reserves of insured institutions

reserves of insured institutions Sec. 707. Section 403(b) of the National Housing Act (12 U.S.C. 1726(b)) is amended by inserting after “Provided, That” the second place the term appears the following: “the Corporation may extend the twenty-year limitation hereinabove prescribed by not more than ten years in the case of any insured institution if it determines such action to be necessary to meet mortgage needs: Provided further, That”.