.S.C. 18200t>)) is amended in the second sentence thereof by inserting after "or District bank," the following: "or any insured Federal savings bank,". (j) Section 11(c) of the Federal Deposit Insurance Act (12 U.S.C. 1821(c)) is amended by inserting at the end thereof the following: "Notwithstanding any other provision of law, whenever the Federal Home Loan Bank Board shall appoint a receiver, other than a conservator, of any insured Federal savings bank hereafter closed, it shall appoint the Corporation receiver for such closed insured Federal savings bank.". (k) Section 11(g) of the Federal Deposit Insurance Act (12 U.S.C. 1821(g)) is amended in the first sentence by inserting after "District bank," the following: "or closed insured Federal savings bank,". (1) Section 12(a) of the Federal Deposit Insurance Act (12 U.S.C. 1822(a)) is amended by inserting after "foreign bank," the following: "insured Federal savings bank,". (m) Section 13 of the Federal Deposit Insurance Act (12 U.S.C. 1823) is amended— (1) by redesignating subsections (f) and (g) as subsections (g) and (h), respectively; and (2) in subsection (e)— (A) by inserting "(e)" before "No agreement"; and (B) by striking out the first paragraph of such subsection, (n) Section 18(c) of the Federal Deposit Insurance Act (12 U.S.C. 1828(c)) is amended by inserting at the end thereof the following: "(12) The provisions of this subsection shall not apply to any merger transaction involving an insured Federal savings bank unless the resulting institution will be an insured bank other than an insured Federal savings bank.". (o) Section 18(j) of the Federal Deposit Insurance Act (12 U.S.C. 1828(j)) is amended by adding at the end thereof the following: "(4) The provisions of this subsection shall not apply to an insured Federal savings bank.". (p) Section 26 of the Federal Deposit Insurance Act (12 U.S.C. 1831c) is amended— (1) by inserting "(a)" after "Sec. 26."; (2) in subsection (a), as so redesignated under paragraph (1), by adding at the end thereof the following: "The provisions of this subsection shall apply only to mergers, consolidations, or conversions consummated and effective prior to the effective date of the Depository Institutions Amendments of 1982 or mergers, consolidations, or conversions for which applications have been received at a regional Federal Home Loan Bank prior to such effective date."; and

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