TECHNICAL CORRECTIONS RELATING TO TITLE I OF THE FEDERAL DEPOSIT INSURANCE CORPORATION IMPROVEMENT ACT OF 1661.

SEC. 1603. TECHNICAL CORRECTIONS RELATING TO TITLE I OF THE FEDERAL DEPOSIT INSURANCE CORPORATION IMPROVEMENT ACT OF 1661. (a) Amendments Relating to Subtitle A.— (1) The 1st sentence of section 7(b)(1)(A)(iii) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(1)(A)(iii)) (as amended by section 104(b) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended by inserting “rate” before the period. (2) Section 14(d)(2)D) of the Federal Deposit Insurance Act (12 U.S.C. 1824(d)(2)(D)) (as amended by section 105 of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended by striking “Member” and inserting “member”. (3) Effective on the effective date of the amendment made by section 302(a) of the Federal Deposit Insurance Corporation Improvement Act of 1991, section 7(b) of the Federal Deposit Insurance Act (12 U.S.C. 1817(c)) (as amended by such section 302(a)) is amended— (A) by adding at the end, the paragraph added to such section 7(b) (as in effect on the day before the effective date of such amendment) by section 103(b)(2) of the Federal Deposit Insurance Corporation Improvement Act of 1991; and (B) by redesignating such paragraph as paragraph (6). (b) Amendments Relating to Subtitle B.— (1) Section 10(d) of the Federal Deposit Insurance Act (12 U.S.C. 1820(d)) (as added by section 111 of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended— (A) in paragraph (5), by inserting “or the Resolution Trust Corporation” after “the Corporation” each place such term appears; 106 STAT. 4079 (B) in paragraph (5)(B), by inserting a comma after “bank”; and (C) by striking paragraph (6). (2) Section 112 of the Federal Deposit Insurance Corporation Improvement Act of 1992 is amended— (A) by redesignating subsection (b) as subsection (c); and (B) by inserting after subsection (a) the following new subsection: “(b) Technical and Conforming Amendment.—Section 3(r) of the Federal Deposit Insurance Act (12 U.S.C. 1813(r)) is amended to read as follows: (r) State Bank Supervisor.— (1) In general.—The term “State bank supervisor” means any officer, agency, or other entity of any State which has primary regulatory authority over State banks or State savings associations in such State. (2) Interstate application.—The State bank supervisors of more than 1 State may be the appropriate State bank super-visor for any insured depository institution.’”. (3) Section 36 of the Federal Deposit Insurance Act (as added by section 112 of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended— (A) in subsection (b)(2)(A)(iii), by striking “Corporation or” and inserting “Corporation and”; (B) in subsection (g)(3)(A)(i), by striking “an appropriate” and inserting “any appropriate”; and (C) in subsection (g)(5), by inserting “and each appropriate Federal banking agency” after “Corporation” each place such term appears. (4) Section 113(a)(2) of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended by striking “111(a)(1)” and inserting “111(a)”. (5) The 1st sentence of the 4th undesignated paragraph of section 5240 of the Revised Statutes (12 U.S.C. 482) (as amended by section 114 of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended by striking “duties” and inserting “office”. (6) Section 115(b) of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended by inserting “Section” before “4(b)”. (c) Amendment Relating to Subtitle C.—Section 122 of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended by redesignating subsection (d) as subsection (c). (d) Amendments Relating to Subtitle D.— (1) Section 38 of the Federal Deposit Insurance Act (as added by section 131(a) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended— (A) in subsection (e)(2)(D)(i), by striking “and” where such term appears after the semicolon; (B) in subsection (f)(6), by striking “functional regulator (as defined in section 2(s) of the Bank Holding Company Act of 1956)” and insert “appropriate regulator”; (C) in subsection (g)(1)(B), by striking “capitalized,” and inserting “capitalized (but not well capitalized),”; and (D) in the heading of subsection (f)(6), by striking “functional” and inserting “other”. 106 STAT. 4080 (2) Section 131(c)(2)(A) of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended by inserting “the 1st and 2d place such term appears” before the semicolon. (3) Section 8(i)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(i)(1)) (as amended by section 131(c)(2)(A) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended— (A) by inserting “or 39” after “38” each place such term appears; and (B) by striking “order under this section, or to review” and inserting “order under any such section, or to review”. (4) Section 8(i))(2)(A)(ii) of the Federal Deposit Insurance Act (12 U.S.C. 1818(i)(2)(A)(ii)) (as amended by section 131(c)(2)(B) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended by striking “subsection (b),” and all that follows through the semicolon and inserting “subsection (b), (c), (e), (g), or (s) or any final order under section 38 or 39;”. (5) Section 131(c)(3) of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended by striking “adding at the end” and inserting “inserting after subsection (x)”. (6) Section 133(b) of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended by striking “Section 1 of the Act of June 30, 1876” and inserting “The 1st section of the Act entitled ‘An Act authorizing the appointment of receivers of national banking associations, and for other purposes.’ and approved June 30,1876”. (7) The Act entitled “An Act authorizing the appointment of receivers of national banking associations, and for other purposes.” and approved June 30, 1876 (as amended by section 133(b) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended— (A) by redesignating section 1 as section 2 and by inserting after the enacting clause the following new section: “SECTION 1. SHORT TITLE.“This Act may be cited as the ‘National Bank Receivership Act’.”; and (B) in section 2 (as amended by section 133(b) of the Federal Deposit Insurance Corporation Improvement Act of 1991 and redesignated by subparagraph (A) of this paragraph), by striking “appoint the Federal Deposit Insurance Corporation as receiver for any national banking association” and inserting “appoint a receiver for any national bank (and such receiver shall be the Federal Deposit Insurance Corporation if the national bank is an insured bank (as defined in section 3(h) of the Federal Deposit Insurance Act))”. (8) Effective on the effective date of the amendment made by section 133(d)(1) of the Federal Deposit Insurance Corporation Improvement Act of 1991, section 5(d)(2)(A) of the Home Owners’ Loan Act (12 U.S.C. 1464(d)(2)(A)) (as amended by such section 133(d)(1) is amended by inserting a period at the end. (9) The paragraph designated as “(p)” of section 11 of the Federal Reserve Act (12 U.S.C. 248) (as added by section 106 STAT. 4081133(0 of the Federal Deposit Insurance Corporation Improvement Act of 1992) is hereby redesignated as paragraph (o). (10) The heading of subtitle D of title I of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended to read as follows: “Subtitle D—Prompt Corrective Action”. (11) The heading of section 131 of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended to read as follows: “SEC. 131. PROMPT CORRECTIVE ACTION.“. (12) The heading of section 133 of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended by striking “regulatory” and inserting “corrective”. (e) Amendments Relating to Subtitle E.— (1) Section H(d)(5)(1)(iii)(I) of the Federal Deposit Insurance Act (12 U.S.C. 1821(d)(5)(1)(iii)(I) (as amended by section 141(b) of the Federal Deposit Insurance Corporation Improvement Act of 1991) is amended by striking “institution described in paragraph (3)(A)” and inserting “insured depository institution”. (2) The amendment made by section 142(c) of the Federal Deposit Insurance Corporation Improvement Act of 1991 (adding a paragraph at the end of section 11 of the Federal Reserve Act) shall be considered to have been executed before the amendment made by section 133(f) of the Federal Deposit Insurance Corporation Improvement Act of 1991. (f) Amendments Relating to Subtitle F.— (1) Section 151(b) of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended— (A) in paragraph (1), by striking “section 40(a)(1)” and inserting “section 43(a)(1)”; and (B) in paragraph (3)— (i) by striking “ ‘deposit’,”; (ii) by striking “and”; (iii) by inserting “, and ‘private deposit insurer1” before “have the same meaning”; and (iv) by striking “section 40(f)” and inserting “section 43(f)”. (2) The heading of subtitle F of title I of the Federal Deposit Insurance Corporation Improvement Act of 1991 is amended to read as follows: “Subtitle F—Depository Institutions Lacking Federal Deposit Insurance”.