1995, the Administrator shall be substituted as a
party to any such action or proceeding.
(3) 
CONTINUATION
OF
ADMINISTRATIVE
RULES.—All orders, resolutions, determinations, reg-
ulations, interpretative rules, other interpretations,
guidelines, procedures, and other advisory material
which—
(A) have been issued, made, prescribed, or
permitted to become effective by the Office of
Thrift Supervision, and
(B) are in effect on December 31, 1994,
(or become effective after such date pursuant to
the terms of the order, resolution, determina-
tion, rule, other interpretation, guideline, proce-
dure, and other advisory material, as in effect
on such date), shall—
(i) continue in effect according to the
terms of such orders, resolutions, deter-
minations, regulations, interpretative rules,
other interpretations, guidelines, proce-
dures, or other advisory material;
(ii) be administered by the Adminis-
trator; and
(iii) be enforceable by or against the
Administrator until modified, terminated,
set aside, or superseded in accordance with
applicable law by the Administrator, by
any court of competent jurisdiction, or by
operation of law.
(d) TRANSFER OF PROPERTY.—Effective January 1,
1995, all property of the Office of Thrift Supervision shall
be transferred to the Agency.
SEC. 203. OFFICE OF THE COMPTROLLER OF THE CUR-
RENCY ABOLISHED.
(a) OFFICE OF THE COMPTROLLER OF THE CUR-
RENCY ABOLISHED.—Effective January 1, 1995, the Of-
fice of the Comptroller of the Currency and the position
of the Comptroller of the Currency are abolished.
(b) DISPOSITION OF AFFAIRS.—
(1) IN GENERAL.—In winding up the affairs of
the Office of the Comptroller of the Currency, the
Comptroller of the Currency shall consult and co-
operate with the Administrator of the Federal Bank
Agency and the Director of the Office of Thrift Su-
pervision to facilitate the orderly transfer of func-
tions to the Agency. Any matter not resolved pursu-
ant to such consultation and cooperation shall be
resolved by the Secretary.
(2) CONTINUING
AUTHORITY
OF
THE
COMP-
TROLLER OF THE CURRENCY.—Except as provided
in paragraph (1) and section 201, nothing in this
Act shall affect the authority vested in the Comp-
troller of the Currency before the date of enactment
of this Act which is necessary to carry out the duties
of the position until the date upon which the
position of Comptroller is abolished.
(3) CONTINUATION
OF
AGENCY
SERVICES.—
Any agency, department, or other instrumentality of
the United States, or any successor to any such
agency, department, or instrumentality, which was
providing support services to the Office of the Comp-
troller of the Currency on the day before the date
the Office of the Comptroller of the Currency is
abolished shall—
(A) continue to provide such services, on a
reimbursable basis, in accordance with the
terms of the arrangement pursuant to which
such services were provided until the arrange-
ment is modified or terminated in accordance
with such terms, except that effective Jan-
uary 1, 1995, the Agency shall be substituted
for the Office of the Comptroller of the Cur-
rency as a party to the arrangement; and
(B) consult with the Administrator to co-
ordinate and facilitate a prompt and reasonable
transition.
(c) SAVINGS PROVISIONS.—
(1) EXISTING RIGHTS, DUTIES, AND OBLIGA-
TIONS NOT AFFECTED.—No provision of this title
shall affect the validity of any right, duty, or obliga-
tion of the United States, the Office of the Comp-
troller of the Currency, or any person, which existed
on the day before the date upon which the Office of
the Comptroller of the Currency is abolished by this
title.
(2) CONTINUATION
OF
SUITS.—No action or
other proceeding commenced by or against the
Comptroller of the Currency or the Office of the
Comptroller of the Currency shall abate by reason of
enactment of this Act, except that effective Jan-
uary 1, 1995, the Administrator shall be substituted
as a party to any such action or proceeding.
(3) 
CONTINUATION
OF
ADMINISTRATIVE
RULES.—All orders, resolutions, determinations, reg-
ulations, interpretative rules, other interpretations,
guidelines, procedures, and other advisory material
which—
(A) have been issued, made, prescribed, or
permitted to become effective by the Comptrol-
ler of the Currency; and
(B) are in effect on December 31, 1994,
(or become effective after such date pursuant to
the terms of the order, resolution, determina-
tion, rule, other interpretation, guideline, proce-
dure, and other advisory material, as in effect
on such date) shall—
(i) continue in effect according to the
terms of such orders, resolutions, deter-
minations, regulations, interpretative rules,
guidelines, procedures or other advisory
material;
(ii) be administered by the Adminis-
trator; and
(iii) be enforceable by or against the
Administrator until modified, terminated,
set aside, or superseded in accordance with
applicable law by the Administrator, by
any court of competent jurisdiction, or by
operation of law.
(d) TRANSFER OF PROPERTY.—Effective January 1,
1995, all property of the Office of the Comptroller of the
Currency shall be transferred to the Agency.
SEC. 204. REFERENCES IN FEDERAL LAW TO FEDERAL
BANKING AGENCIES.
Any reference in any Federal law to the Comptroller
of the Currency, the Office of the Comptroller of the Cur-
rency, the Director of the Office of Thrift Supervision, or
the Office of Thrift Supervision shall be deemed to be a
reference to the appropriate Federal banking agency (as
defined in section 3(q) of the Federal Deposit Insurance
Act).
TITLE III—REGULATORY AND
SUPERVISORY RESPONSIBILITY
SEC. 301. TRANSFER OF POWERS AND DUTIES.
(a) DIRECTOR OF THE OFFICE OF THRIFT SUPER-
VISION.—Effective January 1, 1995, all powers and duties
which were vested in the Director of the Office of Thrift
Supervision on December 31, 1994, are transferred to the
Administrator, except as otherwise provided in this Act.
(b) COMPTROLLER OF THE CURRENCY.—Effective
January 1, 1995, all powers and duties which were vested
in the Comptroller of the Currency on December 31, 1994,
are transferred to the Administrator, except as otherwise
provided in this Act.
SEC. 302. APPROPRIATE FEDERAL BANKING AGENCY.
(a) Section 3(q) of the Federal Deposit Insurance Act
(12 U.S.C. 1813(q)) is amended to read as follows:
‘‘(q) APPROPRIATE FEDERAL BANKING AGENCY.—
‘‘(1) IN GENERAL.—The term ‘appropriate Fed-
eral banking agency’ means—
‘‘(A) the Administrator of the Federal
Bank Agency in the case of—
‘‘(i) a Federal depository institution
and any subsidiary of any Federal deposi-
tory institution, other than—
‘‘(I) a subsidiary chartered or
regulated by the Board of Governors
of the Federal Reserve System under
section 25 or 25A of the Federal
Reserve Act; or
‘‘(II) a depository institution sub-
sidiary of a depository institution
holding company for which the Fed-
eral Deposit Insurance Corporation or
the Board of Governors of the Federal
Reserve System is the appropriate
Federal banking agency;
‘‘(ii) a District bank chartered by the
Administrator, other than a depository in-
stitution subsidiary described in clause (i);
‘‘(iii) a Federal agency of a foreign
bank other than an agency regulated by
the Board of Governors of the Federal Re-
serve System or the Federal Deposit Insur-
ance Corporation;
‘‘(iv) a savings and loan holding com-
pany the principal depository institution
subsidiary of which is a Federal savings
association and each affiliate of such com-
pany, including each depository institution
subsidiary of such company; and
‘‘(v) a bank holding company—
‘‘(I) which has total consolidated
depository institution assets of less
than $25,000,000,000; and
‘‘(II) the principal depository in-
stitution subsidiary of which is a
Federal depository institution or a
District bank,
and each affiliate of such company, includ-
ing each depository institution subsidiary
of such company.
‘‘(B) the Federal Deposit Insurance Cor-
poration in the case of—
‘‘(i) a State depository institution (ex-
cept a District bank), other than a deposi-
tory institution subsidiary of a depository
institution holding company for which the
Federal Bank Agency or the Board of Gov-
ernors of the Federal Reserve System is
the appropriate Federal banking agency;
‘‘(ii) a foreign bank having an insured
branch;
‘‘(iii) a bank holding company—
‘‘(I) which has total consolidated
depository institution assets of less
than $25,000,000,000; and
‘‘(II) the principal depository in-
stitution subsidiary of which is a
State depository institution (except a
District bank),
and each affiliate of such company, includ-
ing each depository institution subsidiary
of such company; and
‘‘(iv) a savings and loan holding com-
pany the principal depository institution
subsidiary of which is a State savings asso-
ciation and each affiliate of such company,
including each depository institution sub-
sidiary of such company.
‘‘(C) the Board of Governors of the
Federal Reserve System in the case of—
‘‘(i) any branch or agency of a foreign
bank with respect to any provision of the
Federal Reserve Act which is made appli-
cable under the International Banking Act
of 1978,
‘‘(ii) any foreign bank which does not
operate an insured branch,
‘‘(iii) any agency or commercial lend-
ing company other than a Federal agency,
‘‘(iv) supervisory or regulatory pro-
ceedings arising from the authority given
to the Board of Governors under section
7(c)(1) of the International Banking Act of
1978, including such proceedings under
the Depository Institutions Supervisory
Act; and
‘‘(v) any bank holding company which
has total consolidated depository institu-
tion assets equal to or greater than
$25,000,000,000 or foreign bank with
worldwide assets equal to or greater than
$25,000,000,000, and each affiliate of
such company, including each depository
institution subsidiary of such company.