Page:United States Statutes at Large Volume 98 Part 1.djvu/1253

 PUBLIC LAW 98-369—JULY 18, 1984

98 STAT. 1205

expensed and shall be replenished by insured credit unions in accordance with procedures established by the Board.". SEC. 2804. Section 202(c)(3) of the Federal Credit Union Act (12 U.S.C. 1782(c)(3)) is amended to read as follows: "(3) When, at the end of a given insurance year, any loans to the f fund from the Federal Government and the interest thereon have been repaid and the equity of the fund exceeds the normal operating level, the Board shall effect for that insurance year a pro rata distribution to insured credit unions of an amount sufficient to reduce the equity in the fund to its normal operating level.". SEC. 2805. Section 202(c)(4) of the Federal Credit Union Act (12 U.S.C. 1782(c)(4)) is repealed. SEC. 2806. (a) Subsections (d) through (f) of section 202 of the Federal Credit Union Act (12 U.S.C. 1782 (d) through (f)) are amended— (1) by inserting "its deposit or" before the words "the premium charge" and "any premium charge" each time they appear, other than in the second sentence of subsection (e) of section 202; and (2) by striking out "member accounts" and inserting in lieu th^rf^oi insiir^fi srijn*(*s (b) Section 202 of the Federal Credit Union Act (12 U.S.C. 1782) is amended— (1) in the first sentence of subsection (e), by inserting "deposit, or" after "the amount of any unpaid"; •.,£!'. (2) in the second sentence of subsection (e), by inserting "deposit or" before "premium charge due"; and (3) in the first sentence of subsection (0, by inserting "deposit or" after "statement or pay any such". SEC. 2807. Section 202(g) of the Federal Credit Union Act (12 U.S.C. 1782(g)) is amended— (1) by striking out "statements, and premium charges" and >G ' inserting in lieu thereof "statements, and deposit and premium charges"; (2) by striking out "payment of any premium charge" and inserting in lieu thereof "payment of any deposit or adjustment thereof or any premium charge"; and (3) by striking out "any premium charge for insurance" and inserting in lieu thereof "any deposit or adjustment thereof or any premium charge for insurance". SEC. 2808. Section 202(h)(1) of the Federal Credit Union Act (12 U.S.C. 1782(h)(1)) is amended by inserting before the semicolon at the end thereof the following: ", unless otherwise prescribed by the Board". SEC. 2809. Section 202(h)(2) of the Federal Credit Union Act (12 U.S.C. 1782(h)(2)) is amended to read as follows: "(2) the term 'normal operating level', when applied to the fund, means an amount equal to 1.3 per centum of the aggregate amount of the insured shares in all insured credit unions, or such lower level as the Board may determine; and". V i ini s SEC. 2810. Section 202(h)(3) of the Federal Credit Union Act (12 U.S.C. 1782(h)(3)) is amended to read as follows: "(3) the term 'insured shares' when applied to this section includes share, share draft, share certificate and other similar accounts as determined by the Board, but does not include amounts in excess of the insured account limit set forth in section 207(c)(1).". 12 USC 1787.

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