RECORDKEEPING.

SEC. 722. RECORDKEEPING.(a) Insured Depository Institutions.—Section 11(d)(15)(D) of the Federal Deposit Insurance Act (12 U.S.C. 1821(d)(15)(D)) is amended—(1) by striking “After the end of the 6-year period” and inserting the following:“(i) In general.—Except as provided in clause (ii), after the end of the 6-year period”; and(2) by adding at the end the following:“(ii) Old records.—Notwithstanding clause (i), the Corporation may destroy records of an insured depository institution which are at least 10 years old as of the date on which the Corporation is appointed as the receiver of such depository institution in accordance with clause (i) at any time after such appointment is final, without regard to the 6-year period of limitation contained in clause (i).”.(b) Insured Credit Unions.—Section 207(b)(15)(D) of the Federal Credit Union Act (12 U.S.C. 1787(b)(15)(D)) is amended—(1) by striking “After the end of the 6-year period” and inserting the following:“(i) In general.—Except as provided in clause (ii), after the end of the 6-year period”; and(2) by adding at the end the following:“(ii) Old records.—Notwithstanding clause (i) the Board may destroy records of an insured credit union which are at least 10 years old as of the date on which the Board is appointed as liquidating agent of 120 STAT. 2000 such credit union in accordance with clause (i) at any time after such appointment is final, without regard to the 6-year period of limitation contained in clause (i).”.