‘‘(2) any written agreement entered into be-
tween the agency and an institution-affiliated party 
(including a bank holding company). 
‘‘(b) RECEIVERSHIPS
AND CONSERVATORSHIPS.—
After the appointment of the Corporation as the receiver 
or conservator for any insured depository institution, the 
Corporation may enforce any condition or agreement de-
scribed in paragraph (1) or (2) of subsection (a) involving 
such institution or any institution-affiliated party (includ-
ing a bank holding company), through an action brought 
in an appropriate United States district court.’’. 
(b) PROTECTION OF CAPITAL OF INSURED DEPOSI-
TORY INSTITUTIONS.—Paragraph (1) of section 18(u) of 
the Federal Deposit Insurance Act (12 U.S.C. 1828(u)) 
is amended by striking subparagraph (B) and by redesig-
nating subparagraph (C) as subparagraph (B). 
SEC. 406. INVESTMENTS BY INSURED SAVINGS ASSOCIA-
TIONS IN BANK SERVICE COMPANIES AU-
THORIZED. 
(a) IN GENERAL.—Sections 2 and 3 of the Bank 
Service Company Act (12 U.S.C. 1862, 1863) are each 
amended by striking ‘‘insured bank’’ each place such term 
appears and inserting ‘‘insured depository institution’’. 
(b) TECHNICAL AND CONFORMING AMENDMENTS.—
(1) Section 1(b)(4) of the Bank Service Com-
pany Act (12 U.S.C. 1861(b)(4)) is amended—
(A) by inserting ‘‘, except when such term 
appears in connection with the term ‘insured 
depository institution’,’’ after ‘‘means’’; and 
(B) by striking ‘‘Federal Home Loan Bank 
Board’’ and inserting ‘‘Director of the Office of 
Thrift Supervision’’. 
(2) Section 1(b) of the Bank Service Company 
Act (12 U.S.C. 1861(b)) is amended—
(A) by striking paragraph (5) and insert-
ing the following new paragraph: 
‘‘(5) INSURED DEPOSITORY INSTITUTION.—The 
term ‘insured depository institution’ has the mean-
ing given the term in section 3(c) of the Federal De-
posit Insurance Act;’’; 
(B) by striking ‘‘and’’ at the end of para-
graph (7); 
(C) by striking the period at the end of 
paragraph (8) and inserting ‘‘; and’’; and 
(D) by adding at the end the following new 
paragraph: 
‘‘(9) the terms ‘State depository institution’, 
‘Federal depository institution’, ‘State savings asso-
ciation’ and ‘Federal savings association’ have the
meanings given the terms in section 3 of the Federal 
Deposit Insurance Act.’’. 
(3) The 1st sentence of section 5(c)(4)(B) of 
the 
Home 
Owners’ 
Loan 
Act 
(12 
U.S.C. 
1464(c)(4)(B)) is amended by striking ‘‘by savings 
associations of such State and by Federal associa-
tions’’ and inserting ‘‘by State and Federal deposi-
tory institutions’’. 
(4) Subparagraph (A)(ii) and subparagraph 
(B)(ii) of section 1(b)(2) of the Bank Service Com-
pany Act (12 U.S.C. 1861(b)(2)) are each amended 
by striking ‘‘insured banks’’ and inserting ‘‘insured 
depository institutions’’. 
(5) Section 1(b)(8) of the Bank Service Com-
pany Act (12 U.S.C. 1861(b)(8)) is further amend-
ed—
(A) by striking ‘‘insured bank’’ and insert-
ing ‘‘insured depository institution’’; 
(B) by striking ‘‘insured banks’’ each place 
such term appears and inserting ‘‘insured de-
pository institutions’’; and 
(C) by striking ‘‘the bank’s’’ and inserting 
‘‘the depository institution’s’’. 
(6) Section 2 of the Bank Service Company Act 
(12 U.S.C. 1862) is amended by inserting ‘‘or sav-
ings associations, other than the limitation on the 
amount of investment by a Federal savings associa-
tion contained in section 5(c)(4)(B) of the Home 
Owners’ Loan Act’’ after ‘‘relating to banks’’. 
(7) Section 4(b) of the Bank Service Company 
Act (12 U.S.C. 1864(b)) is amended by inserting 
‘‘as permissible under subsection (c), (d), or (e) or’’ 
after ‘‘Except’’. 
(8) Section 4(c) of the Bank Service Company 
Act (12 U.S.C. 1864(c)) is amended by inserting ‘‘or 
State savings association’’ after ‘‘State bank’’ each 
place such term appears. 
(9) Section 4(d) of the Bank Service Company 
Act (12 U.S.C. 1864(d)) is amended by inserting 
‘‘or Federal savings association’’ after ‘‘national 
bank’’ each place such term appears. 
(10) Section 4(e) of the Bank Service Company 
Act (12 U.S.C. 1864(e)) is amended to read as fol-
lows: 
‘‘(e) A bank service company may perform—
‘‘(1) only those services that each depository in-
stitution shareholder or member is otherwise author-
ized to perform under any applicable Federal or 
State law; and