L. 101–73) specifically shows that “covered bank” is not replaced with “covered depository business” into the section 13(c)(1)(B) of FDI Operate
Point thirteen(h) (formerly thirteen(g)) is actually added of the point six(c)(24) of your Work out of Sep 17, 1978 (Pub. L. Zero. 95–369; ninety-five Stat. 619), active September 17, 1978.
Point thirteen(i) based on point 203 of Act off October fifteen, 1982 (Pub. L. No. 97–320; 96 Stat. 1492), active Oct 15, 1982.
Point thirteen(j) is actually additional by area 801 of your Act of August ten, 1987 (Bar. L. Zero. 100–86; 101 Stat. 656), energetic August ten, 1987.
Section thirteen(k) was additional by point 217(8) of one’s Act of August 9, 1989, referred to as “FIRRE Operate”, (Bar. L. No. 101–73; 103 Stat. 258), energetic August 9, 1989.
* Editor’s Notice: Point 141(a)(2) from name I of your Work away from December 19, 1991 (Bar. L. Zero. 102–242; 105 Stat. 2276), because the revised from the area 106(b) of Term We of your own Act out of October 19, 1996 (Club. L. No. 104–316; 110 Stat. 3830) active October 19, 1996, provides as follows:
“(2) GAO Compliance Review.–Brand new Comptroller General of your You will review, below particularly requirements as Comptroller General establishes become suitable, the Government Put Insurance policies Business therefore the Solution Trust Company in order to dictate brand new extent to which such firms try complying that have area 13(c)(4) of one’s Government Put Insurance rates Act.”
(ii) and work out finance otherwise contributions so you’re able to, or deposits for the, or purchase the bonds away from, for example most other covered depository business and/or providers which regulation or commonly and get power over including most other insured depository establishment;
(i) In general.–Immediately after December 30, 1994, otherwise on particularly earlier go out given that Corporation find is suitable, the corporation will most likely not need people action, individually otherwise indirectly, with respect to any covered depository business who would have the effectation of broadening losses on Put Insurance rates Funds from the securing–
(II) Malfunction Of Basis Off Commitment.–The brand new observe not as much as subclause (I) will become an explanation of your cause for any commitment not as much as condition (i).
(1) Generally speaking.–Any conservator, receiver, otherwise liquidator designated for your covered depository establishment in standard, like the Business acting this kind of skill, would be permitted supply the property of such depository organizations available to your Corporation otherwise while the coverage to have financing out of this provider.
(f) Aided Emergency Road Acquisitions. –(1) It subsection shall use only to a purchase of a covered lender otherwise a dangling business from the an aside-of-County financial [or] discounts association or away-of-State carrying business where this company provides assistance under subsection (c).
The total amount payable hereunder are paid-in a couple equivalent payments, the original installment becoming reduced ahead of December 29, 1950
(E) State Financial Management Approval.–This business takes no latest action concerning the one purchase below this paragraph unless the official financial management of one’s Condition where the financial vulnerable to default can be found approves the acquisition.
(B) In offered authorizations below it subsection, the corporation will think about the need to eradicate the fresh price of financial assistance and also to the constant maintenance regarding formal depository establishments. This provider will approve deals significantly less than so it subsection due to the after the priorities:
(g) Payment of interest for the Stock Subscriptions .–In advance of July step one, 1951, the corporation shall pay of the investment account with the Assistant of Treasury an amount equal to dos for each and every centum simple focus yearly with the numbers complex into the Organization on inventory subscriptions by the Secretary of your Treasury while the Federal Put aside finance companies, since of such improves up until the quantity thereof was indeed paid down.
(B) the term “qualified agricultural loan” form that loan designed to money the manufacture of farming factors or animals in the usa, financing shielded by farmland otherwise ranch gadgets, otherwise for example almost every other sounding financing because appropriate Federal financial agency get deem qualified.
(A) Generally speaking.–When the a good merger, integration, transfer, or order below so it subsection comes to an economy association qualified to receive guidelines and you may a bank otherwise lender carrying company, a savings association may keep and you can efforts one existing branch otherwise branches or other existing business. If for example the deals organization will continue to exist because a new entity, it e the total amount given that any offers organization that’s not associated with a bank carrying providers and office at home of which is found in an equivalent County.
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Parts thirteen(b), 13(c), and you may 13(f) were added because of the section dos[13(b), 13(c), and you may thirteen(f)] of one’s Operate out-of Sep 21, 1950 (Pub. L. Zero. 797; 64 Stat. 888, 889), productive September 21, 1950.
