HR 3505 RFS 
(b) TECHNICAL AND CONFORMING AMENDMENT.— 
Section 5136 of the Revised Statutes of the United States 
(12 U.S.C. 24) is amended, in the matter preceding the 
paragraph designated as the ‘‘First’’, by inserting ‘‘or 
other form of business organization provided under regula-
tions prescribed by the Comptroller of the Currency under 
section 5136C’’ after ‘‘a body corporate’’. 
(c) CLERICAL AMENDMENT.—The table of sections 
for chapter one of title LXII of the Revised Statutes of 
the United States (12 U.S.C. 21 et seq.) is amended by 
inserting after the item relating to section 5136B the fol-
lowing new item: 
‘‘5136C. Alternative business organization.’’. 
SEC. 110. CLARIFICATION OF THE MAIN PLACE OF BUSI-
NESS OF A NATIONAL BANK. 
Title LXII of the Revised Statutes of the United 
States is amended— 
(1) in the paragraph designated the ‘‘Second’’ 
of section 5134 (12 U.S.C. 22), by striking ‘‘The 
place where its operations of discount and deposit 
are to be carried on’’ and inserting ‘‘The place 
where the main office of the national bank is, or is 
to be, located’’; and 
(2) in section 5190 (12 U.S.C. 81), by striking 
‘‘the place specified in its organization certificate’’ 
and inserting ‘‘the main office of the national bank’’. 
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SEC. 111. CAPITAL EQUIVALENCY DEPOSITS FOR FEDERAL 
BRANCHES 
AND 
AGENCIES 
OF 
FOREIGN 
BANKS. 
Section 4(g) of the International Banking Act of 
1978 (12 U.S.C. 3102(g)) is amended to read as follows: 
‘‘(g) CAPITAL EQUIVALENCY DEPOSIT.— 
‘‘(1) IN
GENERAL.—Upon the opening of a 
Federal branch or agency of a foreign bank in any 
State and thereafter, the foreign bank, in addition to 
any deposit requirements imposed under section 6, 
shall keep on deposit, in accordance with such regu-
lations as the Comptroller of the Currency may pre-
scribe in accordance with paragraph (2), dollar de-
posits, investment securities, or other assets in such 
amounts as the Comptroller of the Currency deter-
mines to be necessary for the protection of deposi-
tors and other investors and to be consistent with 
the principles of safety and soundness. 
‘‘(2) LIMITATION.—Notwithstanding paragraph 
(1), regulations prescribed under such paragraph 
shall not permit a foreign bank to keep assets on de-
posit in an amount that is less than the amount re-
quired for a State licensed branch or agency of a 
foreign bank under the laws and regulations of the 
State in which the Federal agency or branch is lo-
cated.’’. 
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SEC. 112. ENHANCING THE AUTHORITY FOR NATIONAL 
BANKS TO MAKE COMMUNITY DEVELOPMENT 
INVESTMENTS. 
The last sentence in the paragraph designated as the 
‘‘Eleventh.’’ of section 5136 of the Revised Statutes of the 
United States (12 U.S.C. 24) is amended by striking ‘‘10 
percent’’ each place such term appears and inserting ‘‘15 
percent’’. 
TITLE II—SAVINGS ASSOCIATION 
PROVISIONS 
SEC. 201. PARITY FOR SAVINGS ASSOCIATIONS UNDER THE 
SECURITIES EXCHANGE ACT OF 1934 AND 
THE INVESTMENT ADVISERS ACT OF 1940. 
(a) SECURITIES EXCHANGE ACT OF 1934.— 
(1) DEFINITION OF BANK.—Section 3(a)(6) of 
the Securities Exchange Act of 1934 (15 U.S.C. 
78c(a)(6)) is amended— 
(A) in subparagraph (A), by inserting ‘‘or 
a Federal savings association, as defined in sec-
tion 2(5) of the Home Owners’ Loan Act’’ after 
‘‘a banking institution organized under the laws 
of the United States’’; and 
(B) in subparagraph (C)— 
(i) by inserting ‘‘or savings associa-
tion as defined in section 2(4) of the Home 
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Owners’ Loan Act,’’ after ‘‘banking insti-
tution,’’; and 
(ii) by inserting ‘‘or savings associa-
tions’’ after ‘‘having supervision over 
banks’’. 
(2) INCLUDE OTS UNDER THE DEFINITION OF 
APPROPRIATE REGULATORY AGENCY FOR CERTAIN 
PURPOSES.—Section 3(a)(34) of such Act (15 
U.S.C. 78c(a)(34)) is amended— 
(A) in subparagraph (A)— 
(i) in clause (ii), by striking ‘‘(i) or 
(iii)’’ and inserting ‘‘(i), (iii), or (iv)’’; 
(ii) by striking ‘‘and’’ at the end of 
clause (iii); 
(iii) by redesignating clause (iv) as 
clause (v); and 
(iv) by inserting the following new 
clause after clause (iii): 
‘‘(iv) the Director of the Office of 
Thrift Supervision, in the case of a savings 
association (as defined in section 3(b) of 
the Federal Deposit Insurance Act (12 
U.S.C. 1813(b))) the deposits of which are 
insured by the Federal Deposit Insurance 
Corporation, a subsidiary or a department 
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or division of any such savings association, 
or a savings and loan holding company; 
and’’; 
(B) in subparagraph (B)— 
(i) in clause (ii), by striking ‘‘(i) or 
(iii)’’ and inserting ‘‘(i), (iii), or (iv)’’; 
(ii) by striking ‘‘and’’ at the end of 
clause (iii); 
(iii) by redesignating clause (iv) as 
clause (v); and 
(iv) by inserting the following new 
clause after clause (iii): 
‘‘(iv) the Director of the Office of 
Thrift Supervision, in the case of a savings 
association (as defined in section 3(b) of 
the Federal Deposit Insurance Act (12 
U.S.C. 1813(b))) the deposits of which are 
insured by the Federal Deposit Insurance 
Corporation, or a subsidiary of any such 
savings association, or a savings and loan 
holding company; and’’; 
(C) in subparagraph (C)— 
(i) in clause (ii), by striking ‘‘(i) or 
(iii)’’ and inserting ‘‘(i), (iii), or (iv)’’; 
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