Pub. L. 93-501, tit. I, sec. 102

Sec. 102. (a) The sixth sentence of section 18(g) of the Federal Deposit Insurance Act (12 U.S.C. 1828(g)) is amended by striking out “for the purpose of obtaining funds to be used in the banking business”. (b) The amendment made by subsection (a) shall not apply to any bank holding company which has filed prior to the date of enactment of this Act an irrevocable declaration with the Board of Governors of the Federal Reserve System to divest itself of all of its banks under section 4 of the Bank I folding Company Act, or to any debt obligation which is an exempted security under section 3(a)(3) of the Securities Act of 1933.