SAVINGS ASSOCIATION MEMBERSHIP.

SEC. 603. SAVINGS ASSOCIATION MEMBERSHIP. Section 5(f) of the Home Owners’ Loan Act (12 U.S.C. 1464(f)) is amended to read as follows:113 STAT. 1451 “(f) Federal Home Loan Bank Membership.—After the end of the 6-month period beginning on the date of the enactment of the Federal Home Loan Bank System Modernization Act of 1999, a Federal savings association may become a member of the Federal Home Loan Bank System, and shall qualify for such membership in the manner provided by the Federal Home Loan Bank Act.”.