ance Act (12 U.S.C. 1817(b)(2)) is amended by inserting
after subparagraph (G) the following new subparagraphs:
‘‘(H) REDUCED ASSESSMENT RATES CON-
TINUE TO APPLY TO FORMER BIF MEMBERS.—
Until the deposit insurance fund first meets or
exceeds the designated reserve ratio, the aver-
age assessment rates applicable under the risk-
based assessment system for any semiannual
period with respect to insured depository insti-
tutions which were Bank Insurance Fund mem-
bers on the day before the date of the enact-
ment of the Deposit Insurance Fund Merger
Act of 1995 shall not exceed the greater of—
‘‘(i) the average of the assessment
rates which would be applicable to such in-
stitutions under this section for any semi-
annual period if the amendments made by
such Act had not been enacted; or
‘‘(ii) 6 basis points.
‘‘(I) 
SCHEDULE
FOR
MEETING
DES-
IGNATED
RESERVE
RATIO.—Notwithstanding
paragraph (3), upon the enactment of the De-
posit Insurance Fund Merger Act of 1995, the
Corporation shall prescribe a schedule in the
manner provided in paragraph (3)(B) which
culminates in a reserve ratio that is equal to or
greater than the designated reserve ratio not
later than 5 years after the date of the enact-
ment of such Act.’’.
(c) REPEAL OF CONVERSION MORATORIUM, EXIT
FEE, AND ‘‘OAKAR BANK’’ PROVISIONS.—Section 5(d) of
the Federal Deposit Insurance Act (12 U.S.C. 1815(d))
is amended by striking paragraphs (2) and (3).
(D) TECHNICAL AND CONFORMING AMENDMENTS.—
(1) Section 5(d)(1) of the Federal Deposit In-
surance Act (12 U.S.C. 1815(d)(1)) is amended by
striking ‘‘Bank Insurance Fund and the Savings As-
sociation Insurance Fund’’ and inserting ‘‘deposit
insurance fund’’.
(2) Section 7(b) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1817(b)) is amended—
(A) in paragraph (1)(D), by striking
‘‘each’’ and inserting ‘‘the’’;
(B) in paragraph (2)(A)(i)(I), by striking
‘‘each’’ and inserting ‘‘the’’;
(C) in paragraph (2)(A)(iii), by striking ‘‘a
deposit’’ and inserting ‘‘the deposit’’;
(D) in paragraph (2)(A)(iv), by striking
‘‘each’’ and inserting ‘‘the’’;
(E) by striking subparagraph (B) of para-
graph (2);
(F) in paragraph (2)(C), by striking
‘‘each’’ and inserting ‘‘the’’;
(G) by striking subparagraphs (E) and (F)
of paragraph (2);
(H) in paragraph (2)(G), by striking ‘‘a
deposit’’ and inserting ‘‘the deposit’’;
(I) in paragraph (3)(A), by striking ‘‘any
deposit’’ and inserting ‘‘the deposit’’;
(J) in paragraph (3)(C), by striking every-
thing after ‘‘subparagraph (B)’’ the 1st time
such term appears and inserting a period.
(K) by striking subparagraph (D) of para-
graph (3);
(L) in paragraph (6)(A)(ii), by striking
‘‘Bank Insurance Fund members’’ and inserting
‘‘insured depository institutions’’; and
(M) by striking subparagraph (B) of para-
graph (6).
(3) Section 7 of the Federal Deposit Insurance
Act (12 U.S.C. 1817) is amended by striking sub-
section (l).
(4) Section 11(f)(1) of the Federal Deposit In-
surance Act (12 U.S.C. 1821(f)(1)) is amended by
striking ‘‘, except that—’’ and all that follows
through the period at the end and inserting a period.
(5) Section 11(i)(3) of the Federal Deposit In-
surance Act (12 U.S.C. 1821(i)(3)) is amended by
striking subparagraph (B) and by redesignating sub-
paragraph (C) as subparagraph (B).
(6) Section 11A(a) of the Federal Deposit In-
surance Act (12 U.S.C. 1821A(a)) is amended—
(A) in paragraph (2)(B), by striking ‘‘Sav-
ings Association Insurance Fund’’ and inserting
‘‘deposit insurance fund’’; and
(B) in paragraph (3), by striking ‘‘Bank
Insurance Fund, the Savings Association Insur-
ance Fund,’’ and inserting ‘‘deposit insurance
fund’’.
(7) Section 13 of the Federal Deposit Insurance
Act (12 U.S.C. 1823) is amended—
(A) in subsection (a)(1) by striking ‘‘Bank
Insurance Fund, Savings Association Insurance
Fund,’’ and inserting ‘‘deposit insurance fund’’;
(B) by striking paragraph (11) of sub-
section (c);
(C) in subsection (k)(4)(B)(ii), by striking
‘‘Savings Association Insurance Fund member’’
and inserting ‘‘savings association’’; and
(D) in subsection (k)(5)(A), by striking
‘‘Savings Association Insurance Fund mem-
bers’’ and inserting ‘‘savings associations’’.
(8) Section 14 of the Federal Deposit Insurance
Act (12 U.S.C. 1824) is amended—
(A) in subsection (a), by striking ‘‘Bank
Insurance Fund or the Savings Association In-
surance Fund’’ and inserting ‘‘deposit insur-
ance fund’’;
(B) in subsection (a), by striking ‘‘Bank
Insurance Fund or Savings Association Insur-
ance Fund’’ and inserting ‘‘deposit insurance
fund’’;
(C) in subsection (c), by striking para-
graph (3); and
(D) in subsection (d)—
(i) by striking ‘‘Bank Insurance Fund
members’’ each place such term appears
and inserting ‘‘insured depository institu-
tions’’;
(ii) by striking ‘‘Bank Insurance
Fund member’’ each place such term ap-
pears and inserting ‘‘insured depository in-
stitution’’; and
(iii) by striking ‘‘Bank Insurance
Fund’’ each place such term appears
(other than in connection with a term re-
ferred to in clause (i) or (ii)) and inserting
‘‘deposit insurance fund’’.
(9) Section 15(c)(5) of the Federal Deposit In-
surance Act (12 U.S.C. 1825(c)(5)) is amended—
(A) by striking ‘‘Bank Insurance Fund or
Savings Association Insurance Fund, respec-
tively,’’ each place such term appears and in-
serting ‘‘deposit insurance fund’’; and
(B) by striking ‘‘Bank Insurance Fund or
the Savings Association Insurance Fund, re-
spectively,’’ each place such term appears and
inserting ‘‘deposit insurance fund’’.
(10) Section 17 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1827) is amended by striking
‘‘Bank Insurance Fund, Savings Association Insur-
ance Fund,’’ each place such term appears and in-
serting ‘‘deposit insurance fund’’.
(11) Section 18(m)(3) of the Federal Deposit
Insurance Act (12 U.S.C. 1828(m)(3)) is amend-
ed—
(A) in subparagraph (A)—
(i) by inserting ‘‘of an insured savings
association or a subsidiary of any such as-
sociation’’ after ‘‘specific activity’’;
(ii) by striking ‘‘Savings Association
Insurance Fund.’’ and inserting ‘‘deposit
insurance fund.’’; and
(iii) by striking ‘‘that Savings Asso-
ciation Insurance Fund member’’ and in-
serting ‘‘such savings association’’; and
(B) in subparagraph (C), by striking ‘‘Sav-
ings Association Insurance Fund or the Bank
Insurance Fund’’ and inserting ‘‘deposit insur-
ance fund’’.
(12) Section 31 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1831h) is amended—
(A) in subsection (a), by striking ‘‘Insur-
ance Fund’’; and
(B) in subsection (b)(2), by striking ‘‘Sav-
ings Association Insurance Fund members’’ and
inserting ‘‘savings associations’’.
(13) Section 38(o)(1)(B) of the Federal Deposit
Insurance Act (12 U.S.C. 1831o(o)(1)(B)) is amend-
ed by striking ‘‘Savings Association Insurance
Fund’’ and inserting ‘‘deposit insurance fund’’.
SEC. 3. PAYMENT OF FICO COSTS BY FORMER SAIF MEM-
BERS AND THEIR SUCCESSORS.
(a) IN GENERAL.—Section 21(f)(2) of the Federal
Home Loan Bank Act (12 U.S.C. 1441(f)(2)) is amend-
ed—
(1) in the provision preceding subparagraph
(A)—
(A) by striking ‘‘each Savings Association
Insurance Fund member’’ and inserting ‘‘each
designated insured depository institution’’; and
(B) by striking ‘‘such members’’ and in-
serting ‘‘such institutions’’; and
(2) in subparagraph (A), by striking ‘‘Savings
Association Insurance Fund members’’ and inserting
‘‘insured depository institutions’’.
(b) DESIGNATED INSURED DEPOSITORY INSTITU-
TION DEFINED.—Section 21(f) of the Federal Home Loan
Bank Act (12 U.S.C. 1441(f)) is amended by adding at
the end the following new paragraph:
‘‘(4) DESIGNATED INSURED DEPOSITORY INSTI-
TUTION DEFINED.—For purposes of paragraph (2),
the term ‘designated insured depository institu-
tion’—
‘‘(A) means any insured depository institu-
tion which, as of January 1, 1995, or at any
time after such date, was a Savings Association
Insurance Fund member under the Federal De-
posit Insurance Act (as in effect on the day be-
fore the date of the enactment of the Deposit
Insurance Fund Merger Act of 1995), including
any Savings Association Insurance Fund mem-
ber referred to in section 5(d)(2)(G) of such
Act (as in effect on such day);
‘‘(B) includes, in the case of any insured
depository institution which, as of January 1,
1995, or at any time after such date, was a
Bank Insurance Fund member which had de-
posits which were treated, under section 5(d)(3)
of the Federal Deposit Insurance Act (as in ef-
fect on the day before the date of the enact-
ment of the Deposit Insurance Fund Merger
Act of 1995), as deposits which were insured by
the Savings Association Insurance Fund, the
adjusted attributable deposit amount with re-
spect to such member as determined under sec-
tion 5(e)(3)(C) of such Act (as in effect on such
day) (and such section, as in effect on such
day, shall continue to apply with respect to the
determination of the adjusted attributable de-
posit amount of such institution for purposes of
this subsection); and
‘‘(C) includes any other insured depository
institution which acquires (as defined in section
13(f)(8)(B) of the Federal Deposit Insurance
Act) such insured depository institution or is
otherwise a successor in interest to such institu-
tion.’’.
SEC. 4. 1-TIME SPECIAL SAIF CAPITALIZATION ASSESS-
MENT.
Section 7(b) of the Federal Deposit Insurance Act
(12 U.S.C. 1817(b)) is amended by inserting after para-
graph (7) the following new paragraph:
‘‘(8) SPECIAL 1-TIME ASSESSMENT TO RECAPI-
TALIZE SAIF.—
‘‘(A) IN GENERAL.—The Corporation may,
in the discretion of the Board of Directors, im-
pose a special assessment on—
‘‘(i) each insured depository institu-
tion which, as of January 1, 1995, or at
any time after such date, was a Savings
Association Insurance Fund member under
the Federal Deposit Insurance Act (as in
effect on the day before the date of the en-
actment of the Deposit Insurance Fund
Merger Act of 1995); and
‘‘(ii) any other insured depository in-
stitution which acquires (as defined in sec-
tion 13(f)(8)(B) of the Federal Deposit In-
surance Act) such insured depository insti-
tution or is otherwise a successor in inter-
est to such institution,
in an amount not greater than 0.40 percent of
the assessment base, as of January 1, 1995, on
which assessments are imposed under the risk-
based assessment system established pursuant
to paragraph (1).
‘‘(B) DEPOSIT OF ASSESSMENT IN SAIF.—
The proceeds of any assessment imposed under
subparagraph (A) shall be deposited in the Sav-
ings Association Insurance Fund.
‘‘(C) 
IMPOSITION
OVER
PERIOD
OF
YEARS.—The assessment authorized under sub-
paragraph (A) may be imposed incrementally
over such period of years as the Board of Di-
rectors may determine to be appropriate, except
the larger percentage of any such incremental
assessment shall be allocated to the first year of
the effective period for such assessment.
‘‘(D) ABATEMENT FOR TROUBLED INSTI-
TUTIONS.—The Board of Directors may abate
any portion of any assessment under this para-
graph in the case of any undercapitalized insti-
tution or any institution which would become
undercapitalized as a result of the imposition of
such assessment.’’.
Æ