DEFINITIONS.

SEC. 701. DEFINITIONS. (a) In General.—Section 2 of the Federal Home Loan Bank Act (12 U.S.C. 1422) is amended— 103 STAT. 412 (1) by striking paragraphs (1) and (2) and inserting the following: “(1) Board.—The term ‘Board’ means the Federal Housing Finance Board established under section 2A. “(2)(A) Bank.—The term ‘Federal Home Loan Bank’ or ‘Bank’ means a bank established under the authority of the Federal Home Loan Bank Act. “(B) Bank system.—The term ‘Federal Home Loan Bank System’ means the Federal Home Loan Banks under the supervision of the Board.”; (2) in paragraph (4) by striking “(except when used in reference to the member of the Board)”; and (3) by striking paragraph (9) and adding at the end the following: “(9) Savings association.—The term ‘savings association’ has the meaning given to such term in section 3 of the Federal Deposit Insurance Act. “(10) Chairperson.—The term ‘Chairperson’ means the Chairperson of the Board. “(11) Secretary.—The term ‘Secretary’ means the Secretary of Housing and Urban Development. “(12) Insured depository institution.—The term ‘insured depository institution’ means— “(A) an insured depository institution (as defined in section 3 of the Federal Deposit Insurance Act), and “(B) except as used in sections 21A and 21B, an insured credit union (as defined in section 101 of the Federal Credit Union Act).”. (b) Change in Terms.— (1) In general—Except as otherwise specifically provided in this title, the Federal Home Loan Bank Act is amended by striking “board” (other than in section 7) and “Federal Home Loan Bank Board” each place such terms appear and inserting “Board”. (2) Chairperson.—The Federal Home Loan Bank Act is amended by striking “Chairman” and “chairman” each place such terms appear and inserting “Chairperson” and “chairperson”. (3) Exceptions.— (A) General rule.—The amendments made by paragraph (1) shall not apply to sections 18(c), 21A, and 21B of the Federal Home Loan Bank Act. (B) Conforming amendment.—Section 18(c) of the Federal Home Loan Bank Act (12 U.S.C. 1438(c)) is amended by striking “Federal Home Loan Bank Board” and “board” each place such terms appear and inserting “Director of the Office of Thrift Supervision”. (c) Technical Amendments —Section 11 of the Federal Home Loan Bank Act (12 U.S.C. 1431) is amended— (1) in subsection (e)(2)(C), by inserting “Federal Home Loan” before “Banks,”; and (2) in the first sentence of the third paragraph of subsection (i) by inserting “Federal” before “Home Loan Bank System”.