Revises the definitions, under the Federal Deposit Insurance Act, of "deposit", "branch", and "affiliate." Requires that the prior written consent of the Federal Deposit Insurance Corporation be obtained before any State nonmember insured bank shall establish or operate any foreign branch. Revises the regulations governing reports of condition, termination of insured status, assumption of liabilities, and insurance of real estate of an insured bank.
Imposes Federal regulations, under the Bank Service Corporation Act, on bank services contracted to another entity by an insured bank.
Extends the class of persons liable for criminal misconduct under the Federal Deposit Insurance Act.
Referred to House Committee on Banking, Currency and Housing.
Introduced in Senate
Referred to Senate Committee on Banking, Housing and Urban Affairs.
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