AMENDMENT TO THE FEDERAL HOME LOAN BANK ACT.

SEC. 105. AMENDMENT TO THE FEDERAL HOME LOAN BANK ACT. Section 10 of the Federal Home Loan Bank Act (12 U.S.C. 1430) is amended by adding at the end thereof the following: “(e) Reduced Eligibility for Advances for Certain Members Which Are Not Qualified Thrift Lenders.— “(1) In general.— Except as the Board may prescribe, a member that is not a qualified thrift lender may not receive advances in excess of the amount determined by multiplying— “(A) the total amount of advances that such member would be eligible to receive in the absence of this subsection; by “(B) such member’s actual thrift investment percentage. “(2) Exceptions.— Paragraph (1) does not apply to— “(A) a savings bank as defined in section 3(g) of the Federal Deposit Insurance Act; “(B) an insured institution which was chartered prior to October 15, 1982, as a savings bank under State law; or “(C) an insured institution which acquired its principal assets from an institution which was chartered prior to October 15, 1982, as a savings bank under State law. “(3) Definitions.— As used in this subsection— “(A) Insured institution.— The term ‘insured institution’ has the same meaning as in section 408(a)(1)(A) of the National Housing Act. “(B) Qualified thrift lender.— The term ‘qualified thrift lender’ has the same meaning as in section 408(o) of the National Housing Act. “(C) Actual thrift investment percentage.— The term ‘actual thrift investment percentage’ has the same meaning as in section 408(o)(5)(A) of the National Housing Act.”.