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the date on which such special assessment is payable
under subsection (d).
(3) 2D
ASSESSMENT.—An insured depository
institution which makes an election under paragraph
(1) shall pay a 2d assessment, by the date estab-
lished by the Board of Directors in accordance with
paragraph (4), in an amount equal to the product of
51 percent of the rate determined by the Board of
Directors under subsection (a) for determining the
amount of the special assessment and the SAIF-as-
sessable deposits of the institution on March 31,
1996, or such other date in calendar year 1996 as
the Board of Directors determines to be appropriate.
(4) DUE DATE OF 2D ASSESSMENT.—The date
established by the Board of Directors for the pay-
ment of the assessment under paragraph (3) by a
depository institution shall be the earliest practicable
date which the Board of Directors determines to be
appropriate, which is at least 15 days after the date
used by the Board of Directors under paragraph (3).
(5) SUPPLEMENTAL
SPECIAL
ASSESSMENT.—
An insured depository institution which makes an
election under paragraph (1) shall pay a supple-
mental special assessment, at the same time the pay-
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ment under paragraph (3) is made, in an amount
equal to the product of—
(A) 50 percent of the rate determined by
the Board of Directors under subsection (a) for
determining the amount of the special assess-
ment; and
(B) 95 percent of the amount by which the
SAIF-assessable deposits used by the Board of
Directors for determining the amount of the 1st
assessment under paragraph (2) exceeds, if any,
the SAIF-assessable deposits used by the Board
for determining the amount of the 2d assess-
ment under paragraph (3).
(h) ADJUSTMENT
OF SPECIAL ASSESSMENT
FOR
CERTAIN BANK INSURANCE FUND MEMBER BANKS.—
(1) IN GENERAL.—For purposes of computing
the special assessment imposed under this section
with respect to a Bank Insurance Fund member
bank, the amount of any deposits of any insured de-
pository institution which section 5(d)(3) of the Fed-
eral Deposit Insurance Act treats as insured by the
Savings Association Insurance Fund shall be re-
duced by 20 percent—
(A) if the adjusted attributable deposit
amount of the Bank Insurance Fund member
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bank is less than 50 percent of the total domes-
tic deposits of that member bank as of June 30,
1995; or
(B) if, as of June 30, 1995, the Bank In-
surance Fund member—
(i) had an adjusted attributable de-
posit amount equal to less than 75 percent
of the total assessable deposits of that
member bank;
(ii) had total assessable deposits
greater than $5,000,000,000; and
(iii) was owned or controlled by a
bank holding company that owned or con-
trolled insured depository institutions hav-
ing an aggregate amount of deposits in-
sured or treated as insured by the Bank
Insurance Fund greater than the aggre-
gate amount of deposits insured or treated
as insured by the Savings Association In-
surance Fund.
(2) 
ADJUSTED
ATTRIBUTABLE
DEPOSIT
AMOUNT.—For purposes of this subsection, the ‘‘ad-
justed attributable deposit amount’’ shall be deter-
mined in accordance with section 5(d)(3)(C) of the
Federal Deposit Insurance Act.
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(i) ADJUSTMENT TO THE ADJUSTED ATTRIBUTABLE
DEPOSIT AMOUNT FOR CERTAIN BANK INSURANCE FUND
MEMBER BANKS.—Section 5(d)(3) of the Federal Deposit
Insurance Act (12 U.S.C. 1815(d)(3)) is amended—
(1) in subparagraph (C), by striking ‘‘The ad-
justed attributable deposit amount’’ and inserting
‘‘Except as provided in subparagraph (K), the ad-
justed attributable deposit amount’’; and
(2) by adding at the end the following new sub-
paragraph:
‘‘(K) ADJUSTMENT OF ADJUSTED ATTRIB-
UTABLE DEPOSIT AMOUNT.—The amount deter-
mined under subparagraph (C)(i) for deposits
acquired by March 31, 1995, shall be reduced
by 20 percent for purposes of computing the
adjusted attributable deposit amount for the
payment of any assessment for any semiannual
period that begins after the date of the enact-
ment of the Deposit Insurance Funds Act of
1996 (other than the special assessment im-
posed under section 2702(a) of such Act), for
a Bank Insurance Fund member bank that, as
of June 30, 1995—
‘‘(i) had an adjusted attributable de-
posit amount that was less than 50 percent
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of the total deposits of that member bank;
or
‘‘(ii)(I) had an adjusted attributable
deposit amount equal to less than 75 per-
cent of the total assessable deposits of that
member bank;
‘‘(II) had total assessable deposits
greater than $5,000,000,000; and
‘‘(III) was owned or controlled by a
bank holding company that owned or con-
trolled insured depository institutions hav-
ing an aggregate amount of deposits in-
sured or treated as insured by the Bank
Insurance Fund greater than the aggre-
gate amount of deposits insured or treated
as insured by the Savings Association In-
surance Fund.’’.
(j) ADJUSTMENT
OF SPECIAL ASSESSMENT
FOR
CERTAIN SAVINGS ASSOCIATIONS.—
(1) SPECIAL
ASSESSMENT
REDUCTION.—For
purposes of computing the special assessment im-
posed under this section, in the case of any con-
verted association, the amount of any deposits of
such association which were insured by the Savings
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Association Insurance Fund as of March 31, 1995,
shall be reduced by 20 percent.
(2) CONVERTED
ASSOCIATION.—For purposes
of this subsection, the term ‘‘converted association’’
means—
(A) any Federal savings association—
(i) that is a member of the Savings
Association Insurance Fund and that has
deposits subject to assessment by that
fund which did not exceed $4,000,000,000,
as of March 31, 1995; and
(ii) that had been, or is a successor by
merger, acquisition, or otherwise to an in-
stitution that had been, a State savings
bank, the deposits of which were insured
by the Federal Deposit Insurance Corpora-
tion before August 9, 1989, that converted
to a Federal savings association pursuant
to section 5(i) of the Home Owners’ Loan
Act before January 1, 1985;
(B) a State depository institution that is a
member of the Savings Association Insurance
Fund that had been a State savings bank be-
fore October 15, 1982, and was a Federal sav-
ings association on August 9, 1989;
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(C) an insured bank that—
(i) was established de novo in order to
acquire the deposits of a savings associa-
tion in default or in danger of default;
(ii) did not open for business before
acquiring the deposits of such savings as-
sociation; and
(iii) was a Savings Association Insur-
ance Fund member before the date of en-
actment of this Act; and
(D) an insured bank that—
(i) resulted from a savings association
before December 19, 1991, in accordance
with section 5(d)(2)(G) of the Federal De-
posit Insurance Act; and
(ii) had an increase in its capital in
conjunction with the conversion in an
amount equal to more than 75 percent of
the capital of the institution on the day be-
fore the date of the conversion.
SEC. 2703. FINANCING CORPORATION FUNDING.
(a) IN GENERAL.—Section 21 of the Federal Home
Loan Bank Act (12 U.S.C. 1441) is amended—
(1) in subsection (f)(2)—
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(A) in the matter immediately preceding
subparagraph (A)—
(i) by striking ‘‘To the extent the
amounts available pursuant to paragraph
(1) are insufficient to cover the amount of
interest payments, issuance costs, and cus-
todial fees,’’ and inserting ‘‘In addition to
the amounts obtained pursuant to para-
graph (1),’’;
(ii) by striking ‘‘Savings Association
Insurance Fund member’’ and inserting
‘‘insured depository institution’’; and
(iii) by striking ‘‘members’’ and in-
serting ‘‘institutions’’; and
(B) by striking ‘‘, except that—’’ and all
that follows through the end of the paragraph
and inserting ‘‘, except that—
‘‘(A) the assessments imposed on insured
depository institutions with respect to any BIF-
assessable deposit shall be assessed at a rate
equal to 1⁄5 of the rate of the assessments im-
posed on insured depository institutions with
respect to any SAIF-assessable deposit; and
‘‘(B) no limitation under clause (i) or (iii)
of section 7(b)(2)(A) of the Federal Deposit In-
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surance Act shall apply for purposes of this
paragraph.’’; and
(2) in subsection (k)—
(A) by striking ‘‘section—’’ and inserting
‘‘section, the following definitions shall apply:’’;
(B) by striking paragraph (1);
(C) by redesignating paragraphs (2) and
(3) as paragraphs (1) and (2), respectively; and
(D) by adding at the end the following new
paragraphs:
‘‘(3) INSURED DEPOSITORY INSTITUTION.—The
term ‘insured depository institution’ has the same
meaning as in section 3 of the Federal Deposit In-
surance Act
‘‘(4) DEPOSIT TERMS.—
‘‘(A) BIF-ASSESSABLE
DEPOSITS.—The
term ‘BIF-assessable deposit’ means a deposit
that is subject to assessment for purposes of
the Bank Insurance Fund under the Federal
Deposit Insurance Act (including a deposit that
is treated as a deposit insured by the Bank In-
surance Fund under section 5(d)(3) of the Fed-
eral Deposit Insurance Act).
‘‘(B) SAIF-ASSESSABLE
DEPOSIT.—The
term ‘SAIF-assessable deposit’ has the meaning
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given to such term in section 2710 of the De-
posit Insurance Funds Act of 1996.’’.
(b) CONFORMING AMENDMENT.—Section 7(b)(2) of
the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(2))
is amended by striking subparagraph (D).
(c) EFFECTIVE DATE.—
(1) IN GENERAL.—Subsections (a) and (c) and
the amendments made by such subsections shall
apply with respect to semiannual periods which
begin after December 31, 1996.
(2) TERMINATION
OF
CERTAIN
ASSESSMENT
RATES.—Subparagraph (A) of section 21(f)(2) of
the Federal Home Loan Bank Act (as amended by
subsection (a)) shall not apply after the earlier of—
(A) December 31, 1999; or
(B) the date as of which the last savings
association ceases to exist.
(d) PROHIBITION ON DEPOSIT SHIFTING.—
(1) IN GENERAL.—Effective as of the date of
the enactment of this Act and ending on the date
provided in subsection (c)(2) of this section, the
Comptroller of the Currency, the Board of Directors
of the Federal Deposit Insurance Corporation, the
Board of Governors of the Federal Reserve System,
and the Director of the Office of Thrift Supervision
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shall take appropriate actions, including enforcement
actions, denial of applications, or imposition of en-
trance and exit fees as if such transactions qualified
as conversion transactions pursuant to section 5(d)
of the Federal Deposit Insurance Act, to prevent in-
sured depository institutions and depository institu-
tion holding companies from facilitating or encour-
aging the shifting of deposits from SAIF-assessable
deposits to BIF-assessable deposits (as defined in
section 21(k) of the Federal Home Loan Bank Act)
for the purpose of evading the assessments imposed
on insured depository institutions with respect to
SAIF-assessable deposits under section 7(b) of the
Federal Deposit Insurance Act and section 21(f)(2)
of the Federal Home Loan Bank Act.
(2) REGULATIONS.—The Board of Directors of
the Federal Deposit Insurance Corporation may
issue regulations, including regulations defining
terms used in paragraph (1), to prevent the shifting
of deposits described in such paragraph.
(3) RULE OF CONSTRUCTION.—No provision of
this subsection shall be construed as prohibiting con-
duct or activity of any insured depository institution
which—
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(A) is undertaken in the ordinary course of
business of such depository institution; and
(B) is not directed towards the depositors
of an insured depository institution affiliate (as
defined in section 2(k) of the Bank Holding
Company Act of 1956) of such depository insti-
tution.
SEC. 2704. MERGER OF BIF AND SAIF.
(a) IN GENERAL.—
(1) MERGER.—The Bank Insurance Fund and
the Savings Association Insurance Fund shall be
merged into the Deposit Insurance Fund established
by section 11(a)(4) of the Federal Deposit Insurance
Act, as amended by this section.
(2) DISPOSITION
OF
ASSETS
AND
LIABIL-
ITIES.—All assets and liabilities of the Bank Insur-
ance Fund and the Savings Association Insurance
Fund shall be transferred to the Deposit Insurance
Fund.
(3) NO SEPARATE EXISTENCE.—The separate
existence of the Bank Insurance Fund and the Sav-
ings Association Insurance Fund shall cease.
(b) SPECIAL RESERVE OF THE DEPOSIT INSURANCE
FUND.—
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(1) IN
GENERAL.—Immediately before the
merger of the Bank Insurance Fund and the Sav-
ings Association Insurance Fund, if the reserve ratio
of the Savings Association Insurance Fund exceeds
the designated reserve ratio, the amount by which
that reserve ratio exceeds the designated reserve
ratio shall be placed in the Special Reserve of the
Deposit Insurance Fund, established under section
11(a)(5) of the Federal Deposit Insurance Act, as
amended by this section.
(2) DEFINITION.—For purposes of this sub-
section, the term ‘‘reserve ratio’’ means the ratio of
the net worth of the Savings Association Insurance
Fund to the aggregate estimated amount of deposits
insured by the Savings Association Insurance Fund.
(c) EFFECTIVE DATE.—This section and the amend-
ments made by this section shall become effective on Janu-
ary 1, 1999, if no insured depository institution is a sav-
ings association on that date.
(d) TECHNICAL AND CONFORMING AMENDMENTS.—
(1) 
DEPOSIT
INSURANCE
FUND.—Section
11(a)(4) of the Federal Deposit Insurance Act (12
U.S.C. 1821(a)(4)) is amended—
(A) by redesignating subparagraph (B) as
subparagraph (C);
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(B) by striking subparagraph (A) and in-
serting the following:
‘‘(A) ESTABLISHMENT.—There is estab-
lished the Deposit Insurance Fund, which the
Corporation shall—
‘‘(i) maintain and administer;
‘‘(ii) use to carry out its insurance
purposes in the manner provided by this
subsection; and
‘‘(iii) invest in accordance with section
13(a).
‘‘(B) USES.—The Deposit Insurance Fund
shall be available to the Corporation for use
with respect to Deposit Insurance Fund mem-
bers.’’; and
(C) by striking ‘‘(4) GENERAL PROVISIONS
RELATING TO FUNDS.—’’ and inserting the fol-
lowing:
‘‘(4) ESTABLISHMENT OF THE DEPOSIT INSUR-
ANCE FUND.—’’.
(2) OTHER REFERENCES.—Section 11(a)(4)(C)
of the Federal Deposit Insurance Act (12 U.S.C.
1821(a)(4)(C), as redesignated by paragraph (1) of
this subsection) is amended by striking ‘‘Bank In-
surance Fund and the Savings Association Insur-
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ance Fund’’ and inserting ‘‘Deposit Insurance
Fund’’.
(3) DEPOSITS INTO FUND.—Section 11(a)(4) of
the Federal Deposit Insurance Act (12 U.S.C.
1821(a)(4)) is amended by adding at the end the
following new subparagraph:
‘‘(D) DEPOSITS.—All amounts assessed
against insured depository institutions by the
Corporation shall be deposited in the Deposit
Insurance Fund.’’.
(4) SPECIAL RESERVE OF DEPOSITS.—Section
11(a)(5) of the Federal Deposit Insurance Act (12
U.S.C. 1821(a)(5)) is amended to read as follows:
‘‘(5) SPECIAL
RESERVE
OF
DEPOSIT
INSUR-
ANCE FUND.—
‘‘(A) ESTABLISHMENT.—
‘‘(i) IN
GENERAL.—There is estab-
lished a Special Reserve of the Deposit In-
surance Fund, which shall be administered
by the Corporation and shall be invested in
accordance with section 13(a).
‘‘(ii) LIMITATION.—The Corporation
shall not provide any assessment credit, re-
fund, or other payment from any amount
in the Special Reserve.
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‘‘(B) EMERGENCY
USE
OF
SPECIAL
RE-
SERVE.—Notwithstanding subparagraph (A)(ii),
the Corporation may, in its sole discretion,
transfer amounts from the Special Reserve to
the Deposit Insurance Fund, for the purposes
set forth in paragraph (4), only if—
‘‘(i) the reserve ratio of the Deposit
Insurance Fund is less than 50 percent of
the designated reserve ratio; and
‘‘(ii) the Corporation expects the re-
serve ratio of the Deposit Insurance Fund
to remain at less than 50 percent of the
designated reserve ratio for each of the
next 4 calendar quarters.
‘‘(C) EXCLUSION OF SPECIAL RESERVE IN
CALCULATING RESERVE RATIO.—Notwithstand-
ing any other provision of law, any amounts in
the Special Reserve shall be excluded in cal-
culating the reserve ratio of the Deposit Insur-
ance Fund under section 7.’’.
(5) FEDERAL HOME LOAN BANK ACT.—Section
21B(f)(2)(C)(ii) of the Federal Home Loan Bank
Act (12 U.S.C. 1441b(f)(2)(C)(ii)) is amended—
(A) in subclause (I), by striking ‘‘to Sav-
ings Associations Insurance Fund members’’
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and inserting ‘‘to insured depository institu-
tions, and their successors, which were Savings
Association Insurance Fund members on Sep-
tember 1, 1995’’; and
(B) in subclause (II), by striking ‘‘to Sav-
ings Associations Insurance Fund members’’
and inserting ‘‘to insured depository institu-
tions, and their successors, which were Savings
Association Insurance Fund members on Sep-
tember 1, 1995’’.
(6) REPEALS.—
(A) SECTION 3.—Section 3(y) of the Fed-
eral Deposit Insurance Act (12 U.S.C. 1813(y))
is amended to read as follows:
‘‘(y) DEFINITIONS RELATING TO THE DEPOSIT IN-
SURANCE FUND.—
‘‘(1) DEPOSIT
INSURANCE
FUND.—The term
‘Deposit Insurance Fund’ means the fund estab-
lished under section 11(a)(4).
‘‘(2) RESERVE RATIO.—The term ‘reserve ratio’
means the ratio of the net worth of the Deposit In-
surance Fund to aggregate estimated insured depos-
its held in all insured depository institutions.
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‘‘(3) DESIGNATED RESERVE RATIO.—The des-
ignated reserve ratio of the Deposit Insurance Fund
for each year shall be—
‘‘(A) 1.25 percent of estimated insured de-
posits; or
‘‘(B) a higher percentage of estimated in-
sured deposits that the Board of Directors de-
termines to be justified for that year by cir-
cumstances raising a significant risk of sub-
stantial future losses to the fund.’’
(B) SECTION 7.—Section 7 of the Federal
Deposit Insurance Act (12 U.S.C. 1817) is
amended—
(i) by striking subsection (l);
(ii) by redesignating subsections (m)
and (n) as subsections (l) and (m), respec-
tively;
(iii) in subsection (b)(2), by striking
subparagraphs (B) and (F), and by redes-
ignating subparagraphs (C), (E), (G), and
(H) as subparagraphs (B) through (E), re-
spectively.
(C) SECTION
11.—Section 11(a) of the
Federal Deposit Insurance Act (12 U.S.C.
1821(a)) is amended—
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(i) by striking paragraphs (6) and (7);
and
(ii) by redesignating paragraph (8) as
paragraph (6).
(7) SECTION
5136
OF
THE
REVISED
STAT-
UTES.—The paragraph designated the ‘‘Eleventh’’ of
section 5136 of the Revised Statutes of the United
States (12 U.S.C. 24) is amended in the 5th sen-
tence, by striking ‘‘affected deposit insurance fund’’
and inserting ‘‘Deposit Insurance Fund’’.
(8) INVESTMENTS
PROMOTING
PUBLIC
WEL-
FARE; 
LIMITATIONS
ON
AGGREGATE
INVEST-
MENTS.—The 23d undesignated paragraph of sec-
tion 9 of the Federal Reserve Act (12 U.S.C. 338a)
is amended in the 4th sentence, by striking ‘‘affected
deposit insurance fund’’ and inserting ‘‘Deposit In-
surance Fund’’.
(9) ADVANCES TO CRITICALLY UNDERCAPITAL-
IZED
DEPOSITORY
INSTITUTIONS.—Section
10B(b)(3)(A)(ii) of the Federal Reserve Act (12
U.S.C. 347b(b)(3)(A)(ii)) is amended by striking
‘‘any deposit insurance fund in’’ and inserting ‘‘the
Deposit Insurance Fund of’’.
(10) AMENDMENTS TO THE BALANCED BUDGET
AND EMERGENCY DEFICIT CONTROL ACT OF 1985.—
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Section 255(g)(1)(A) of the Balanced Budget and
Emergency Deficit Control Act of 1985 (2 U.S.C.
905(g)(1)(A)) is amended—
(A) by striking ‘‘Bank Insurance Fund’’
and inserting ‘‘Deposit Insurance Fund’’; and
(B) by striking ‘‘Federal Deposit Insur-
ance Corporation, Savings Association Insur-
ance Fund;’’.
(11) FURTHER AMENDMENTS TO THE FEDERAL
HOME LOAN BANK ACT.—The Federal Home Loan
Bank Act (12 U.S.C. 1421 et seq.) is amended—
(A) 
in 
section 
11(k) 
(12 
U.S.C.
1431(k))—
(i) in the subsection heading, by strik-
ing ‘‘SAIF’’ and inserting ‘‘THE DEPOSIT
INSURANCE FUND’’; and
(ii) by striking ‘‘Savings Association
Insurance Fund’’ each place such term ap-
pears and inserting ‘‘Deposit Insurance
Fund’’;
(B) in section 21A(b)(4)(B) (12 U.S.C.
1441a(b)(4)(B)), by striking ‘‘affected deposit
insurance fund’’ and inserting ‘‘Deposit Insur-
ance Fund’’;
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(C) in section 21A(b)(6)(B) (12 U.S.C.
1441a(b)(6)(B))—
(i) in the subparagraph heading, by
striking ‘‘SAIF-INSURED BANKS’’ and in-
serting ‘‘CHARTER CONVERSIONS’’; and
(ii) by striking ‘‘Savings Association
Insurance Fund member’’ and inserting
‘‘savings association’’;
(D) in section 21A(b)(10)(A)(iv)(II) (12
U.S.C. 1441a(b)(10)(A)(iv)(II)), by striking
‘‘Savings Association Insurance Fund’’ and in-
serting ‘‘Deposit Insurance Fund’’;
(E) 
in 
section 
21B(e) 
(12 
U.S.C.
1441b(e))—
(i) in paragraph (5), by inserting ‘‘as
of the date of funding’’ after ‘‘Savings As-
sociation Insurance Fund members’’ each
place such term appears;
(ii) by striking paragraph (7); and
(iii) by redesignating paragraph (8) as
paragraph (7); and
(F) 
in 
section 
21B(k) 
(12 
U.S.C.
1441b(k))—
(i) by striking paragraph (8); and
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(ii) by redesignating paragraphs (9)
and (10) as paragraphs (8) and (9), re-
spectively.
(12) AMENDMENTS
TO
THE
HOME
OWNERS’
LOAN
ACT.—The Home Owners’ Loan Act (12
U.S.C. 1461 et seq.) is amended—
(A) in section 5—
(i) in subsection (c)(5)(A), by striking
‘‘that is a member of the Bank Insurance
Fund’’;
(ii) in subsection (c)(6), by striking
‘‘As used in this subsection—’’ and insert-
ing ‘‘For purposes of this subsection, the
following definitions shall apply:’’;
(iii) in subsection (o)(1), by striking
‘‘that is a Bank Insurance Fund member’’;
(iv) in subsection (o)(2)(A), by strik-
ing ‘‘a Bank Insurance Fund member until
such time as it changes its status to a Sav-
ings Association Insurance Fund member’’
and inserting ‘‘insured by the Deposit In-
surance Fund’’;
(v) in subsection (t)(5)(D)(iii)(II), by
striking ‘‘affected deposit insurance fund’’
and inserting ‘‘Deposit Insurance Fund’’;
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(vi) in subsection (t)(7)(C)(i)(I), by
striking ‘‘affected deposit insurance fund’’
and inserting ‘‘Deposit Insurance Fund’’;
and
(vii) in subsection (v)(2)(A)(i), by
striking ‘‘, the Savings Association Insur-
ance Fund’’ and inserting ‘‘or the Deposit
Insurance Fund’’; and
(B) in section 10—
(i) in subsection (e)(1)(A)(iii)(VII), by
adding ‘‘or’’ at the end;
(ii) in subsection (e)(1)(A)(iv), by
adding ‘‘and’’ at the end;
(iii) in subsection (e)(1)(B), by strik-
ing ‘‘Savings Association Insurance Fund
or Bank Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’;
(iv) in subsection (e)(2), by striking
‘‘Savings Association Insurance Fund or
the Bank Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’; and
(v) in subsection (m)(3), by striking
subparagraph (E), and by redesignating
subparagraphs (F), (G), and (H) as sub-
paragraphs (E), (F), and (G), respectively.
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(13) AMENDMENTS TO THE NATIONAL HOUSING
ACT.—The National Housing Act (12 U.S.C. 1701
et seq.) is amended—
(A) in section 317(b)(1)(B) (12 U.S.C.
1723i(b)(1)(B)), by striking ‘‘Bank Insurance
Fund for banks or through the Savings Asso-
ciation Insurance Fund for savings associa-
tions’’ and inserting ‘‘Deposit Insurance Fund’’;
and
(B) in section 526(b)(1)(B)(ii) (12 U.S.C.
1735f–14(b)(1)(B)(ii)), by striking ‘‘Bank In-
surance Fund for banks and through the Sav-
ings Association Insurance Fund for savings as-
sociations’’ and inserting ‘‘Deposit Insurance
Fund’’.
(14) FURTHER AMENDMENTS TO THE FEDERAL
DEPOSIT INSURANCE ACT.—The Federal Deposit In-
surance Act (12 U.S.C. 1811 et seq.) is amended—
(A) 
in 
section 
3(a)(1) 
(12 
U.S.C.
1813(a)(1)), by striking subparagraph (B) and
inserting the following:
‘‘(B) includes any former savings associa-
tion.’’;
(B) 
in 
section 
5(b)(5) 
(12 
U.S.C.
1815(b)(5)), by striking ‘‘the Bank Insurance
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Fund or the Savings Association Insurance
Fund;’’ and inserting ‘‘Deposit Insurance
Fund,’’;
(C) in section 5(d) (12 U.S.C. 1815(d)),
by striking paragraphs (2) and (3);
(D) 
in 
section 
5(d)(1) 
(12 
U.S.C.
1815(d)(1))—
(i) in subparagraph (A), by striking
‘‘reserve ratios in the Bank Insurance
Fund and the Savings Association Insur-
ance Fund’’ and inserting ‘‘the reserve
ratio of the Deposit Insurance Fund’’;
(ii) by striking subparagraph (B) and
inserting the following:
‘‘(2) FEE CREDITED TO THE DEPOSIT INSUR-
ANCE FUND.—The fee paid by the depository insti-
tution under paragraph (1) shall be credited to the
Deposit Insurance Fund.’’;
(iii) by striking ‘‘(1) UNINSURED IN-
STITUTIONS.—’’; and
(iv) by redesignating subparagraphs
(A) and (C) as paragraphs (1) and (3), re-
spectively, and moving the margins 2 ems
to the left;
(E) in section 5(e) (12 U.S.C. 1815(e))—
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(i) in paragraph (5)(A), by striking
‘‘Bank Insurance Fund or the Savings As-
sociation Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’;
(ii) by striking paragraph (6); and
(iii) by redesignating paragraphs (7),
(8), and (9) as paragraphs (6), (7), and
(8), respectively;
(F) in section 6(5) (12 U.S.C. 1816(5)),
by striking ‘‘Bank Insurance Fund or the Sav-
ings Association Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’;
(G) in section 7(b) (12 U.S.C. 1817(b))—
(i) in paragraph (1)(D), by striking
‘‘each deposit insurance fund’’ and insert-
ing ‘‘the Deposit Insurance Fund’’;
(ii) in clauses (i)(I) and (iv) of para-
graph (2)(A), by striking ‘‘each deposit in-
surance fund’’ each place such term ap-
pears and inserting ‘‘the Deposit Insurance
Fund’’;
(iii) in paragraph (2)(A)(iii), by strik-
ing ‘‘a deposit insurance fund’’ and insert-
ing ‘‘the Deposit Insurance Fund’’;
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(iv) by striking clause (iv) of para-
graph (2)(A);
(v) in paragraph (2)(C) (as redesig-
nated by paragraph (6)(B) of this sub-
section)—
(I) by striking ‘‘any deposit in-
surance fund’’ and inserting ‘‘the De-
posit Insurance Fund’’; and
(II) by striking ‘‘that fund’’ each
place such term appears and inserting
‘‘the Deposit Insurance Fund’’;
(vi) in paragraph (2)(D) (as redesig-
nated by paragraph (6)(B) of this sub-
section)—
(I) in the subparagraph heading,
by striking ‘‘FUNDS ACHIEVE’’ and in-
serting ‘‘FUND ACHIEVES’’; and
(II) by striking ‘‘a deposit insur-
ance fund’’ and inserting ‘‘the Deposit
Insurance Fund’’;
(vii) in paragraph (3)—
(I) in the paragraph heading, by
striking 
‘‘FUNDS’’ 
and 
inserting
‘‘FUND’’;
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(II) by striking ‘‘members of that
fund’’ where such term appears in the
portion of subparagraph (A) which
precedes clause (i) of such subpara-
graph and inserting ‘‘insured deposi-
tory institutions’’;
(III) by striking ‘‘that fund’’
each place such term appears (other
than in connection with term amended
in subclause (II) of this clause) and
inserting 
‘‘the 
Deposit 
Insurance
Fund’’;
(IV) in subparagraph (A), by
striking ‘‘Except as provided in para-
graph (2)(F), if’’ and inserting ‘‘If’’;
(V) in subparagraph (A), by
striking ‘‘any deposit insurance fund’’
and inserting ‘‘the Deposit Insurance
Fund’’; and
(VI) by striking subparagraphs
(C) and (D) and inserting the follow-
ing:
‘‘(C) AMENDING
SCHEDULE.—The Cor-
poration may, by regulation, amend a schedule
prescribed under subparagraph (B).’’; and
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(viii) in paragraph (6)—
(I) by striking ‘‘any such assess-
ment’’ and inserting ‘‘any such assess-
ment is necessary’’;
(II) by striking ‘‘(A) is nec-
essary—’’;
(III) by striking subparagraph
(B);
(IV) by redesignating clauses (i),
(ii), and (iii) as subparagraphs (A),
(B), and (C), respectively, and moving
the margins 2 ems to the left; and
(V) in subparagraph (C) (as re-
designated), by striking ‘‘; and’’ and
inserting a period;
(H) 
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 para-
graph and inserting a period;
(I) 
in 
section 
11(i)(3) 
(12 
U.S.C.
1821(i)(3))—
(i) by striking subparagraph (B);
(ii) by redesignating subparagraph
(C) as subparagraph (B); and
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(iii) in subparagraph (B) (as redesig-
nated), by striking ‘‘subparagraphs (A)
and (B)’’ and inserting ‘‘subparagraph
(A)’’;
(J) 
in 
section 
11A(a) 
(12 
U.S.C.
1821a(a))—
(i) in paragraph (2), by striking ‘‘LI-
ABILITIES.—’’ and all that follows through
‘‘Except’’ and inserting ‘‘LIABILITIES.—
Except’’;
(ii) by striking paragraph (2)(B); and
(iii) in paragraph (3), by striking ‘‘the
Bank Insurance Fund, the Savings Asso-
ciation Insurance Fund,’’ and inserting
‘‘the Deposit Insurance Fund’’;
(K) 
in 
section 
11A(b) 
(12 
U.S.C.
1821a(b)), by striking paragraph (4);
(L) 
in 
section 
11A(f) 
(12 
U.S.C.
1821a(f)), by striking ‘‘Savings Association In-
surance Fund’’ and inserting ‘‘Deposit Insur-
ance Fund’’;
(M) in section 13 (12 U.S.C. 1823)—
(i) in subsection (a)(1), by striking
‘‘Bank Insurance Fund, the Savings Asso-
ciation Insurance Fund,’’ and inserting
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‘‘Deposit Insurance Fund, the Special Re-
serve of the Deposit Insurance Fund,’’;
(ii) in subsection (c)(4)(E)—
(I) in the subparagraph heading,
by striking ‘‘FUNDS’’ and inserting
‘‘FUND’’; and
(II) in clause (i), by striking
‘‘any insurance fund’’ and inserting
‘‘the Deposit Insurance Fund’’;
(iii) in subsection (c)(4)(G)(ii)—
(I) by striking ‘‘appropriate in-
surance fund’’ and inserting ‘‘Deposit
Insurance Fund’’;
(II) by striking ‘‘the members of
the insurance fund (of which such in-
stitution is a member)’’ and inserting
‘‘insured depository institutions’’;
(III) by striking ‘‘each mem-
ber’s’’ and inserting ‘‘each insured de-
pository institution’s’’; and
(IV) by striking ‘‘the member’s’’
each place such term appears and in-
serting ‘‘the institution’s’’;
(iv) in subsection (c), by striking
paragraph (11);
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(v) in subsection (h), by striking
‘‘Bank Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’;
(vi) in subsection (k)(4)(B)(i), by
striking ‘‘Savings Association Insurance
Fund’’ and inserting ‘‘Deposit Insurance
Fund’’; and
(vii) in subsection (k)(5)(A), by strik-
ing ‘‘Savings Association Insurance Fund’’
and inserting ‘‘Deposit Insurance Fund’’;
(N) in section 14(a) (12 U.S.C. 1824(a))
in the 5th sentence—
(i) by striking ‘‘Bank Insurance Fund
or the Savings Association Insurance
Fund’’ and inserting ‘‘Deposit Insurance
Fund’’; and
(ii) by striking ‘‘each such fund’’ and
inserting ‘‘the Deposit Insurance Fund’’;
(O) in section 14(b) (12 U.S.C. 1824(b)),
by striking ‘‘Bank Insurance Fund or Savings
Association Insurance Fund’’ and inserting
‘‘Deposit Insurance Fund’’;
(P) in section 14(c) (12 U.S.C. 1824(c)),
by striking paragraph (3);
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may set semiannual assessments in excess
of the amount permitted under clauses (i)
and (iii) with respect to insured depository
institutions that exhibit financial, oper-
ational, or compliance weaknesses ranging
from moderately severe to unsatisfactory,
or are not well capitalized, as that term is
defined in section 38.’’.
SEC. 2709. TREASURY STUDY OF COMMON DEPOSITORY IN-
STITUTION CHARTER.
(a) STUDY REQUIRED.—The Secretary of the Treas-
ury shall conduct a study of all issues which the Secretary
considers to be relevant with respect to the development
of a common charter for all insured depository institutions
(as defined in section 3 of the Federal Deposit Insurance
Act) and the abolition of separate and distinct charters
between banks and savings associations.
(b) REPORT TO THE CONGRESS.—
(1) IN GENERAL.—The Secretary of the Treas-
ury shall submit a report to the Congress on or be-
fore March 31, 1997, containing the findings and
conclusions of the Secretary in connection with the
study conducted pursuant to subsection (a).
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(2) DETAILED
ANALYSIS
AND
RECOMMENDA-
TIONS.—The report under paragraph (1) shall in-
clude—
(A) a detailed analysis of each issue the
Secretary considered relevant to the subject of
the study;
(B) recommendations of the Secretary with
regard to the establishment of a common char-
ter for insured depository institutions (as de-
fined in section 3 of the Federal Deposit Insur-
ance Act); and
(C) such recommendations for legislative
and administrative action as the Secretary de-
termines to be appropriate to implement the
recommendations of the Secretary under sub-
paragraph (B).
SEC. 2710. DEFINITIONS.
For purposes of this subtitle, the following definitions
shall apply:
(1) BANK INSURANCE FUND.—The term ‘‘Bank
Insurance Fund’’ means the fund established pursu-
ant to section (11)(a)(5)(A) of the Federal Deposit
Insurance Act, as that section existed on the day be-
fore the date of enactment of this Act.
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GENERAL EXPENSES
For an additional amount for the Capitol Police
Board for necessary expenses for the design and installa-
tion of security systems for the Capitol buildings and
grounds, $3,250,000, which shall remain available until
expended.
ARCHITECT OF THE CAPITOL
CAPITOL BUILDINGS AND GROUNDS
CAPITOL BUILDINGS
For an additional amount for ‘‘Capitol Buildings
and Grounds, Capitol Buildings’’, $250,000, to remain
available until expended, for architectural and engineer-
ing services related to the design and installation of secu-
rity systems for Capitol buildings and grounds.
SENATE OFFICE BUILDINGS
Of the funds appropriated under the heading,
‘‘ARCHITECT OF THE CAPITOL, Capitol Buildings
and Grounds, Senate office buildings’’ in Public Law
104–53, $650,000 shall remain available until September
30, 1997 for furniture, furnishings, and equipment for
the Senate employees’ child care center.
GENERAL PROVISIONS
CONGRESSIONAL AWARD ACT AMENDMENTS OF 1996
SEC. 5401. (a) EXTENSION OF REQUIREMENTS
REGARDING
FINANCIAL
OPERATIONS
OF
CONGRES-
SIONAL AWARD PROGRAM; NONCOMPLIANCE WITH RE-