HR 3717 RFS
holder or affiliate (other than an insured depos-
itory institution that receives assistance in ac-
cordance with the provisions of this Act) of—
‘‘(i) any insured depository institution
for which the Corporation has been ap-
pointed conservator or receiver, in connec-
tion with any type of resolution by the
Corporation;
‘‘(ii) any other insured depository in-
stitution in default or in danger of default,
in connection with any type of resolution
by the Corporation; or
‘‘(iii) any insured depository institu-
tion, in connection with the provision of as-
sistance under this section or section 13
with respect to such institution, except
that this clause shall not prohibit any as-
sistance to any insured depository institu-
tion that is not in default, or that is not
in danger of default, that is acquiring (as
defined in section 13(f)(8)(B)) another in-
sured depository institution.
‘‘(D) DEPOSITS.—All amounts assessed
against insured depository institutions by the
HR 3717 RFS
Corporation shall be deposited into the Deposit
Insurance Fund.’’;
(C) by striking paragraphs (5), (6), and
(7) of subsection (a); and
(D) by redesignating paragraph (8) of sub-
section (a) as paragraph (5);
(12) in section 11(f)(1) (12 U.S.C. 1821(f)(1)),
by striking ‘‘, except that—’’ and all that follows
through the end of the paragraph and inserting a
period;
(13) 
in 
section 
11(i)(3) 
(12 
U.S.C.
1821(i)(3))—
(A) by striking subparagraph (B);
(B) by redesignating subparagraph (C) as
subparagraph (B); and
(C) in subparagraph (B) (as so redesig-
nated), by striking ‘‘subparagraphs (A) and
(B)’’ and inserting ‘‘subparagraph (A)’’;
(14) 
in 
section 
11(p)(2)(B) 
(12 
U.S.C.
1821(p)(2)(B)), by striking ‘‘institution, any’’ and
inserting ‘‘institution, the’’;
(15) in section 11A(a) (12 U.S.C. 1821a(a))—
(A) in paragraph (2), by striking ‘‘LIABIL-
ITIES.—’’ and all that follows through ‘‘Except’’
and inserting ‘‘LIABILITIES.—Except’’;
HR 3717 RFS
(B) by striking paragraph (2)(B); and
(C) in paragraph (3), by striking ‘‘the
Bank Insurance Fund, the Savings Association
Insurance Fund,’’ and inserting ‘‘the Deposit
Insurance Fund’’;
(16) in section 11A(b) (12 U.S.C. 1821a(b)),
by striking paragraph (4);
(17) in section 11A(f) (12 U.S.C. 1821a(f)), by
striking ‘‘Savings Association Insurance Fund’’ and
inserting ‘‘Deposit Insurance Fund’’;
(18) in section 12(f)(4)(E)(iv) (12 U.S.C.
1822(f)(4)(E)(iv)), by striking ‘‘Federal deposit in-
surance funds’’ and inserting ‘‘the Deposit Insur-
ance Fund (or any predecessor deposit insurance
fund)’’;
(19) in section 13 (12 U.S.C. 1823)—
(A) by striking ‘‘deposit insurance fund’’
each place that term appears and inserting
‘‘Deposit Insurance Fund’’;
(B) in subsection (a)(1), by striking ‘‘Bank
Insurance Fund, the Savings Association Insur-
ance Fund,’’ and inserting ‘‘Deposit Insurance
Fund’’;
(C) in subsection (c)(4)(E)—
HR 3717 RFS
(i) in the subparagraph heading, by
striking ‘‘FUNDS’’ and inserting ‘‘FUND’’;
and
(ii) in clause (i), by striking ‘‘any in-
surance fund’’ and inserting ‘‘the Deposit
Insurance Fund’’;
(D) in subsection (c)(4)(G)(ii)—
(i) by striking ‘‘appropriate insurance
fund’’ and inserting ‘‘Deposit Insurance
Fund’’;
(ii) by striking ‘‘the members of the
insurance fund (of which such institution
is a member)’’ and inserting ‘‘insured de-
pository institutions’’;
(iii) by striking ‘‘each member’s’’ and
inserting ‘‘each insured depository institu-
tion’s’’; and
(iv) by striking ‘‘the member’s’’ each
place that term appears and inserting ‘‘the
institution’s’’;
(E) in subsection (c), by striking para-
graph (11);
(F) in subsection (h), by striking ‘‘Bank
Insurance Fund’’ and inserting ‘‘Deposit Insur-
ance Fund’’;
HR 3717 RFS
(G) in subsection (k)(4)(B)(i), by striking
‘‘Savings Association Insurance Fund member’’
and inserting ‘‘savings association’’; and
(H) in subsection (k)(5)(A), by striking
‘‘Savings Association Insurance Fund mem-
bers’’ and inserting ‘‘savings associations’’;
(20) in section 14(a) (12 U.S.C. 1824(a)), in
the 5th sentence—
(A) by striking ‘‘Bank Insurance Fund or
the Savings Association Insurance Fund’’ and
inserting ‘‘Deposit Insurance Fund’’; and
(B) by striking ‘‘each such fund’’ and in-
serting ‘‘the Deposit Insurance Fund’’;
(21) in section 14(b) (12 U.S.C. 1824(b)), by
striking ‘‘Bank Insurance Fund or Savings Associa-
tion Insurance Fund’’ and inserting ‘‘Deposit Insur-
ance Fund’’;
(22) in section 14(c) (12 U.S.C. 1824(c)), by
striking paragraph (3);
(23) in section 14(d) (12 U.S.C. 1824(d))—
(A) by striking ‘‘Bank Insurance Fund
member’’ each place that term appears and in-
serting ‘‘insured depository institution’’;
HR 3717 RFS
(B) by striking ‘‘Bank Insurance Fund
members’’ each place that term appears and in-
serting ‘‘insured depository institutions’’;
(C) by striking ‘‘Bank Insurance Fund’’
each place that term appears (other than in
connection with a reference to a term amended
by subparagraph (A) or (B) of this paragraph)
and inserting ‘‘Deposit Insurance Fund’’;
(D) by striking the subsection heading and
inserting the following:
‘‘(d) BORROWING
FOR
THE DEPOSIT INSURANCE
FUND FROM INSURED DEPOSITORY INSTITUTIONS.—’’;
(E) in paragraph (3), in the paragraph
heading, by striking ‘‘BIF’’ and inserting ‘‘THE
DEPOSIT INSURANCE FUND’’; and
(F) in paragraph (5), in the paragraph
heading, by striking ‘‘BIF MEMBERS’’ and in-
serting ‘‘INSURED DEPOSITORY INSTITUTIONS’’;
(24) in section 14 (12 U.S.C. 1824), by adding
at the end the following new subsection:
‘‘(e) BORROWING
FOR
THE DEPOSIT INSURANCE
FUND FROM FEDERAL HOME LOAN BANKS.—
‘‘(1) IN GENERAL.—The Corporation may bor-
row from the Federal home loan banks, with the
concurrence of the Federal Housing Finance Board,
HR 3717 RFS
such funds as the Corporation considers necessary
for the use of the Deposit Insurance Fund.
‘‘(2) TERMS AND CONDITIONS.—Any loan from
any Federal home loan bank under paragraph (1) to
the Deposit Insurance Fund shall—
‘‘(A) bear a rate of interest of not less
than the current marginal cost of funds to that
bank, taking into account the maturities in-
volved;
‘‘(B) be adequately secured, as determined
by the Federal Housing Finance Board;
‘‘(C) be a direct liability of the Deposit In-
surance Fund; and
‘‘(D) be subject to the limitations of sec-
tion 15(c).’’;
(25) 
in 
section 
15(c)(5) 
(12 
U.S.C.
1825(c)(5))—
(A) by striking ‘‘the Bank Insurance Fund
or Savings Association Insurance Fund, respec-
tively’’ each place that term appears and insert-
ing ‘‘the Deposit Insurance Fund’’; and
(B) in subparagraph (B), by striking ‘‘the
Bank Insurance Fund or the Savings Associa-
tion Insurance Fund, respectively’’ and insert-
ing ‘‘the Deposit Insurance Fund’’;
HR 3717 RFS
(26) in section 17(a) (12 U.S.C. 1827(a))—
(A) in the subsection heading, by striking
‘‘BIF, SAIF,’’ and inserting ‘‘THE DEPOSIT IN-
SURANCE FUND’’; and
(B) in paragraph (1)—
(i) by striking ‘‘the Bank Insurance
Fund, the Savings Association Insurance
Fund,’’ each place that term appears and
inserting ‘‘the Deposit Insurance Fund’’;
and
(ii) in subparagraph (D), by striking
‘‘each insurance fund’’ and inserting ‘‘the
Deposit Insurance Fund’’;
(27) in section 17(d) (12 U.S.C. 1827(d)), by
striking ‘‘, the Bank Insurance Fund, the Savings
Association Insurance Fund,’’ each place that term
appears and inserting ‘‘the Deposit Insurance
Fund’’;
(28) 
in 
section 
18(m)(3) 
(12 
U.S.C.
1828(m)(3))—
(A) by striking ‘‘Savings Association In-
surance Fund’’ in the 1st sentence of subpara-
graph (A) and inserting ‘‘Deposit Insurance
Fund’’;
HR 3717 RFS
(B) by striking ‘‘Savings Association In-
surance Fund member’’ in the last sentence of
subparagraph (A) and inserting ‘‘savings asso-
ciation’’; and
(C) by striking ‘‘Savings Association Insur-
ance Fund or the Bank Insurance Fund’’ in
subparagraph (C) and inserting ‘‘Deposit Insur-
ance Fund’’;
(29) in section 18(o) (12 U.S.C. 1828(o)), by
striking ‘‘deposit insurance funds’’ and ‘‘deposit in-
surance fund’’ each place those terms appear and in-
serting ‘‘Deposit Insurance Fund’’;
(30) in section 18(p) (12 U.S.C. 1828(p)), by
striking ‘‘deposit insurance funds’’ and inserting
‘‘Deposit Insurance Fund’’;
(31) in section 24 (12 U.S.C. 1831a)—
(A) in subsections (a)(1) and (d)(1)(A), by
striking ‘‘appropriate deposit insurance fund’’
each place that term appears and inserting
‘‘Deposit Insurance Fund’’;
(B) in subsection (e)(2)(A), by striking
‘‘risk to’’ and all that follows through the pe-
riod and inserting ‘‘risk to the Deposit Insur-
ance Fund.’’; and