‘‘(i) shall be subject to regulation by 
the Commission; 
‘‘(ii) shall be capitalized by partici-
pants in the credit-default swap trading 
clearinghouse at a level that is sufficient to 
guarantee payment for trading in credit- 
default swaps; and 
‘‘(iii) may assess participants in the 
credit-default swap trading clearinghouse 
in an amount necessary to maintain a de-
fault fund for the credit-default swap trad-
ing clearinghouse. 
‘‘(C) RECORDKEEPING.—The Commission, 
by rule, shall require any person holding, main-
taining, or controlling any position in any re-
portable contract under this paragraph— 
‘‘(i) to maintain such records as di-
rected by the Commission for a period of 
5 years, or longer, if directed by the Com-
mission; and 
‘‘(ii) to provide such records upon re-
quest to the Commission, the Department 
of Justice, the Securities and Exchange 
Commission, or the Federal Reserve Sys-
tem, as applicable. 
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‘‘(D) REPORTING OF POSITIONS INVOLV-
ING
CREDIT-DEFAULT
SWAPS.—The Commis-
sion shall prescribe rules requiring such regular 
or continuous reporting of positions in report-
able contracts in accordance with such require-
ments regarding size limits for reportable posi-
tions and the form, timing, and manner of fil-
ing such reports under this paragraph, as the 
Commission shall determine.’’. 
(b) CONFORMING AMENDMENTS.—Section 4a(e) of 
the Commodity Exchange Act (7 U.S.C. 6a(e)) is amend-
ed— 
(1) in the first sentence— 
(A) by inserting ‘‘, by any credit-default 
swap trading clearinghouse (as defined in sec-
tion 2(h)(8)(A)),’’ after ‘‘registered by the Com-
mission’’; and 
(B) by inserting ‘‘, credit-default swap 
trading clearinghouse,’’ after ‘‘derivatives trans-
action execution facility’’; and 
(2) in the second sentence, by inserting ‘‘, by 
any credit-default swap trading clearinghouse (as de-
fined in section 2(h)(8)(A)),’’ after ‘‘registered by 
the Commission’’. 
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SEC. 119. FEDERAL RESERVE BOARD AUTHORITY OVER IN-
VESTMENT BANK HOLDING COMPANIES. 
(a) REGULATION BY THE BOARD OF GOVERNORS OF 
THE FEDERAL RESERVE SYSTEM.— 
(1) RULEMAKING REQUIRED.—Not later than 
90 days after the date of the enactment of this Act, 
the Board shall issue final rules to provide for the 
examination of the safety and soundness of, and the 
extent of systemic risk to the financial system of the 
United States posed by, any investment bank hold-
ing company organized in or doing business in the 
United States. 
(2) INFORMATION
FROM
INVESTMENT
BANK 
HOLDING
COMPANIES.—The rules of the Board 
under this section shall provide for reasonable re-
porting of information by each investment bank 
holding company, to the extent necessary to carry 
out the purposes of this section. 
(b) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed as negating or preempting the au-
thority of the Securities and Exchange Commission to ex-
ercise its authority over broker or dealer operations in ac-
cordance with applicable provisions of law. 
(c) EXCHANGE
OF
INFORMATION
ON
SYSTEMIC 
RISK.—The Securities and Exchange Commission, the 
Commodity Futures Trading Commission, and other ap-
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propriate Federal regulatory agencies shall provide to the 
Board all relevant information, as directed by the Board, 
on the activities of investment bank holding companies 
with respect to the prevention of systemic risk to the fi-
nancial system of the United States posed by such activi-
ties. 
(d) ENFORCEMENT PROVISIONS.—Any violation of 
this section or the rules of the Board under this section 
shall be subject to the enforcement and penalty provisions 
of the Bank Holding Company Act of 1956, in the same 
manner and to the same extent as those provisions are 
applicable to violations of that Act by a bank holding com-
pany (as defined in that Act). 
(e) AUTHORIZATION
OF APPROPRIATIONS.—There 
are authorized to be appropriated to the Board such sums 
as may be necessary to carry out this section. 
(f) DEFINITIONS.—For purposes of this section, the 
term ‘‘investment bank holding company’’ means— 
(1) any person other than a natural person that 
owns or controls 1 or more brokers or dealers (as 
those terms are defined in section 3 of the Securities 
Exchange Act of 1934 (15 U.S.C. 78c)); and 
(2) the associated persons thereof. 
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(g) CONFORMING
AMENDMENTS.—The Securities 
Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amend-
ed— 
(1) in section 6(g)(4)(A)(iv) (15 U.S.C. 
78f(g)(4)(A)(iv)), by striking ‘‘and (k)’’ and insert-
ing ‘‘and (i)’’; 
(2) in section 15(b) (15 U.S.C. 78(o)(b))— 
(A) in paragraph (11)(B)(vi), by striking 
‘‘(h), and (i)’’ and inserting ‘‘and (h)’’; and 
(B) in paragraph (12)(B)(vi), by striking 
‘‘(h), and (i)’’ and inserting ‘‘and (h)’’; 
(3) in section 15A(k)(4)(C) (15 U.S.C. 78o– 
3(k)(4)(C)), by striking ‘‘and (k)’’ and inserting 
‘‘and (i)’’; and 
(4) in section 17 (15 U.S.C. 78q)— 
(A) by striking subsections (i) and (j); and 
(B) by redesignating subsection (k) as sub-
section (i). 
SEC. 120. REGULATIONS ON CLEARINGHOUSE OPERATIONS 
AND FRAUDULENT, DECEPTIVE, AND MA-
NIPULATIVE ACTS. 
(a) RULEMAKING REQUIRED.—Not later than 90 
days after the date of the enactment of this Act, the Secu-
rities and Exchange Commission (in this section referred 
to as the ‘‘Commission’’), in consultation with the Board 
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and the Commodity Futures Trading Commission, shall 
issue final rules— 
(1) to designate clearinghouses for credit-de-
fault swaps; and 
(2) to prohibit fraudulent, deceptive, or ma-
nipulative acts or practices in connection with credit- 
default swaps. 
(b) CRITERIA.—Rules of the Commission under this 
section shall require that clearinghouses— 
(1) are capitalized by participants to a level 
adequate to guarantee payments; and 
(2) are authorized to assess members for a de-
fault fund. 
(c) REQUIRED USE OF CLEARINGHOUSES.—Any per-
son that engages in a credit-default swap transaction shall 
utilize a clearinghouse designated by the Commission for 
such purpose in accordance with the rules issued under 
subsection (a). 
Subtitle B—Administrative 
Provisions 
SEC. 151. ANNUAL BUDGET. 
The Chairperson shall develop for each fiscal year a 
consolidated budget proposal for the Council to implement 
this title, and shall transmit such budget proposal to the 
President and the Congress. 
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SEC. 152. PERSONNEL MATTERS. 
(a) COUNCIL STAFF.— 
(1) IN GENERAL.—The Chairperson may ap-
point and terminate such personnel as may be nec-
essary to enable to the Council to perform its duties. 
The Chairperson may establish positions in the ex-
cepted service for employees of the Council. 
(2) COMPENSATION.—The Chairperson may fix 
the compensation of Council personnel without re-
gard to the provisions of chapter 51 and subchapter 
III of chapter 53 of title 5, United States Code, re-
lating to classification of positions and General 
Schedule pay rates, except that the rate of pay for 
such personnel may not exceed the rate payable for 
level V of the Executive Schedule under section 5316 
of such title. 
(3) OTHER
PERSONNEL
AUTHORITIES.—The 
Chairperson may exercise any personnel authority of 
any of the Federal financial regulators for the pur-
poses of recruiting, hiring, or retention of Council 
personnel. 
(b) DETAIL
OF GOVERNMENT EMPLOYEES.—Any 
Federal Government employee may be detailed to the 
Council without reimbursement, and such detail shall be 
without interruption or loss of civil service status or privi-
lege. 
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(c) PROCUREMENT OF TEMPORARY AND INTERMIT-
TENT SERVICES.—The Chairperson may procure tem-
porary and intermittent services under section 3109(b) of 
title 5, United States Code, at rates for individuals that 
do not exceed the daily equivalent of the annual rate of 
basic pay prescribed for level V of the Executive Schedule 
under section 5316 of such title. 
SEC. 153. PERSONNEL PROGRAMS AND POLICIES. 
(a) IN GENERAL.—The Chairperson shall prescribe, 
in consultation with the heads of the Federal financial reg-
ulators, personnel policies and programs applicable to the 
Council and the Federal financial regulators that 
(1) set standards for education, training, and 
career development of personnel; 
(2) encourage and facilitate the recruitment 
and retention by the Council and the Federal finan-
cial regulators of highly qualified individuals for the 
effective conduct of their responsibilities; and 
(3) the Chairperson shall prescribe mechanisms 
to facilitate the rotation of personnel of the Federal 
financial regulators through various components and 
departments of the Federal financial regulators in 
the course of their careers in order to facilitate the 
widest possible understanding by such personnel of 
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the variety of financial regulation, methods, users, 
and capabilities. 
(b) MECHANISMS AUTHORIZED.—The mechanisms 
prescribed under subparagraph (A) may include, among 
others— 
(1) the establishment of special occupational 
categories involving service, over the course of a ca-
reer, in more than 1 Federal financial regulator; 
(2) the provision of rewards for service in posi-
tions undertaking analysis and planning of oper-
ations involving 2 or more Federal financial regu-
lators; and 
(3) the establishment of requirements for edu-
cation, training, service, and evaluation for service 
involving more than 1 Federal financial regulator. 
SEC. 154. EXECUTIVE SCHEDULE MATTERS. 
Section 5312 of title 5, United States Code, is 
amended by adding at the end the following new item: 
‘‘Chairperson of the Financial Stability Coun-
cil.’’. 
SEC. 155. TRANSITIONAL AUTHORITIES. 
Upon request of the Chairperson, the head of any ex-
ecutive agency may, on a reimbursable basis, provide serv-
ices or detail personnel to the Chairperson or the Council. 
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SEC. 156. PROHIBITION ON POLITICAL CAMPAIGNING. 
The Chairperson may not participate in Federal elec-
tion campaign activities, except that the Chairperson is 
not prohibited by this subsection from making contribu-
tions to individual candidates. 
SEC. 157. AUTHORIZATION OF APPROPRIATIONS. 
There are authorized to be appropriated to the Coun-
cil, such sums as may be necessary to carry out this title, 
to remain available until expended. 
SEC. 158. SAVINGS PROVISION. 
Nothing in this title shall be construed to invalidate, 
impair, or supersede any law enacted by any State for the 
purpose of regulating the business of insurance, or which 
imposes a fee or tax upon such business. 
TITLE 
II—ABOLISHMENT 
AND 
TRANSFER OF FUNCTIONS OF 
THE OFFICE OF THRIFT SU-
PERVISION 
SEC. 201. DEFINITIONS. 
In this title— 
(1) the term ‘‘Comptroller’’ means the Comp-
troller of the Currency; 
(2) the term ‘‘Director’’ means the Director of 
the Office of Thrift Supervision; 
(3) the term ‘‘Office’’ (other than as used in 
connection with the Office of the Comptroller of the 
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Currency) means the Office of Thrift Supervision; 
and 
(4) the term ‘‘transition period’’ means the 
180-day period described in section 204(a). 
SEC. 202. TRANSFER OF POWERS OF THE DIRECTOR OF 
THE OFFICE OF THRIFT SUPERVISION. 
The Comptroller shall have all powers that were vest-
ed in the Director on the day before the effective date 
under section 203. 
SEC. 203. ABOLISHMENT OF THE OFFICE OF THRIFT SU-
PERVISION. 
Effective at the end of the transition period, the Of-
fice established under section 3 of the Home Owners’ 
Loan Act (12 U.S.C. 1462a) and the position of Director 
are abolished. 
SEC. 204. TRANSITION PERIOD. 
(a) DISPOSITION OF AFFAIRS.—During the 180-day 
period beginning on the date of the enactment of this Act, 
the Director— 
(1) shall, solely for the purpose of winding up 
the affairs of the Office— 
(A) manage the employees of the Office 
and provide for the payment of compensation 
and benefits of any such employees that accrue 
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before the effective date of the transfer of such 
employee under section 207; and 
(B) manage any property of the Office 
until such property is transferred under section 
207; and 
(2) may take any other action necessary for the 
purpose of winding up the affairs of the Office. 
(b) AUTHORITY AND STATUS OF DIRECTOR.— 
(1) IN GENERAL.—Notwithstanding the abolish-
ment of the Office under section 203, the Director 
shall have any authority vested in the Director be-
fore the effective date of such abolishment that is 
necessary for the Director to carry out the require-
ments of this section during the transition period. 
(2) OTHER
PROVISIONS.—For purposes of 
paragraph (1), the Director shall continue to be— 
(A) treated as an officer of the United 
States during the transition period; and 
(B) entitled to compensation at the annual 
rate of basic pay payable for level III of the Ex-
ecutive Schedule. 
(c) STATUS OF EMPLOYEES BEFORE TRANSFER.— 
(1) EMPLOYEES OF OFFICE.—Any employee of 
the Office shall be treated as an employee of the Of-
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fice of the Comptroller of the Currency on and after 
the effective date under section 203. 
(2) RULE
OF
CONSTRUCTION.—The abolish-
ment of the Office under section 203 shall not be 
construed as affecting the status of any employee of 
the Office as an employee of an agency of the 
United States for purposes of any other provision of 
law in effect before the effective date of the transfer 
of any such employee under section 207. 
(d) CONTINUATION OF SERVICES.— 
(1) IN
GENERAL.—The Comptroller may use 
the services of employees and other personnel and 
the property of the Office, on a reimbursable basis, 
to perform functions which have been transferred to 
the Office of the Comptroller of the Currency for 
such time as is reasonable to facilitate the orderly 
transfer of functions under any provision of this 
title. 
(2) AGENCY
SERVICES.—Any agency, depart-
ment, or other instrumentality of the United States 
(including any Federal home loan bank), and any 
successor to any such agency, department, or instru-
mentality, which was providing supporting services 
to the Office before the date of the enactment of this 
Act in connection with functions that are transferred 
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to the Office the Comptroller of the Currency 
shall— 
(A) continue to provide such services, on a 
reimbursable basis, until the transfer of such 
functions is complete; and 
(B) consult with any such agency to co-
ordinate and facilitate a prompt and reasonable 
transition. 
SEC. 205. SAVINGS PROVISIONS. 
(a) EXISTING RIGHTS, DUTIES, AND OBLIGATIONS 
NOT AFFECTED.—The abolishment of the Office under 
this title shall not affect the validity of any right, duty, 
or obligation of the United States, the Office, or any other 
person, that existed on the day before the date of the en-
actment of this Act. 
(b) CONTINUATION OF SUITS.—No action or other 
proceeding commenced by or against the Office, or any 
Federal home loan bank with respect to any function of 
the Office that was delegated to employees of such bank, 
shall abate by reason of the enactment of this title, except 
that the appropriate successor to the interests of the Of-
fice shall be substituted for the Office or the Federal home 
loan bank as a party to any such action or proceeding. 
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SEC. 206. CONTINUATION OF REGULATIONS. 
(a) CONTINUATION OF ORDERS, RESOLUTIONS, DE-
TERMINATIONS, AND REGULATIONS.—All orders, resolu-
tions, determinations, and regulations, which have been 
issued, made, prescribed, or allowed to become effective 
by the Director, or by a court of competent jurisdiction, 
in the performance of functions which are transferred by 
this title and are in effect on the effective date under sec-
tion 203, shall continue in effect according to the terms 
of such orders, resolutions, determinations, and regula-
tions and shall be enforceable by or against the Comp-
troller until modified, terminated, set aside, or superseded 
in accordance with applicable law by the Comptroller by 
any court of competent jurisdiction, or by operation of law. 
(b) TREATMENT OF REFERENCES IN ADJUSTABLE 
RATE MORTGAGE INSTRUMENTS.— 
(1) IN GENERAL.—For purposes of adjustable 
rate mortgage instruments that are in effect as of 
the date of the enactment of this Act, any reference 
in the instrument to the Office of Thrift Supervision 
before such date shall be treated as a reference to 
the Office of the Comptroller of the Currency, as ap-
propriate on the basis of the transfer of functions 
under this title, unless the context of the reference 
requires otherwise. 
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(2) SUBSTITUTION FOR INDEXES.—If any index 
used to calculate the applicable interest rate on any 
adjustable rate mortgage instrument is no longer 
calculated and made available as a direct or indirect 
result of the enactment of this title, any index made 
available by the Comptroller or determined by the 
Comptroller to be substantially similar to the index 
that is no longer calculated or made available may 
be substituted by the holder of any such adjustable 
rate mortgage instrument upon notice to the bor-
rower. 
(3) AGENCY
ACTION
REQUIRED
TO
PROVIDE 
CONTINUED AVAILABILITY OF INDEXES.—Promptly 
after the date of the enactment of this Act, the 
Comptroller shall take such action as may be nec-
essary to assure that the indexes prepared by the 
Office immediately prior to the date of the enact-
ment of this Act and used to calculate the interest 
rate on adjustable rate mortgage instruments con-
tinue to be available. 
(4) REQUIREMENTS RELATING TO SUBSTITUTE 
INDEXES.—If any agency can no longer make avail-
able an index, an index that is substantially similar 
to such index may be substituted for such index, if 
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the Comptroller determines, after notice and oppor-
tunity for comment, that— 
(A) the new index is based upon data sub-
stantially similar to that of the original index; 
and 
(B) the substitution of the new index will 
result in an interest rate substantially similar to 
the rate in effect at the time the original index 
became unavailable. 
SEC. 207. TRANSFER OF FUNCTIONS, PERSONNEL, AND 
PROPERTY. 
(a) DETERMINATION OF TRANSFERRED FUNCTIONS 
AND EMPLOYEES.— 
(1) ALL
OTS
EMPLOYEES
SHALL
BE
TRANS-
FERRED.—All employees of the Office shall be trans-
ferred to the Office of the Comptroller of the Cur-
rency. 
(2) 
FUNCTIONS
AND
EMPLOYEES
TRANS-
FERRED.— 
(A) IN GENERAL.—During the transition 
period, the Comptroller and the Director shall 
jointly determine the functions or activities of 
the Office and the number of employees nec-
essary to perform or support each such function 
or activity transferred from the Office to the 
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Office of the Comptroller of the Currency under 
this title. 
(B) ALLOCATION
OF
EMPLOYEES.—The 
Comptroller shall allocate the employees of the 
Office consistent with the number determined 
under subparagraph (A) in a manner which the 
Comptroller, in the sole discretion of the Comp-
troller, determines is equitable, except that, 
within work units, the preferences of individual 
employees shall be accommodated as far as pos-
sible. 
(b) RIGHTS OF EMPLOYEES OF OTS.— 
(1) IN GENERAL.—All employees identified for 
transfer under subsection (a) shall— 
(A) be transferred to the Office of the 
Comptroller of the Currency for employment no 
later than the end of the transition period, and 
such transfer shall be deemed a transfer of 
function for purposes of section 3503 of title 5, 
United States Code; 
(B) be guaranteed a position with the 
same status, tenure, grade, and pay as that 
held on the day immediately preceding the 
transfer; and each such employee holding a per-
manent position shall not be involuntarily sepa-
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rated or reduced in grade or compensation for 
1 year after the date of transfer, except for 
cause or, if the employee is a temporary em-
ployee, separated in accordance with the terms 
of the appointment; and 
(C) in the case of employees occupying po-
sitions in the excepted service or the Senior Ex-
ecutive Service, continue to be subject to any 
appointment authority established under law or 
regulations of the Office of Personnel Manage-
ment for filling such positions, except that the 
Office of the Comptroller of the Currency may 
decline a transfer of authority (and the employ-
ees appointed pursuant thereto) to the extent 
that such authority relates to positions excepted 
from the competitive service because of their 
confidential, policy-making, policy-determining, 
or policy-advocating character, and noncareer 
positions in the Senior Executive Service (with-
in the meaning of section 3132(a)(7) of title 5, 
United States Code). 
(2) MAJOR REORGANIZATION.—If the Office of 
the Comptroller of the Currency determines, after 
the end of the 1-year period beginning on the date 
that the transfer of functions to the Office of the 
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Comptroller of the Currency is complete, that a reor-
ganization of the combined work force is required, 
that reorganization shall be deemed a ‘‘major reor-
ganization’’ for purposes of affording affected em-
ployees retirement under section 8336(d)(2) or 
8414(b)(1)(B) of title 5, United States Code. 
(3) BENEFIT PROGRAMS.— 
(A) IN GENERAL.—Any employee accepting 
employment with the Office of the Comptroller 
of the Currency as a result of a transfer under 
this section may retain for 1 year beginning on 
the date on which such transfer occurs member-
ship in any employee benefit program of the Of-
fice of Thrift Supervision, including insurance, 
to which such employee belongs on the date of 
the enactment of this Act if the employee does 
not elect to give up the benefit or membership 
in the program and the benefit or program is 
continued by the Comptroller. 
(B) COST DIFFERENTIAL.—The difference 
in the costs between the benefits which would 
have been provided by such agency or entity 
and those provided by this subsection shall be 
paid by the Comptroller. If any employee elects 
to give up membership in a health insurance 
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program or the health insurance program is not 
continued by the Comptroller, the employee 
shall be permitted to select an alternate Federal 
health insurance program within 30 days of 
such election or notice, without regard to any 
other regularly scheduled open season. 
(4) SENIOR
EXECUTIVE
SERVICE
EMPLOY-
EES.—A transferring employee in the Senior Execu-
tive Service shall be placed in a comparable position 
at the Office of the Comptroller of the Currency. 
(5) NOTICE
OF
ASSIGNMENTS.—Transferring 
employees shall receive notice of their position as-
signments not later than 120 days after the effective 
date of their transfer. 
(c) CONTROL OF PROPERTY AND FACILITIES.—Not 
later than the end of the transition period, the Comptroller 
shall take control of all property of the Office used to per-
form functions and activities of the Office. 
SEC. 208. CONFORMING AMENDMENTS TO THE HOME OWN-
ERS’ LOAN ACT. 
(a) SHORT TITLE AND TABLE OF CONTENTS.—Sec-
tion 1 of the Home Owners’ Loan Act (12 U.S.C. 1461) 
is amended in the table of contents by striking the item 
relating to section 3 and inserting the following: 
‘‘Sec. 3. Powers of the Comptroller relating to savings associations.’’. 
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(b) DEFINITIONS.—Section 2 of the Home Owners’ 
Loan Act (12 U.S.C. 1462) is amended— 
(1) by amending paragraph (1) to read as fol-
lows: 
‘‘(1) COMPTROLLER.—The term ‘Comptroller’ 
means the Comptroller of the Currency.’’; and 
(2) in paragraph (3), by striking ‘‘Thrift Super-
vision’’ and inserting ‘‘the Comptroller of the Cur-
rency’’. 
(c) DIRECTOR OF THE OFFICE OF THRIFT SUPER-
VISION.—Section 3 of the Home Owners’ Loan Act (12 
U.S.C. 1462a) is amended to read as follows: 
‘‘SEC. 3. POWERS OF THE COMPTROLLER RELATING TO 
SAVINGS ASSOCIATIONS. 
‘‘(a) POWERS OF THE COMPTROLLER.—The Comp-
troller shall have all powers that were vested in the Direc-
tor of the Office of Thrift Supervision on the day before 
the date of the enactment of the Financial Regulatory 
Oversight Act of 2009. 
‘‘(b) REGULATIONS.—The Comptroller may prescribe 
such regulations and issue such orders as the Comptroller 
determines are necessary for carrying out this Act. 
‘‘(c) AUTONOMY OF DIRECTOR.—The Secretary of 
the Treasury may not intervene in any matter or pro-
ceeding before the Comptroller (including agency enforce-
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ment actions) relating to this Act, unless otherwise specifi-
cally provided by law. 
‘‘(d) BANKING AGENCY RULEMAKING.—The Sec-
retary of the Treasury may not delay or prevent the 
issuance of any rule or the promulgation of any regulation 
by the Comptroller under this Act. 
‘‘(e) STATE HOMESTEAD PROVISIONS.—No provision 
of this Act shall be construed as superseding any home-
stead provision of any State constitution, including any 
implementing State statute, in effect on the date of the 
enactment of the Riegle-Neal Interstate Banking and 
Branching Efficiency Act of 1994, or any subsequent 
amendment to such a State constitutional or statutory 
provision in effect on such date, that exempts the home-
stead of any person from foreclosure, or forced sale, for 
the payment of all debts, other than a purchase money 
obligation relating to the homestead, taxes due on the 
homestead, or an obligation arising from work and mate-
rial used in constructing improvements on the home-
stead.’’. 
(d) FUNDING THROUGH ASSESSMENTS.—The com-
pensation of employees of the Office, and any other ex-
penses thereof, may be paid from assessments levied under 
the Home Owners’ Loan Act. 
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(e) SUPERVISION OF SAVINGS ASSOCIATIONS.—Sec-
tion 4 of the Home Owners’ Loan Act (12 U.S.C. 1463) 
is amended— 
(1) by striking ‘‘Director’’ each place that term 
appears and inserting ‘‘Comptroller’’; 
(2) in subsection (a)— 
(A) by striking paragraph (2); and 
(B) by redesignating paragraph (3) as 
paragraph (2); and 
(3) in subsection (c), by striking ‘‘of the Cur-
rency’’. 
(f) FEDERAL SAVINGS ASSOCIATIONS.—Section 5 of 
the Home Owners’ Loan Act (12 U.S.C. 1464) is amend-
ed— 
(1) by striking ‘‘Director’’ each place that term 
appears and inserting ‘‘Comptroller’’; 
(2) by striking ‘‘Director’s’’ each place that 
term appears and inserting ‘‘Comptroller’s’’; 
(3) in subsection (d)(1)(A), by inserting ‘‘(with 
respect to insured savings associations)’’ after ‘‘In-
surance Act’’; 
(4) in subsection (d)(2)(A), by striking ‘‘Direc-
tor of the Office of Thrift Supervision’’ and insert-
ing ‘‘Comptroller’’; and 
(5) in subsection (t)— 
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(A) in paragraph (5)(D)(vii), by striking 
‘‘ ‘Director’ ’’ and inserting ‘‘ ‘Comptroller’ ’’; 
(B) in paragraph (9), by striking ‘‘of the 
Currency’’ each place that term appears; and 
(C) in paragraph (10)— 
(i) in the paragraph heading, by strik-
ing ‘‘COMPTROLLER’S’’ and inserting ‘‘NA-
TIONAL BANK’’; and 
(ii) in subparagraph (A), by striking 
‘‘of the Currency’’. 
(g) DISTRICT
ASSOCIATIONS.—Section 8 of the 
Home Owners’ Loan Act (15 U.S.C. 1466a) is amended 
by striking ‘‘Director’’ each place that term appears and 
inserting ‘‘Comptroller’’. 
(h) EXAMINATION FEES.—Section 9 of the Home 
Owners’ Loan Act (15 U.S.C. 1467) is amended— 
(1) by striking ‘‘Director’’ each place that term 
appears and inserting ‘‘Comptroller’’; and 
(2) in subsection (m), by striking ‘‘the Office’’ 
and inserting ‘‘the Comptroller in carrying out this 
Act’’. 
(i) REGULATION OF HOLDING COMPANIES.—Section 
10 of the Home Owners’ Loan Act (15 U.S.C. 1467a) is 
amended by striking ‘‘Director’’ each place that term ap-
pears and inserting ‘‘Comptroller’’. 
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(j) TRANSACTIONS WITH AFFILIATES.—Section 11 
of the Home Owners’ Loan Act (15 U.S.C. 1468) is 
amended by striking ‘‘Director’’ each place that term ap-
pears and inserting ‘‘Comptroller’’. 
(k) ADVERTISING.—Section 12 of the Home Owners’ 
Loan Act (15 U.S.C. 1468a) is amended by striking ‘‘Di-
rector’’ and inserting ‘‘Comptroller for purposes of this 
Act.’’. 
(l) POWERS
OF EXAMINERS.—Section 13 of the 
Home Owners’ Loan Act (15 U.S.C. 1468b) is amended 
by striking ‘‘Director’’ and inserting ‘‘Comptroller’’. 
SEC. 209. CONFORMING AMENDMENTS TO THE FEDERAL 
DEPOSIT INSURANCE ACT. 
The Federal Deposit Insurance Act (12 U.S.C. 1811 
et seq.) is amended— 
(1) in section 2 (12 U.S.C. 1812)— 
(A) in subsection (a)— 
(i) in paragraph (1)— 
(I) in subparagraph (A), by add-
ing ‘‘and’’ at the end; 
(II) by striking subparagraph 
(B); and 
(III) in subparagraph (C), by 
striking ‘‘3’’ and inserting ‘‘2’’; and 
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(ii) in paragraph (2), by striking ‘‘3’’ 
and inserting ‘‘2’’; 
(B) in subsection (d)(2), by striking— 
(i) ‘‘or the office of Director of the 
Office of Thrift Supervision’’; 
(ii) ‘‘or such Director’’; and 
(iii) ‘‘or the acting Director of the Of-
fice of Thrift Supervision, as the case may 
be,’’ and 
(C) in subsection (f), by striking ‘‘or of the 
Office of Thrift Supervision’’; 
(2) in section 3 (12 U.S.C. 1813)— 
(A) in subsection (b)(1)(C), by striking 
‘‘Director of the Office of Thrift Supervision’’ 
and inserting ‘‘Comptroller of the Currency’’; 
(B) in subsection (l)(5), by striking ‘‘, Di-
rector of the Office of Thrift Supervision,’’; 
(C) in subsection (q)— 
(i) in paragraph (1), by striking ‘‘or 
any Federal branch or agency of a foreign 
bank’’ and inserting ‘‘, any Federal branch 
or agency of a foreign bank, any savings 
association, or any savings and loan hold-
ing company’’; 
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(ii) in paragraph (3), by striking ‘‘; 
and’’ and inserting a period; and 
(iii) by striking paragraph (4); and 
(D) in subsection (z), by striking ‘‘the Di-
rector of the Office of Thrift Supervision,’’; 
(3) in section 7 (12 U.S.C. 1817)— 
(A) in subsection (a)— 
(i) in paragraph (2)(A), by striking 
‘‘the Director of the Office of Thrift Su-
pervision,’’ each place that term appears; 
(ii) in paragraph (2)(B)— 
(I) by inserting ‘‘and’’ after 
‘‘Currency,’’; and 
(II) by striking ‘‘and the Director 
of the Office of Thrift Supervision,’’; 
(iii) in paragraph (3)— 
(I) by inserting ‘‘and’’ after 
‘‘Currency,’’; and 
(II) by striking ‘‘, and the Direc-
tor of the Office of Thrift Super-
vision’’; and 
(iv) in paragraph (7), by striking ‘‘, 
the Director of the Office of Thrift Super-
vision,’’; 
(B) in subsection (n)— 
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(i) by striking ‘‘Director of the Office 
of Thrift Supervision’’ each place that 
term appears and inserting ‘‘Comptroller 
of the Currency’’; and 
(ii) by striking ‘‘Director’’ each place 
that term appears and inserting ‘‘Comp-
troller of the Currency’’; 
(4) in section 8 (12 U.S.C. 1818)— 
(A) in the matter following subsection 
(a)(8)(B)(ii)(IV)— 
(i) by striking ‘‘Director of the Office 
of Thrift Supervision’’ each place that 
term appears and inserting ‘‘Comptroller 
of the Currency’’; and 
(ii) by striking ‘‘Federal Savings and 
Loan Insurance Corporation or the Fed-
eral Home Loan Bank Board’’ and insert-
ing ‘‘Office of Thrift Supervision’’; 
(B) in subsection (o), by striking ‘‘Director 
of the Office of Thrift Supervision’’ and insert-
ing ‘‘Comptroller of the Currency’’; and 
(C) in subsection (w), by striking ‘‘Office 
of Thrift Supervision’’ and inserting ‘‘Comp-
troller of the Currency’’; 
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(5) 
in 
section 
10(k)(5)(B) 
(12 
U.S.C. 
1820(k)(5)(B))— 
(A) in clause (ii), by adding ‘‘and’’ at the 
end; 
(B) in clause (iii), by striking ‘‘; and’’ and 
inserting a period; and 
(C) by striking clause (iv); 
(6) in section 11 (12 U.S.C. 1821)— 
(A) in subsection (c)(6), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ each 
place that term appears and inserting ‘‘Comp-
troller of the Currency’’; 
(B) in subsection (d)— 
(i) in paragraph (17)(A), by striking 
‘‘or the Director of the Office of Thrift Su-
pervision’’; and 
(ii) in paragraph (18)(b), by striking 
‘‘or the Director of the Office of Thrift Su-
pervision’’; 
(C) in subsection (m)— 
(i) in paragraph (9), by striking ‘‘or 
the Director of the Office of Thrift Super-
vision, as appropriate’’; 
(ii) in paragraph (16), by striking ‘‘or 
the Director of the Office of Thrift Super-
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vision, as appropriate,’’ each place that 
term appears; and 
(iii) in paragraph (18), by striking 
‘‘or the Director of the Office of Thrift Su-
pervision, as appropriate,’’ each place that 
term appears; and 
(D) in subsection (n)— 
(i) in paragraph (1)(A), by striking ‘‘, 
or the Director of the Office of Thrift Su-
pervision, with respect to’’ and inserting 
‘‘or’’; 
(ii) in paragraph (2)(A), by striking 
‘‘or the Director of the Office of Thrift Su-
pervision’’; 
(iii) in paragraph (4)(G), by striking 
‘‘and the Director of the Office of Thrift 
Supervision, as appropriate,’’; and 
(iv) in paragraph (12)(B), by striking 
‘‘or the Director of the Office of Thrift Su-
pervision, as appropriate,’’ each place that 
term appears; 
(7) in section 13(k)(1)(A)(iv) (12 U.S.C. 
1823(k)(1)(A)(iv)), by striking ‘‘Director of the Of-
fice of Thrift Supervision’’ and inserting ‘‘Comp-
troller of the Currency’’; 
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(8) in section 18 (12 U.S.C. 1828)— 
(A) in subsection (c)(2)— 
(i) in subparagraph (A), by striking 
‘‘bank is to be a national bank’’ and in-
serting ‘‘institution is to be a national 
bank or savings association’’; 
(ii) in subparagraph (B)— 
(I) by striking ‘‘Director of the 
Office of Thrift Supervision’’ and in-
serting ‘‘Comptroller of the Cur-
rency’’; and 
(II) by adding ‘‘and’’ at the end; 
(iii) in subparagraph (C), by striking 
‘‘; and’’ and inserting a period; and 
(iv) by striking subparagraph (D); 
(B) in subsection (g)(1), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’; 
(C) in subsection (i)(2)(C), by striking 
‘‘Director of the Office of Thrift Supervision’’ 
and inserting ‘‘Comptroller of the Currency’’; 
and 
(D) in subsection (m)— 
(i) by striking ‘‘Director of the Office 
of Thrift Supervision’’ each place that 
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(B) in subsection (h), by striking ‘‘Director 
of the Office of Thrift Supervision’’ and insert-
ing ‘‘Comptroller of the Currency’’; and 
(11) in section 33(e) (12 U.S.C. 1831j(e)), by 
striking ‘‘the Comptroller of the Currency, and the 
Director of the Office of Thrift Supervision’’ and in-
serting ‘‘and the Comptroller of the Currency’’. 
SEC. 210. ADDITIONAL CONFORMING AMENDMENTS. 
(a) TITLE 5.—Title 5, United States Code, is amend-
ed— 
(1) in section 3132(a)(1)(D), by striking ‘‘, the 
Office of Thrift Supervision,’’; and 
(2) in section 5314, by striking ‘‘Director of the 
Office of Thrift Supervision.’’. 
(b) TITLE 10.—Section 987(h)(3) of title 10, United 
States Code, is amended by striking subparagraph (E). 
(c) REVISED STATUTES.—Section 324 of the Revised 
Statutes of the United States (12 U.S.C. 1) is amended 
by striking the second sentence. 
(d) FEDERAL RESERVE ACT.—The Federal Reserve 
Act (12 U.S.C. 221 et seq.) is amended— 
(1) in section 11(a)(2)(B)(iii) (12 U.S.C. 
248(a)(2)(B)(iii)), by striking ‘‘Director of the Of-
fice of Thrift Supervision’’ and inserting ‘‘Comp-
troller of the Currency’’; and 
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(2) in section 19(b)(12 U.S.C. 461(b))— 
(A) in paragraph (1)(F), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’; and 
(B) in paragraph (4)(B), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’. 
(e) PUBLIC LAW 93–495.—Section 111 of Public 
Law 93–495 (12 U.S.C. 250) is amended by striking ‘‘the 
Director of the Office of Thrift Supervision,’’. 
(f) ECONOMIC GROWTH AND REGULATORY PAPER-
WORK REDUCTION ACT OF 1996.—Section 2227(a)(1) of 
the Economic Growth and Regulatory Paperwork Reduc-
tion Act of 1996 (12 U.S.C. 252(a)(1)) is amended by 
striking ‘‘the Director of the Office of Thrift Super-
vision,’’. 
(g) FEDERAL DEPOSIT INSURANCE CORPORATION 
IMPROVEMENT ACT OF 1991.—Section 306(m)(2) of the 
Federal Deposit Insurance Corporation Improvement Act 
of 1991 (12 U.S.C. 375b note) is amended by striking 
‘‘Director of the Office of Thrift Supervision’’ and insert-
ing ‘‘Comptroller of the Currency’’. 
(h) FEDERAL HOME LOAN BANK ACT.—The Federal 
Home Loan Bank Act (12 U.S.C. 1421 et seq.) is amend-
ed— 
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(1) in section 10(h)(1) (12 U.S.C. 1430(h)(1)), 
by striking ‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the Currency’’; 
(2) in section 18(c) (12 U.S.C. 1438(c)), by 
striking ‘‘Director of the Office of Thrift Super-
vision’’ each place that term appears and inserting 
‘‘Comptroller of the Currency’’; 
(3) in section 21A (12 U.S.C. 1441a)— 
(A) by striking ‘‘Director of the Office of 
Thrift Supervision’’ each place that term ap-
pears and inserting ‘‘Comptroller of the Cur-
rency’’; and 
(B) in subsection (k)(9) by striking ‘‘Di-
rector’’ and inserting ‘‘Comptroller’’; and 
(4) in section 22 (12 U.S.C. 1442), by striking 
‘‘Director of the Office of Thrift Supervision’’ each 
place that term appears and inserting ‘‘Comptroller 
of the Currency’’. 
(i) HOUSING ACT
OF 1948.—Section 502 of the 
Housing Act of 1948 (12 U.S.C. 1701c) is amended— 
(1) by striking ‘‘Director of the Office of Thrift 
Supervision’’ each place that term appears and in-
serting ‘‘Comptroller of the Currency’’; and 
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(2) by striking ‘‘Federal Home Loan Bank 
Board’’ and inserting ‘‘Comptroller of the Cur-
rency’’. 
(j) NATIONAL HOUSING ACT.—Section 202(e)(8) of 
the National Housing Act (12 U.S.C. 1708(e)(8)) is 
amended by striking ‘‘Director of the Office of Thrift Su-
pervision’’ and inserting ‘‘Comptroller of the Currency’’. 
(k) 
FEDERAL
CREDIT
UNION
ACT.—Section 
205(b)(2)(G) of the Federal Credit Union Act (12 U.S.C. 
1785(b)(2)(G)) is amended by striking ‘‘the Office of 
Thrift Supervision and’’. 
(l) BANK HOLDING COMPANY ACT OF 1956.—The 
Bank Holding Company Act of 1956 is amended— 
(1) in section 2(j)(3) (12 U.S.C. 1841(j)(3)), by 
striking ‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the Currency’’; 
and 
(2) in section 4(i) (12 U.S.C. 1843(i))— 
(A) by striking ‘‘Director’’ each place that 
term appears and inserting ‘‘Comptroller’’; and 
(B) by amending paragraph (7) to read as 
follows: 
‘‘(7) COMPTROLLER
DEFINED.—For purposes 
of this subsection, the term ‘Comptroller’ means the 
Comptroller of the Currency.’’. 
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(m) FEGLI LIVING BENEFITS ACT.—Section 5 of 
the FEGLI Living Benefits Act (5 U.S.C. 8701 note) is 
amended— 
(1) by striking ‘‘or the Office of Thrift Super-
vision’’ each place it appears; and 
(2) in subsection (c), by striking ‘‘and the Of-
fice of Thrift Supervision’’. 
(n) RESOLUTION TRUST CORPORATION FUNDING 
ACT OF 1991.—Section 102(c)(1)(B) of the Resolution 
Trust Corporation Funding Act of 1991 (12 U.S.C. 1441a 
note) is amended by striking ‘‘the Director of the Office 
of Thrift Supervision with respect to reports to be filed 
by such Office,’’ and inserting ‘‘the Comptroller of the 
Currency with respect to reports to be filed by the Office 
of the Comptroller of the Currency’’. 
(o) GRAMM-LEACH-BLILEY
ACT.—The Gramm- 
Leach-Bliley Act is amended— 
(1) in section 132 (12 U.S.C. 1828b), by strik-
ing ‘‘the Director of the Office of Thrift Super-
vision,’’; 
(2) 
in 
section 
505(a)(1) 
(15 
U.S.C. 
6805(a)(1))— 
(A) in subparagraph (A), by inserting 
‘‘savings associations, the deposits of which are 
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insured by the Federal Deposit Insurance Cor-
poration,’’ before ‘‘national banks’’; 
(B) in subparagraph (B), by adding ‘‘and’’ 
at the end; 
(C) in subparagraph (C), by striking ‘‘; 
and’’ and inserting a period; and 
(D) by striking subparagraph (D); 
(3) in section 509(2) (15 U.S.C. 6809(2))— 
(A) by striking subparagraph (D); and 
(B) by redesignating subparagraphs (E) 
and (F) as subparagraphs (D) and (E), respec-
tively; and 
(4) 
in 
section 
522(b)(1)(A) 
(15 
U.S.C. 
6822(b)(1)(A))— 
(A) in clause (i), by inserting ‘‘savings as-
sociations, the deposits of which are insured by 
the Federal Deposit Insurance Corporation,’’ 
before ‘‘national banks’’; 
(B) in clause (ii), by adding ‘‘and’’ at the 
end; and 
(C) by striking clause (iv). 
(p) FINANCIAL INSTITUTIONS REFORM, RECOVERY, 
AND ENFORCEMENT ACT OF 1989.—The Financial Insti-
tutions Reform, Recovery, and Enforcement Act of 1989 
is amended— 
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(1) in section 1121(6) (12 U.S.C. 3350(6)), by 
striking ‘‘the Office of Thrift Supervision,’’; 
(2) in section 1206(a) (12 U.S.C. 1833b(a)), by 
striking ‘‘the Farm Credit Administration, and the 
Office of Thrift Supervision’’ and inserting ‘‘and the 
Farm Credit Administration’’; and 
(3) in section 1216 (12 U.S.C. 1833e)— 
(A) in subsection (a)— 
(i) by striking paragraph (2); and 
(ii) by redesignating paragraphs (3) 
through (6) as paragraphs (2) through (5), 
respectively; and 
(B) in subsection (c), by striking ‘‘the Di-
rector of the Office of Thrift Supervision,’’. 
(q) BANK SERVICE COMPANY ACT.—Section 1(b)(4) 
of the Bank Service Company Act (12 U.S.C. 1861(b)(4)) 
is amended by striking ‘‘Director of the Office of Thrift 
Supervision’’ and inserting ‘‘Comptroller of the Cur-
rency’’. 
(r) BANK PROTECTION ACT OF 1968.—Section 2 of 
the Bank Protection Act of 1968 (12 U.S.C. 1881) is 
amended— 
(1) by striking ‘‘The’’ each place that term ap-
pears and inserting ‘‘the’’; 
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(2) in paragraph (1), by inserting ‘‘and Federal 
savings associations’’ after ‘‘banks’’; 
(3) in paragraph (2), by adding ‘‘and’’ at the 
end; 
(4) in paragraph (3), by striking ‘‘and’’ at the 
end and inserting a period; and 
(5) by striking paragraph (4). 
(s) REAL ESTATE SETTLEMENT PROCEDURES ACT 
OF 1974.—Section 4(a) of the Real Estate Settlement 
Procedures Act of 1974 (12 U.S.C. 2603(a)) is amended 
by striking ‘‘Director of the Office of Thrift Supervision’’ 
and inserting ‘‘Comptroller of the Currency’’. 
(t) HOME MORTGAGE DISCLOSURE ACT OF 1975.— 
The Home Mortgage Disclosure Act of 1975 is amended— 
(1) in section 304(h) (12 U.S.C. 2803(h))— 
(A) in paragraph (1), by striking ‘‘and 
Federal branches and Federal agencies of for-
eign banks’’ and inserting ‘‘, Federal branches 
and Federal agencies of foreign banks, and sav-
ings associations’’; 
(B) by striking paragraph (2); and 
(C) 
by 
redesignating 
paragraphs 
(3) 
through (5) as paragraphs (2) through (4), re-
spectively; 
(2) in section 305(b) (12 U.S.C. 2804(b))— 
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(1) in subparagraph (A), by inserting ‘‘, savings 
associations (the deposits of which are insured by 
the Federal Deposit Insurance Corporation) and sav-
ings and loan holding companies’’ after ‘‘banks’’; 
(2) in subparagraph (B), by adding ‘‘and’’ at 
the end; 
(3) in subparagraph (C), by striking ‘‘and’’ at 
the end; and 
(4) by striking paragraph (2) (as so designated 
by section 744(q) of the Financial Institutions Re-
form, Recovery, and Enforcement Act of 1989 (103 
Stat. 440)). 
(v) INTERNATIONAL BANKING ACT OF 1978.—Sec-
tion 15 of the International Banking Act of 1978 (12 
U.S.C. 3109) is amended— 
(1) in each of subsections (a) and (b), by strik-
ing ‘‘Federal Deposit Insurance Corporation, and 
Director of the Office of Thrift Supervision’’ each 
place that term appears and inserting ‘‘and Federal 
Deposit Insurance Corporation’’; and 
(2) in subsection (c)(4), by striking ‘‘the Fed-
eral Deposit Insurance Corporation, and the Direc-
tor of the Office of Thrift Supervision’’ and insert-
ing ‘‘and the Federal Deposit Insurance Corpora-
tion’’. 
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(w) 
DEPOSITORY
INSTITUTION
MANAGEMENT 
INTERLOCKS ACT.—The Depository Institution Manage-
ment Interlocks Act (12 U.S.C. 3201 et seq.) is amend-
ed— 
(1) in section 205(9) (12 U.S.C. 3204(9)), by 
striking ‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the Currency’’; 
(2) in section 207 (12 U.S.C. 3206)— 
(A) in paragraph (1), by inserting ‘‘, sav-
ings associations (the deposits of which are in-
sured by the Federal Deposit Insurance Cor-
poration), and savings and loan holding compa-
nies’’ after ‘‘banks’’; 
(B) by striking paragraph (4); 
(C) in paragraph (6), by striking ‘‘(5)’’ 
and inserting ‘‘(4)’’; and 
(D) by redesignating paragraphs (5) and 
(6) as paragraphs (4) and (5), respectively; and 
(3) in section 209 (12 U.S.C. 3207)— 
(A) in paragraph (1), by inserting after 
‘‘banks’’ the following: ‘‘, institutions, the ac-
counts of which are insured by the Federal De-
posit Insurance Corporation, and savings and 
loan holding companies’’; 
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(B) in paragraph (3), by adding ‘‘and’’ at 
the end; 
(C) by striking paragraph (4); and 
(D) by redesignating paragraph (5) as 
paragraph (4). 
(x) FEDERAL FINANCIAL INSTITUTIONS EXAMINA-
TION COUNCIL ACT OF 1978.—The Federal Financial In-
stitutions Examination Council Act of 1978 (12 U.S.C. 
3301 et seq.) is amended— 
(1) in section 1003 (12 U.S.C. 3302), by strik-
ing ‘‘the Office of Thrift Supervision,’’; and 
(2) in section 1004 (12 U.S.C. 3303)— 
(A) by striking paragraph (4); and 
(B) by redesignating paragraphs (5) and 
(6) as paragraphs (4) and (5), respectively. 
(y) RIGHT TO FINANCIAL PRIVACY ACT OF 1978.— 
Section 1101(7) of the Right to Financial Privacy Act of 
1978 (12 U.S.C. 3401(7)) is amended— 
(1) by striking subparagraph (B); and 
(2) by redesignating subparagraphs (C) through 
(I) as subparagraphs (B) through (H), respectively. 
(z) ALTERNATIVE MORTGAGE TRANSACTION PARITY 
ACT OF 1982.—Section 804(a)(3) of the Alternative Mort-
gage Transaction Parity Act of 1982 (12 U.S.C. 
3803(a)(3)) is amended— 
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(1) by striking ‘‘Director of the Office of Thrift 
Supervision’’ and inserting ‘‘Comptroller of the Cur-
rency’’; and 
(2) by striking ‘‘Federal Home Loan Bank 
Board’’ and inserting ‘‘Office of the Comptroller of 
the Currency’’. 
(aa) INTERNATIONAL LENDING SUPERVISION ACT 
OF 1983.—Section 912 of the International Lending Su-
pervision Act of 1983 (12 U.S.C. 3911) is amended to 
read as follows: 
‘‘SEC. 912. EQUAL REPRESENTATION FOR FEDERAL DE-
POSIT INSURANCE CORPORATION. 
‘‘As 1 of the 3 Federal bank regulatory and super-
visory agencies, and as the insurer of the United States 
banks involved in international lending, the Federal De-
posit Insurance Corporation shall be given equal represen-
tation with the Board of Governors of the Federal Reserve 
System and the Office of the Comptroller of the Currency 
on the Committee on Banking Regulations and Super-
visory Practices of the Group of Ten Countries and Swit-
zerland.’’. 
(bb) EXPEDITED FUNDS AVAILABILITY ACT.—Sec-
tion 610(a) of the Expedited Funds Availability Act (12 
U.S.C. 4009(a)) is amended— 
(1) in paragraph (1)— 
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(A) in subparagraph (A), by inserting be-
fore ‘‘national banks’’ the following: ‘‘savings 
associations, the deposits of which are insured 
by the Federal Deposit Insurance Corpora-
tion,’’; and 
(B) in subparagraph (C), by adding ‘‘and’’ 
at the end; 
(2) by striking paragraph (2); and 
(3) by redesignating paragraph (3) as para-
graph (2). 
(cc) TRUTH IN SAVINGS ACT.—Section 270(a)(1)(C) 
of the Truth in Savings Act (12 U.S.C. 4309(a)(1)(C)) 
is amended by striking ‘‘Director of the Office of Thrift 
Supervision’’ and inserting ‘‘Comptroller of the Cur-
rency’’. 
(dd) FEDERAL HOUSING ENTERPRISES FINANCIAL 
SAFETY AND SOUNDNESS ACT OF 1992.—The Federal 
Housing Enterprises Financial Safety and Soundness Act 
of 1992 is amended— 
(1) in section 1315(b) (12 U.S.C. 4515(b)), by 
striking ‘‘the Federal Deposit Insurance Corpora-
tion, and the Office of Thrift Supervision’’ and in-
serting ‘‘and the Federal Deposit Insurance Cor-
poration’’; and 
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(2) in section 1317 (12 U.S.C. 4517) by strik-
ing ‘‘the Federal Deposit Insurance Corporation, or 
the Director of the Office of Thrift Supervision’’ and 
inserting ‘‘or the Federal Deposit Insurance Cor-
poration’’. 
(ee) COMMUNITY DEVELOPMENT BANKING AND FI-
NANCIAL INSTITUTIONS ACT OF 1994.—Section 117(e) of 
the Community Development Banking and Financial In-
stitutions Act of 1994 (12 U.S.C. 4716(e)) is amended 
by striking ‘‘the Director of the Office of Thrift Super-
vision,’’. 
(ff) HOMEOWNERS PROTECTION ACT OF 1998.—Sec-
tion 10(a)(1)(C) of the Homeowners Protection Act of 
1998 (12 U.S.C. 4909(a)(1)(C)) is amended by striking 
‘‘Director of the Office of Thrift Supervision’’ and insert-
ing ‘‘Comptroller of the Currency’’. 
(gg) SECURE AND FAIR ENFORCEMENT FOR MORT-
GAGE LICENSING ACT OF 2008.—Section 1503(1) of the 
Secure and Fair Enforcement for Mortgage Licensing Act 
of 2008 (12 U.S.C. 5102(1)) is amended by striking ‘‘the 
Director of the Office of Thrift Supervision,’’. 
(hh) EMERGENCY ECONOMIC STABILIZATION ACT OF 
2008.—Section 101(b) of the Emergency Economic Sta-
bilization Act of 2008 (12 U.S.C. 5211(b)) is amended 
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by striking ‘‘the Director of the Office of Thrift Super-
vision,’’. 
(ii) SECURITIES EXCHANGE ACT OF 1934.—The Se-
curities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
is amended— 
(1) 
in 
section 
3(a)(34) 
(15 
U.S.C. 
78c(a)(34))— 
(A) in subparagraph (A)— 
(i) in clause (i), by striking ‘‘or a sub-
sidiary or a department or division of any 
such bank’’ and inserting ‘‘a subsidiary or 
a department or division of any such bank, 
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 or division of any such savings 
association, or a savings and loan holding 
company’’; 
(ii) in clause (iii), by adding ‘‘and’’ at 
the end; 
(iii) by striking clause (iv); and 
(iv) by redesignating clause (v) as 
clause (iv); 
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(B) in subparagraph (B)— 
(i) in clause (i), by striking ‘‘or a sub-
sidiary or a department or division of any 
such bank’’ and inserting ‘‘a subsidiary or 
a department or division of any such bank, 
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 or division of any such savings 
association, or a savings and loan holding 
company’’; 
(ii) in clause (iii), by adding ‘‘and’’ at 
the end; 
(iii) by striking clause (iv); and 
(iv) by redesignating clause (v) as 
clause (iv); 
(C) in subparagraph (C)— 
(i) in clause (i), by inserting ‘‘, a sav-
ings 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 savings and loan holding 
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company, or a subsidiary of a savings and 
loan holding company’’ after ‘‘national 
bank’’; 
(ii) in clause (iii), by adding ‘‘and’’ at 
the end; 
(iii) by striking clause (iv); and 
(iv) by redesignating clause (v) as 
clause (iv); 
(D) in subparagraph (D)— 
(i) in clause (i), by inserting ‘‘or sav-
ings 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’’ after ‘‘national bank’’; 
(ii) in clause (ii), by adding ‘‘and’’ at 
the end; 
(iii) by striking clause (iii); and 
(iv) by redesignating clause (iv) as 
clause (iii); 
(E) in subparagraph (F)— 
(i) in clause (i), by inserting ‘‘or sav-
ings association (as defined in section 3(b) 
of the Federal Deposit Insurance Act (12 
U.S.C. 1813(b))), the deposits of which are 
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insured by the Federal Deposit Insurance 
Corporation’’ after ‘‘national bank’’; 
(ii) by striking clause (ii); and 
(iii) by redesignating clauses (iii) 
through (v) as clauses (ii) through (iv), re-
spectively; 
(F) in subparagraph (G)— 
(i) in clause (i), by inserting ‘‘or a 
savings association (as defined in section 
3(b) of the Federal Deposit Insurance 
Act), the deposits of which are insured by 
the Federal Deposit Insurance Corpora-
tion’’ after ‘‘1978)’’; 
(ii) in clause (iii), by adding ‘‘and’’ at 
the end; and 
(iii) by striking clause (iv); and 
(G) in the matter following subparagraph 
(H)(iv), by striking ‘‘Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the Cur-
rency’’; 
(2) in section 12(i) (15 U.S.C. 78l(i))— 
(A) in the first sentence— 
(i) by inserting ‘‘and savings associa-
tions, the accounts of which are insured by 
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the Federal Deposit Insurance Corpora-
tion’’ after ‘‘national banks’’; 
(ii) by inserting ‘‘and’’ before ‘‘(3)’’; 
and 
(iii) by striking ‘‘, and (4) with re-
spect to savings associations the accounts 
of which are insured by the Federal De-
posit Insurance Corporation are vested in 
the Office of Thrift Supervision’’; and 
(B) in the second sentence, by striking 
‘‘the Federal Deposit Insurance Corporation, 
and the Office of Thrift Supervision’’ and in-
serting ‘‘and the Federal Deposit Insurance 
Corporation’’; and 
(3) in section 15C(g) (15 U.S.C. 78o–5(g)), by 
striking ‘‘the Director of the Office of Thrift Super-
vision,’’. 
(jj) FINANCIAL SERVICES REGULATORY RELIEF ACT 
OF 2006.—Section 101(c) of the Financial Services Regu-
latory Relief Act of 2006 (15 U.S.C. 78c note) is amended 
by striking ‘‘the Office of Thrift Supervision,’’. 
(kk) TRUTH IN LENDING ACT.—Section 108(a) of 
the Truth in Lending Act (15 U.S.C. 1607(a)) is amend-
ed— 
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(1) in paragraph (1)(A), by inserting ‘‘savings 
associations, the deposits of which are insured by 
the Federal Deposit Insurance Corporation,’’ before 
‘‘national banks’’; 
(2) by striking paragraph (2); and 
(3) by redesignating paragraphs (3) through 
(6) as paragraphs (2) through (5), respectively. 
(ll) FAIR CREDIT REPORTING ACT.—Section 621(b) 
of the Fair Credit Reporting Act (15 U.S.C. 1681s(b))— 
(1) in paragraph (1)(A), by inserting ‘‘savings 
associations, the deposits of which are insured by 
the Federal Deposit Insurance Corporation,’’ before 
‘‘national banks’’; 
(2) by striking paragraph (2); and 
(3) by redesignating paragraphs (3) through 
(6) as paragraphs (2) through (5), respectively. 
(mm) EQUAL CREDIT OPPORTUNITY ACT.—Section 
704(a) of the Equal Credit Opportunity Act (15 U.S.C. 
1691c(a)) is amended— 
(1) in paragraph (1)(A), by inserting ‘‘savings 
associations, the deposits of which are insured by 
the Federal Deposit Insurance Corporation,’’ before 
‘‘national banks’’; 
(2) by striking paragraph (2); and 
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SEC. 211. ADDITIONAL CONFORMING REFERENCES. 
Except as provided under this Act, reference in any 
other Federal law, Executive order, rule, regulation, or 
delegation of authority, or any document of or relating 
to— 
(1) the Director of the Office of Thrift Super-
vision, with regard to functions transferred under 
section 202, shall be deemed to refer to the Comp-
troller of the Currency; and 
(2) the Office of Thrift Supervision, with regard 
to functions transferred under this Act, shall be 
deemed to refer to the Office of the Comptroller of 
the Currency. 
Æ 
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