SURVEY OF BANK FEES AND SERVICES.

SEC. 1002. SURVEY OF BANK FEES AND SERVICES. (a) Annual Survey Required.—The Board of Governors of the Federal Reserve System shall obtain a sample, which is representative by geographic location and size of institution, of— (1) certain retail banking services provided by insured depository institutions; and (2) the fees, if any, which are imposed by such institutions for providing such services. (b) Annual Report to Congress Required.— (1) Preparation.—The Board of Governors of the Federal Reserve System shall prepare a report of the results of each survey conducted pursuant to subsection (a). (2) Contents OF report.—Each report prepared pursuant to paragraph (1) shall include— 103 STAT. 509 (A) a description of any discernable trends in the cost and availability of retail banking services; and (B) a description of the correlation, if any, between— (i) any increase in the amount of any deposit insurance premium assessed by the Federal Deposit Insurance Corporation against insured depository institutions; (ii) any increase in the amount of the fees imposed by such institutions for providing retail banking services; and (iii) any decrease in the availability of such services. (3) Submission to congress.—The Board of Governors of the Federal Reserve System shall submit— (A) the first annual report required under paragraph (1) not later than June 1, 1990; and (B) each subsequent annual report not later than June 1 of each calendar year beginning after 1990. (c) Sunset.—The requirements of subsection (a) shall terminate at the end of the 2-year period beginning on the later of— (1) the 5-year period beginning on the date of the enactment of this Act; or (2) the date (if any) during the 2-year period beginning at the end of such 5-year period, on which deposit insurance premiums are increased under section 7 of the Federal Deposit Insurance Act.