Page:United States Statutes at Large Volume 96 Part 2.djvu/164

 96 STAT. 1526

12 USC 3201 note.

PUBLIC LAW 97-320—OCT. 15, 1982

(A) by redesignating paragraphs (3) through (5) as paragraphs (4) through (6), respectively, and by inserting after paragraph (2) the following new paragraph: "(3) Whenever, in the opinion of the appropriate Federal banking agency, any director or officer of an insured bank has committed any violation of the Depository Institution Management Interlocks Act, the agency may serve upon such director or officer a written notice of its intention to remove him from office."; and (B) by striking out "or (2)" each place it appears in paragraph (4), as redesignated, and inserting in lieu thereof ", (2), or (3)". (2) Section 8(f) of the Federal Deposit Insurance Act (12 U.S.C. 1818(f)) is amended by striking out "(e)(5) or (e)(7)" and "(e)(1), (e)(3), or (e)(7)" and inserting in lieu thereof "(e)(4)" and "(e)(1), (e)(2), or (e)(3)" respectively. (3) Section 8(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(g)(1)) is amended by striking out "or (3)" in the penultimate sentence and inserting in lieu thereof ", (3), or (4)". (4) Section 8(j) of the Federal Deposit Insurance Act (12 U.S.C. 1818(j)) is amended by striking out "(e)(3), (e)(4)" and inserting in lieu thereof "(e)(4), (e)(5)". CORRESPONDENT ACCOUNTS

Rules and regulations.

Definitions.

SEC. 428. (a) Section 106(b)(2) of the Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1972(2)) is amended— (1) by inserting in subparagraph (A) after the phrase "such other bank" the phrase "or to any related interest of such person"; (2) by inserting in subparagraph (B) after the phrase "desiring to open the account" the phrase "or to any related interest of such person"; (3) by inserting in subparagraph (C) after the phrase "such other bank" the phrase "or to any related interest of such person"; and (4) by inserting in subparagraph (D) after the phrase "another bank" the phrase "or to any related interest of such person". (b) Section 106(b)(2)(G) of the Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1972(2)(G)) is amended— (1) by striking out subparagraph (ii) and inserting in lieu thereof the following: "(ii) The appropriate Federal banking agencies are authorized to issue rules and regulations, including definitions of terms, to require the reporting and public disclosure of information by any bank or executive officer or principal shareholder thereof concerning any extension of credit by a correspondent bank to the reporting bank's executive officers or principal shareholders, or the related interests of such persons."; and (2) by striking out subparagraph (iii). (c) Section 106(b)(2) of the Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1972(2)) is amended by adding at the end thereof the following: "(H) For the purpose of this paragraph— "(i) the term 'bank' includes a mutual savings bank; "(ii) the term 'related interests of such persons' includes any company controlled by such executive officer, director, or person, or any political or campaign committee the funds or services of which will benefit such executive officer.

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