Page:United States Statutes at Large Volume 97.djvu/1299

 PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1267 areas, or consolidated metropolitan statistical areas that are not comprised of designated primary metropolitan statistical areas", (c) Section 203(1) of the Depository Institutions Management In- terlocks Act (12 U.S.C. 3202(1)) is amended by striking out "standard metropolitan statistical area" and inserting in lieu thereof "primary metropolitan statistical area, the same metropolitan statistical area, or the same consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas". MEMBERS TO SERVE UNTIL SUCCESSORS ARE APPOINTED SEC. 702. (a) Section 2 of the Federal Deposit Insurance Act (12 U.S.C. 1812) is amended by inserting after the third sentence the following: "Each such appointive member may continue to serve after the expiration of his term until a successor has been appointed and qualified.". (b) Section 17(a) of the Federal Home Loan Bank Act (12 U.S.C. 1436(a)) is amended by adding at the end thereof the following: "Upon the expiration of the term of office of a member of the Board, such member may continue to serve until a successor has been appointed and qualified.". 12 USC 1437. DEFENSE PRODUCTION ACT EXTENSION SEC. 703. The first sentence of Section 717(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2166(a)) is amended by striking out "September 30, 1983" and inserting in lieu thereof "March 30, 1984". Ante, p. 53. TITLE VIII—INTERNATIONAL MONETARY FUND PROMOTING CONDITIONS FOR EXCHANGE RATE STABILITY SEC. 801. The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended by adding at the end thereof the following: PROMOTING CONDITIONS FOR EXCHANGE RATE STABILITY "SEC. 40. (a) In order to help assure that the resources provided under section 41 are used to support pro-growth policies which will help establish the economic conditions necessary for more appropri- ate financial and exchange rate alignment and stability, it is the sense of Congress that the Secretary of the Treasury shall— "(1) in consultation with the Secretary of State and the United States Trade Representative, initiate discussions with other countries regarding the economic dislocations which result from structural exchange rate imbalances; and "(2) instruct the United States Executive Director of the Fund to work for adoption of policies in the Fund, both within the framework of article IV (of the Articles of Agreement of the Fund) consultations and with respect to the conditions associated with Fund-supported balance of payments adjust- ments programs, which promote conditions contributing to the stability of exchange rates and avoid the manipulation of ex- change rates between major currencies. Among other initia- tives, the Secretary of the Treasury shall propose strengthening the article IV consultation procedures of the Fund to attempt to Initiatives by Treasury Secretary. 22 USC 286y. Post, p. 1268.

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