savings and loan associations

savings and loan associations Sec. 907. (a) Section 12(b) of the Federal Home Loan Bank Act (12 U.S.C. 1432(b)) is amended by adding at the end a new sentence as follows: “This authority extends to the acquisition, holding, and disposition of loans, or interests therein, having the benefit of any guaranty under section 221 or 222 of the Foreign Assistance Act of 1961, as amended by section 105 of the Foreign Assistance Act of 1969 or as hereafter amended or extended, or of any commitment or agreement for any such guaranty.” (b) Section 5 (c) of the Home Owners’ Loan Act of 1933 (12 U.S.C. 1464(c)) is amended by inserting after the period following “section 224 of such Act, or any commitment or agreement with respect to such loans, or interests therein, made pursuant to either of such sections” a new sentence as follows: “This authority extends to the acquisition, holding, and disposition of loans, or interests therein, having the benefit of any guaranty under section 221 or 222 of the Foreign Assistance Act of 1961, as amended by section 105 of the Foreign Assistance Act of 1969 or as hereafter amended or extended, or of any commitment or agreement for any such guaranty.” (c) The first sentence of section 5(c) of the Home Owners’ Loan Act of 1933 is amended by striking out “15” and inserting in lieu thereof “20”.