An Act amending the National Housing Act to clarify the authority of the Federal Savings and Loan Insurance Corporation with respect to the insurance of public deposits, and for other purposes.

Revises, under the National Housing Act, the authority of the Federal Savings and Loan Insurance Corporation with respect to the insurance of public deposits. Authorizes the Secretary of the Treasury, when he deems it necessary to assure an adequate supply of coins to meet the national needs, to mint for issuance during calendar year 1975 dollars, half-dollar, and quarter dollar coins bearing the design and coinage dates provided for in the Revised Statutes.

Establishes a Federal Savings and Loan Advisory Council, which shall continue to exist as long as the Board biannually determines, as a matter of formal record, after consultation with the Director of the Office of Management and Budget, with timely notice in the Federal Register, to be in the public interest in connection with the performance of duties imposed on the Council by law.