Pub. L. 89-695, tit. III, sec. 301

Sec. 301. (a) The first sentence of section 3(m) of the Federal Deposit Insurance Act (12 U.S.C. 1813(m)) is amended by changing “$10,000” to read “$15,000”. (b) The first sentence of section 7(i) of the Federal Deposit Insurance Act (12 U.S.C. 1817(i)) is amended by changing “$10,000” to read “$15,000”. (c) The last sentence of section 11(a) of the Federal Deposit Insurance Act (12 U.S.C. 1821(a)) is amended to read: “The maximum amount of the insured deposit of any depositor shall be $15,000.” (d) The fifth sentence of section 11 (i) of the Federal Deposit Insurance Act (12 U.S.C. 1821 (i)) is amended by changing “$10,000” to read “$15,000”. (e) The amendments made by this section shall not be applicable to any claim arising out of the closing of a bank where such closing is prior to the date of enactment of this Act.