relating to the supervision and regulation of 
State savings associations. 
(b) APPROPRIATE FEDERAL BANKING AGENCY.— 
Section 3 of the Federal Deposit Insurance Act (12 U.S.C. 
1813) is amended in subsection (q)— 
(1) by amending paragraph (1) to read as fol-
lows: 
‘‘(1) the Comptroller of the Currency in the 
case of any national bank, Federal savings associa-
tion or any Federal branch or agency of a foreign 
bank;’’; 
(2) by amending paragraph (3) to read as fol-
lows: 
‘‘(3) the Federal Deposit Insurance Corporation 
in the case of a State nonmember insured bank, a 
State savings association or a foreign bank having 
an insured branch.’’; and 
(3) by striking paragraph (4). 
(c) TRANSFER OF CONSUMER FINANCIAL PROTEC-
TION FUNCTIONS.—Nothing in subsection (a) or (b) shall 
affect any transfer of consumer financial protection func-
tions of the Comptroller of the Currency and the Director 
of the Office of Thrift Supervision to the Consumer Finan-
cial Protection Agency as provided in the Consumer Fi-
nancial Protection Agency Act of 2009. 
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(d) EFFECTIVE DATE.—Subsections (a) and (b) shall 
become effective on the transfer date. 
SEC. 1205. TRANSFER DATE. 
(a) IN GENERAL.—Except as provided in subsection 
(b), the date for the transfer of functions to the Office 
of the Comptroller of the Currency and the Corporation 
under section 1204 shall be 1 year after the date of enact-
ment of this Act. 
(b) EXTENSION PERMITTED.— 
(1) NOTICE REQUIRED.—The Secretary, in con-
sultation with the Comptroller of the Currency and 
the Director of the Office of Thrift Supervision, may 
designate a calendar date for the transfer of func-
tions of the Office of Thrift Supervision to the Of-
fice of the Comptroller of the Currency, and the Cor-
poration under section 1204 that is later than 1 
year after the date of enactment of this Act if the 
Secretary— 
(A) transmits to the Committee on Bank-
ing, Housing, and Urban Affairs of the Senate 
and the Committee on Financial Services of the 
House of Representatives— 
(i) a written determination that or-
derly implementation of this title is not 
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feasible on the date that is 1 year after the 
date of enactment of this Act; 
(ii) an explanation of why an exten-
sion is necessary for the orderly implemen-
tation of this title; and 
(iii) a description of the steps that will 
be taken to effect an orderly and timely 
implementation of this title within the ex-
tended time period; and 
(B) publishes notice of that designated 
later date in the Federal Register. 
(2) EXTENSION LIMITED.—In no case shall any 
date designated under paragraph (1) be later than 
18 months after the date of enactment of this Act. 
(3) EFFECT ON REFERENCES TO ‘‘TRANSFER 
DATE’’.—If the Secretary takes the actions provided 
in paragraph (1) for designating a date for the 
transfer of functions to the Office of the Comptroller 
of the Currency, and the Corporation under section 
1204, references in this title to ‘‘transfer date’’ shall 
mean the date designated by the Secretary. 
SEC. 1206. OFFICE OF THRIFT SUPERVISION ABOLISHED. 
Effective 90 days after the transfer date, the position 
of Director of the Office of Thrift Supervision and the Of-
fice of Thrift Supervision are abolished. 
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SEC. 1207. SAVINGS PROVISIONS. 
(a) OFFICE OF THRIFT SUPERVISION.— 
(1) EXISTING RIGHTS, DUTIES, AND OBLIGA-
TIONS
NOT
AFFECTED.—Sections 1204(a)(1) and 
1206 shall not affect the validity of any right, duty, 
or obligation of the United States, the Director of 
the Office of Thrift Supervision, the Office of Thrift 
Supervision, or any other person, that existed on the 
day before the transfer date. 
(2) CONTINUATION OF SUITS.—This Act shall 
not abate any action or proceeding commenced by or 
against the Director of the Office of Thrift Super-
vision or the Office of Thrift Supervision before the 
transfer date, except that— 
(A) for any action or proceeding arising 
out of a function of the Director of the Office 
of Thrift Supervision transferred to the Comp-
troller of the Currency by this title, the Comp-
troller of the Currency or the Office of the 
Comptroller of the Currency shall be sub-
stituted for the Director of the Office of Thrift 
Supervision or the Office of Thrift Supervision, 
as the case may be, as a party to the action or 
proceeding as of the transfer date; or 
(B) for any action or proceeding arising 
out of a function of the Director of the Office 
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of Thrift Supervision transferred to the Cor-
poration by this title, the Chairman of the Cor-
poration shall be substituted for the Director of 
the Office of Thrift Supervision as a party to 
the action or proceeding as of the transfer date. 
(b) CONTINUATION OF EXISTING OTS ORDERS, RES-
OLUTIONS, DETERMINATIONS, AGREEMENTS, REGULA-
TIONS, ETC.—All orders, resolutions, determinations, 
agreements, and regulations, interpretative rules, other in-
terpretations, guidelines, procedures, and other advisory 
materials, that have been issued, made, prescribed, or al-
lowed to become effective by the Office of Thrift Super-
vision, or by a court of competent jurisdiction, in the per-
formance of functions that are transferred by this title and 
that are in effect on the day before the transfer date, shall 
continue in effect according to the terms of those orders, 
resolutions, determinations, agreements, and regulations, 
interpretative rules, other interpretations, guidelines, pro-
cedures, and other advisory materials, and shall be en-
forceable by or against— 
(1) the Office of the Comptroller of the Cur-
rency, in the case of a function of the Director of 
the Office of Thrift Supervision transferred to the 
Comptroller of the Currency, until modified, termi-
nated, set aside, or superseded in accordance with 
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applicable law by the Office of the Comptroller of 
the Currency, by any court of competent jurisdic-
tion, or by operation of law; or 
(2) the Corporation, in the case of a function 
of the Director of the Office of Thrift Supervision 
transferred to the Corporation, until modified, termi-
nated, set aside, or superseded in accordance with 
applicable law by the Corporation, by any court of 
competent jurisdiction, or by operation of law. 
(c) IDENTIFICATION
OF
REGULATIONS
CONTIN-
UED.— 
(1) BY OFFICE OF THE COMPTROLLER OF THE 
CURRENCY.—Not later than the transfer date, the 
Comptroller of the Currency shall— 
(A) after consultation with the Chairperson 
of the Corporation, identify the regulations con-
tinued under subsection (c) that will be en-
forced by the Office of the Comptroller of the 
Currency; and 
(B) publish a list of such regulations in the 
Federal Register. 
(2) BY THE CORPORATION.—Not later than the 
transfer date, the Corporation shall— 
(A) after consultation with the Office of 
the Comptroller of the Currency, identify the 
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regulations continued under subsection (c) that 
will be enforced by the Corporation; and 
(B) publish a list of such regulations in the 
Federal Register. 
(d) STATUS OF REGULATIONS PROPOSED OR NOT 
YET EFFECTIVE.— 
(1) PROPOSED
REGULATIONS.—Any proposed 
regulation of the Office of Thrift Supervision, which 
that agency, in performing functions transferred by 
this title, has proposed before the transfer date but 
has not published as a final regulation before that 
date, shall be deemed to be a proposed regulation of 
the Office of the Comptroller of the Currency, or the 
Corporation, as appropriate, according to its terms. 
(2) REGULATIONS NOT YET EFFECTIVE.—Any 
interim or final regulation of the Office of Thrift Su-
pervision, which that agency, in performing func-
tions transferred by this title, has published before 
the transfer date but which has not become effective 
before that date, shall become effective as a regula-
tion of the Office of the Comptroller of the Cur-
rency, or the Corporation, as appropriate, according 
to its terms. 
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SEC. 1208. REGULATIONS AND ORDERS. 
In addition to any powers transferred to the Comp-
troller of the Currency by this title, the Comptroller of 
the Currency may prescribe such regulations and issue 
such orders as the Comptroller of the Currency determines 
to be appropriate to carry out this title and the powers 
and duties transferred to the Comptroller of the Currency 
by this title. 
SEC. 1209. COORDINATION OF TRANSITION ACTIVITIES. 
Before the transfer date, the Comptroller of the Cur-
rency shall— 
(1) consult and cooperate with the Office of 
Thrift Supervision to facilitate the orderly transfer 
of functions to the Comptroller of the Currency; 
(2) determine and redetermine, from time to 
time— 
(A) the amount of funds necessary to pay 
any expenses associated with the transfer of 
functions (including expenses for personnel, 
property, and administrative services) during 
the period beginning on the date of enactment 
of this Act and ending on the transfer date; 
(B) what personnel are appropriate to fa-
cilitate the orderly transfer of functions by this 
title; and 
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(C) what property and administrative serv-
ices are necessary to support the Office of the 
Comptroller of the Currency during the period 
beginning on the date of enactment of this Act 
and ending on the transfer date; and 
(3) take such actions as may be necessary to 
provide for the orderly implementation of this title. 
SEC. 1210. INTERIM RESPONSIBILITIES OF OFFICE OF THE 
COMPTROLLER OF THE CURRENCY AND OF-
FICE OF THRIFT SUPERVISION. 
(a) IN GENERAL.—When requested by the Comp-
troller of the Currency to do so before the transfer date, 
the Office of Thrift Supervision shall— 
(1) pay to the Comptroller of the Currency, 
from funds obtained by the Office of Thrift Super-
vision through assessments, fees, or other charges 
that the Office of Thrift Supervision is authorized 
by law to impose, such amounts that the Comp-
troller of the Currency determines to be necessary 
under section 1209(2)(A); 
(2) detail to the Office of the Comptroller of the 
Currency such personnel as the Comptroller of the 
Currency determines to be appropriate under section 
1209(2)(B); and 
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(3) make available to the Office of the Comp-
troller of the Currency such property and provide 
the Office of the Comptroller of the Currency such 
administrative services as the Comptroller of the 
Currency determines to be necessary under section 
1209(2)(C). 
(b) NOTICE REQUIRED.—The Comptroller of the 
Currency shall give the Office of Thrift Supervision rea-
sonable prior notice of any request that the Office of the 
Comptroller of the Currency intends to make under sub-
section (a). 
SEC. 1211. EMPLOYEES TRANSFERRED. 
(a) IN GENERAL.— 
(1) OTS EMPLOYEES.— 
(A) IN
GENERAL.—All employees of the 
Office of Thrift Supervision shall be transferred 
to either the Comptroller of the Currency or the 
Corporation for employment. 
(B) ALLOCATING EMPLOYEES FOR TRANS-
FER TO RECEIVING AGENCIES.—The Director of 
the Office of Thrift Supervision, the Comp-
troller of the Currency, and the Chairperson of 
the Corporation shall— 
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(i) jointly determine the number of 
employees of the Office of Thrift Super-
vision necessary to perform or support— 
(I) the functions of the Office of 
Thrift Supervision that are trans-
ferred to the Office of the Comptroller 
of the Currency by this title; and 
(II) the functions of the Office of 
Thrift Supervision that are trans-
ferred to the Corporation by this title; 
and 
(ii) consistent with the numbers deter-
mined under clause (ii), jointly identify 
employees of the Office of Thrift Super-
vision for transfer to the Office of the 
Comptroller of the Currency or the Cor-
poration in a manner that the Director of 
the Office of Thrift Supervision, the Comp-
troller of the Currency, and the Chair-
person of the Corporation, in their discre-
tion, deem equitable. 
(2) TRANSFER
OF
EMPLOYEES
PERFORMING 
CONSUMER
FINANCIAL
PROTECTION
FUNCTIONS.— 
Nothing in paragraph (1) shall affect the transfer of 
employees performing or supporting consumer finan-
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cial protection functions of the Comptroller of the 
Currency and the Director of the Office of Thrift 
Supervision to the Consumer Financial Protection 
Agency as provided in the Consumer Financial Pro-
tection Agency Act of 2009. 
(3) APPOINTMENT AUTHORITY FOR EXCEPTED 
SERVICE TRANSFERRED.— 
(A) IN GENERAL.—In the case of employ-
ees occupying positions in the excepted service, 
any appointment authority established pursuant 
to law or regulations of the Office of Personnel 
Management for filling such positions shall be 
transferred, subject to subparagraph (B). 
(B) DECLINING TRANSFERS ALLOWED.— 
The Office of the Comptroller of the Currency 
and the Corporation may decline to accept a 
transfer of authority under subparagraph (A) 
(and the employees appointed pursuant thereto) 
to the extent that such authority relates to posi-
tions excepted from the competitive service be-
cause of their confidential, policy-making, pol-
icy-determining, or policy-advocating character. 
(b) TIMING OF TRANSFERS AND POSITION ASSIGN-
MENTS.—Each employee to be transferred under this sec-
tion shall— 
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(1) be transferred not later than 90 days after 
the transfer date; and 
(2) receive notice of his or her position assign-
ment not later than 120 days after the effective date 
of his or her transfer. 
(c) TRANSFER OF FUNCTION.— 
(1) IN GENERAL.—Notwithstanding any other 
provision of law, the transfer of employees shall be 
deemed a transfer of functions for the purpose of 
section 3503 of title 5, United States Code. 
(2) PRIORITY OF THIS ACT.—If any provision 
of this title conflicts with any protection provided to 
transferred employees under section 3503 of title 5, 
United States Code, the provisions of this title shall 
control. 
(d) EMPLOYEES’ STATUS
AND ELIGIBILITY.—The 
transfer of functions and employees under this title, and 
the abolition of the Office of Thrift Supervision, shall not 
affect the status of the transferred employees as employ-
ees of an agency of the United States under any provision 
of law. 
(e) EQUAL STATUS AND TENURE POSITIONS.—Each 
employee transferred from the Office of Thrift Supervision 
shall be placed in a position at either the Office of the 
Comptroller of the Currency or the Corporation with the 
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same status and tenure as he or she held on the day before 
the transfer date. 
(f) NO
ADDITIONAL
CERTIFICATION
REQUIRE-
MENTS.—Examiners transferred to the Office of the 
Comptroller of the Currency or the Corporation shall not 
be subject to any additional certification requirements be-
fore being placed in a comparable examiner’s position at 
the Office of the Comptroller of the Currency or the Cor-
poration examining the same types of institutions as they 
examined before they were transferred. 
(g) PERSONNEL ACTIONS LIMITED.— 
(1) 1-YEAR PROTECTION.—Except as provided 
in paragraph (2), each employee transferred from 
the Office of Thrift Supervision holding a permanent 
position on the day before the transfer date shall 
not, during the 1-year period beginning on the 
transfer date, be involuntarily separated, or involun-
tarily reassigned outside his or her locality pay area 
as defined by the Office of Personnel Management. 
(2) EXCEPTIONS.—Paragraph (1) does not 
limit the right of the Office of the Comptroller of the 
Currency or the Corporation to— 
(A) separate an employee for cause or for 
unacceptable performance; or 
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(B) terminate an appointment to a position 
excepted from the competitive service because of 
its 
confidential 
policy-making, 
policy-deter-
mining, or policy-advocating character. 
(h) PAY.— 
(1) 1-YEAR PROTECTION.—Except as provided 
in paragraph (2), each employee transferred from 
the Office of Thrift Supervision shall, during the 1- 
year period beginning on the transfer date, receive 
pay at a rate not less than the basic rate of pay (in-
cluding any geographic differential) that the em-
ployee received during the 1-year period immediately 
before the transfer. 
(2) EXCEPTIONS.—Paragraph (1) does not 
limit the right of the Office of the Comptroller of the 
Currency or the Corporation to reduce a transferred 
employee’s rate of basic pay— 
(A) for cause; 
(B) for unacceptable performance; or 
(C) with the employee’s consent. 
(3) PROTECTION
ONLY
WHILE
EMPLOYED.— 
Paragraph (1) applies to a transferred employee 
only while that employee remains employed by the 
Office of the Comptroller of the Currency or the 
Corporation. 
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(4) PAY
INCREASES
PERMITTED.—Paragraph 
(1) does not limit the authority of the Office of the 
Comptroller of the Currency or the Corporation to 
increase a transferred employee’s pay. 
(i) BENEFITS.— 
(1) RETIREMENT BENEFITS FOR TRANSFERRED 
EMPLOYEES.— 
(A) IN GENERAL.— 
(i) CONTINUATION OF EXISTING RE-
TIREMENT
PLAN.—Each employee trans-
ferred from the Office of Thrift Super-
vision may remain enrolled in his or her 
existing retirement plan or plans as long as 
he or she remains employed by the Office 
of the Comptroller of the Currency. 
(ii) EMPLOYER’S
CONTRIBUTION.— 
The Office of the Comptroller of the Cur-
rency or the Corporation shall pay any em-
ployer contributions to the existing retire-
ment plan of each employee transferred 
from the Office of Thrift Supervision as 
required under that plan. 
(B) DEFINITION.—For purposes of this 
paragraph, the term ‘‘existing retirement plan’’ 
means, with respect to any employee trans-
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ferred under this section, the particular retire-
ment plan (including the Financial Institutions 
Retirement Fund) and any associated thrift 
savings plan of the agency from which the em-
ployee was transferred, which the employee was 
enrolled in on the day before the transfer date. 
(2) BENEFITS OTHER THAN RETIREMENT BEN-
EFITS.— 
(A) DURING 1ST YEAR.— 
(i) EXISTING
PLANS
CONTINUE.— 
Each transferred employee may, for 1 year 
after the transfer date, retain membership 
in any other employee benefit program of 
the Office of Thrift Supervision, including 
a dental, vision, long-term care, or life in-
surance program, to which the employee 
belonged on the day before the transfer 
date. 
(ii) EMPLOYER’S
CONTRIBUTION.— 
The Office of the Comptroller of the Cur-
rency or the Corporation shall pay any em-
ployer cost in continuing to extend cov-
erage in the benefit program to the em-
ployee as required under that program or 
negotiated agreements. 
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(B) DENTAL, VISION, OR LIFE INSURANCE 
AFTER 1ST YEAR.—If, after the 1-year period 
beginning on the transfer date, the Office of the 
Comptroller of the Currency or the Corporation 
decides not to continue participation in any 
dental, vision, or life insurance program of the 
Office of Thrift Supervision, an employee trans-
ferred from the Office of Thrift Supervision 
pursuant to this title who is a member of such 
a program may, before the decision of the Of-
fice of the Comptroller of the Currency or the 
Corporation takes effect, elect to enroll, without 
regard to any regularly scheduled open season, 
in— 
(i) the enhanced dental benefits pro-
gram established by chapter 89A of title 5, 
United States Code; 
(ii) the enhanced vision benefits estab-
lished by chapter 89B of title 5, United 
States Code; and 
(iii) the Federal Employees Group 
Life Insurance Program established by 
chapter 87 of title 5, United States Code, 
without regard to any requirement of in-
surability. 
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100 
(C) LONG-TERM CARE INSURANCE AFTER 
1ST YEAR.—If, after the 1-year period begin-
ning on the transfer date, the Office of the 
Comptroller of the Currency or the Corporation 
decides not to continue participation in any 
long-term care insurance program of the Office 
of Thrift Supervision, an employee transferred 
from the Office of Thrift Supervision pursuant 
to this title who is a member of such a program 
may, before the decision of the Office of the 
Comptroller of the Currency or the Corporation 
takes effect, elect to apply for coverage under 
the Federal Long-Term Care Insurance Pro-
gram established by chapter 90 of title 5, 
United States Code, under the underwriting re-
quirements applicable to a new active workforce 
member (as defined in part 875, title 5, Code 
of Federal Regulations). 
(D) EMPLOYEE’S CONTRIBUTION.— 
(i) IN
GENERAL.—Subject to clause 
(ii), an individual enrolled in the Federal 
Employees Health Benefits program under 
this subparagraph shall pay any employee 
contribution required by the plan. 
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101 
(ii) COST
DIFFERENTIAL.—The dif-
ference in costs between the benefits that 
the Office of Thrift Supervision is pro-
viding on the date of enactment of this Act 
and the benefits provided by this section 
shall be paid by the Comptroller of the 
Currency or the Corporation. 
(iii) FUNDS
TRANSFER.—The Office 
of the Comptroller of the Currency or the 
Corporation shall transfer to the Federal 
Employees Health Benefits Fund estab-
lished under section 8909 of title 5, United 
States Code, an amount determined by the 
Director of the Office of Personnel Man-
agement, after consultation with the Office 
of the Comptroller of the Currency or the 
Corporation and the Office of Management 
and Budget, to be necessary to reimburse 
the Fund for the cost to the Fund of pro-
viding benefits under this subparagraph 
not otherwise paid for by the employee 
under clause (i). 
(E) SPECIAL PROVISIONS TO ENSURE CON-
TINUATION OF LIFE INSURANCE BENEFITS.— 
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102 
(i) IN GENERAL.—An annuitant (as 
defined in section 8901(3) of title 5, 
United States Code) who is enrolled in a 
life insurance plan administered by the Of-
fice of Thrift Supervision on the day before 
the transfer date shall be eligible for cov-
erage by a life insurance plan under sec-
tions 8706(b), 8714a, 8714b, and 8714c of 
title 5, United States Code, or in a life in-
surance plan established by the Office of 
the Comptroller of the Currency or the 
Corporation, without regard to any regu-
larly scheduled open season and require-
ment of insurability. 
(ii) EMPLOYEE’S CONTRIBUTION.— 
(I) IN
GENERAL.—Subject to 
subclause (II), an individual enrolled 
in a life insurance plan under this 
clause shall pay any employee con-
tribution required by the plan. 
(II) COST
DIFFERENTIAL.—The 
difference in costs between the bene-
fits that the Office of Thrift Super-
vision is providing on the date of en-
actment of this Act and the benefits 
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103 
provided by this section shall be paid 
by the Comptroller of the Currency or 
the Corporation. 
(III) FUNDS
TRANSFER.—The 
Office of the Comptroller of the Cur-
rency or the Corporation shall trans-
fer to the Employees’ Life Insurance 
Fund established under section 8714 
of title 5, United States Code, an 
amount determined by the Director of 
the Office of Personnel Management, 
after consultation with the Office of 
the Comptroller of the Currency or 
the Corporation and the Office of 
Management and Budget, to be nec-
essary to reimburse the Fund for the 
cost to the Fund of providing benefits 
under this subparagraph not other-
wise paid for by the employee under 
subclause (I). 
(IV) CREDIT
FOR
TIME
EN-
ROLLED IN OTHER PLANS.—For em-
ployees transferred under this section, 
enrollment in a life insurance plan ad-
ministered by the Office of the Comp-
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troller of the Currency, the Office of 
Thrift Supervision, or the Corporation 
immediately before enrollment in a life 
insurance plan under chapter 87 of 
title 5, United States Code, shall be 
considered as enrollment in a life in-
surance plan under that chapter for 
purposes of section 8706(b)(1)(A) of 
title 5, United States Code. 
(j) EQUITABLE TREATMENT.—In administering the 
provisions of this section, the Office of the Comptroller 
of the Currency and the Corporation— 
(1) shall take no action that would unfairly dis-
advantage transferred employees relative to other 
employees of the Office of the Comptroller of the 
Currency based on their prior employment by the 
Office of Thrift Supervision; 
(2) may take such action as is appropriate in 
individual cases so that employees transferred under 
this section receive equitable treatment, with respect 
to those employees’ status, tenure, pay, benefits 
(other than benefits under programs administered by 
the Office of Personnel Management), and accrued 
leave or vacation time, for prior periods of service 
with any Federal agency. 
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SEC. 1212. PROPERTY TRANSFERRED. 
(a) IN GENERAL.—Not later than 90 days after the 
transfer date, all property of the Office of Thrift Super-
vision shall be transferred to the Office of the Comptroller 
of the Currency or the Corporation, allocated in a manner 
consistent with section 1211(a). 
(b) CONTRACTS RELATED
TO PROPERTY TRANS-
FERRED.—All contracts, agreements, leases, licenses, per-
mits, and similar arrangements relating to property trans-
ferred to the Office of the Comptroller of the Currency 
or the Corporation by this section shall be transferred to 
the Office of the Comptroller of the Currency or the Cor-
poration together with that property. 
(c) PRESERVATION OF PROPERTY.—Property identi-
fied for transfer under this section shall not be altered, 
destroyed, or deleted before transfer under this section. 
(d) PROPERTY DEFINED.—For purposes of this sec-
tion, the term ‘‘property’’ includes all real property (in-
cluding leaseholds) and all personal property (including 
computers, furniture, fixtures, equipment, books, ac-
counts, records, reports, files, memoranda, paper, reports 
of examination, work papers and correspondence related 
to such reports, and any other information or materials). 
SEC. 1213. FUNDS TRANSFERRED. 
Except to the extent needed to dispose of affairs 
under section 1214, all funds that, on the day before the 
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transfer date, are available to the Director of the Office 
of Thrift Supervision to pay the expenses of the Office 
of Thrift Supervision shall be transferred to the Office of 
the Comptroller of the Currency or the Corporation, allo-
cated in a manner consistent with section 1211(a), on the 
transfer date. 
SEC. 1214. DISPOSITION OF AFFAIRS. 
(a) IN GENERAL.—During the 90-day period begin-
ning on the transfer date, the Director of the Office of 
Thrift Supervision— 
(1) shall, solely for the purpose of winding up 
the affairs of the agency related to any function 
transferred to the Office of the Comptroller of the 
Currency or the Corporation by this title— 
(A) manage any employees of the Office of 
Thrift Supervision and provide for the payment 
of the compensation and benefits of any such 
employees that accrue before the transfer date; 
and 
(B) manage any property of the Office of 
Thrift Supervision until the property is trans-
ferred under section 1212; and 
(2) may take any other action necessary to 
wind up the affairs of the Office of Thrift Super-
vision relating to the transferred functions. 
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(b) AUTHORITY AND STATUS OF DIRECTOR.— 
(1) IN GENERAL.—Notwithstanding the trans-
fers of functions under this title, the Director of the 
Office of Thrift Supervision shall, during the 90-day 
period beginning on the transfer date, retain and 
may exercise any authority vested in the Director on 
the day before the transfer date that is necessary to 
carry out the requirements of this title during that 
period. 
(2) OTHER
PROVISIONS.—For purposes of 
paragraph (1), the Director of the Office of Thrift 
Supervision shall, during the 90-day period begin-
ning on the transfer date, continue to be— 
(A) treated as an officer of the United 
States; and 
(B) entitled to receive compensation at the 
same annual rate of basic pay that he or she 
was receiving on the day before the transfer 
date. 
SEC. 1215. CONTINUATION OF SERVICES. 
Any agency, department, or other instrumentality of 
the United States, and any successor to any such agency, 
department, or instrumentality, that was, before the trans-
fer date, providing support services to the Office of Thrift 
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Supervision in connection with functions to be transferred 
to the Office of the Comptroller of the Currency, shall— 
(1) continue to provide those services, subject to 
reimbursement, until the transfer of those functions 
is complete; and 
(2) consult with any such agency to coordinate 
and facilitate a prompt and orderly transition. 
SEC. 1216. TREATMENT OF SAVINGS AND LOAN HOLDING 
COMPANIES. 
(a) Section 2 of the Home Owners’ Loan Act (12 
U.S.C. 1462) is amended in paragraph (1) by striking 
‘‘DIRECTOR.—The term ‘Director’ means the Director of 
the Office of Thrift Supervision’’ and inserting ‘‘COMP-
TROLLER.—The term ‘Comptroller’ means the Comp-
troller of the Currency’’. 
(b) Section 10 of the Home Owners’ Loan Act (12 
U.S.C. 1467a) is amended as follows: 
(1) In subsection (a)(1)(A) by striking ‘‘Direc-
tor’’ and inserting ‘‘Comptroller of the Currency’’; 
(2) In subsection (m) as follows: 
(A) in paragraph (2) by striking ‘‘Direc-
tor’’ and inserting ‘‘Comptroller’’; 
(B) in paragraph (2) by striking ‘‘Director 
may grant’’ and inserting ‘‘Comptroller of the 
Currency may grant’’; 
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(C) in paragraph (2) by striking ‘‘the Di-
rector deems’’ and inserting ‘‘the Comptroller 
deems’’; 
(D) in paragraph (2)(A) by striking ‘‘Di-
rector’’ and inserting ‘‘Comptroller’’; 
(E) in paragraph (2)(B) by striking ‘‘Di-
rector’’ and inserting ‘‘Comptroller’’; 
(F) in paragraph (2)(B)(iii) by striking 
‘‘Director’’ and inserting ‘‘Comptroller’’; 
(G) in paragraph (4)(D) by striking ‘‘Di-
rector’’ and inserting ‘‘Comptroller’’; 
(H) in paragraph (4)(E) by striking ‘‘Di-
rector’’ and inserting ‘‘Comptroller’’; and 
(I) in paragraph (7)(B) by striking ‘‘Direc-
tor’’ and inserting ‘‘Comptroller’’; 
(3) In subsection (o) as follows: 
(A) in paragraph (3) in the heading by 
striking ‘‘DIRECTOR’’ and inserting ‘‘BOARD’’; 
(B) in paragraph (3)(A) by striking ‘‘Di-
rector’’ and inserting ‘‘Board’’; 
(C) in paragraph (3)(B) by striking ‘‘Di-
rector’’ and inserting ‘‘Board’’; 
(D) in paragraph (3)(C) by striking ‘‘Di-
rector’’ and inserting ‘‘Board’’; 
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(E) in paragraph (3)(D) by striking ‘‘Di-
rector’’ and inserting ‘‘Comptroller’’; 
(F) in paragraph (7) by striking ‘‘char-
tered by the Director’’ and inserting ‘‘chartered 
by the Comptroller’’; and 
(G) in paragraph (7) by striking ‘‘regula-
tions as the Director may’’ and inserting ‘‘regu-
lations as the Board may’’; and 
ø(4) by striking subsections ‘‘(a)’’ through 
‘‘(n)’’, and ‘‘(p)’’ through ‘‘(t)’’, and redesignating 
current subsections ‘‘(m)’’ and ‘‘(o)’’ as ‘‘(a)’’ and 
‘‘(b)’’, respectively.¿ 
SEC. 1217. PRACTICES OF CERTAIN MUTUAL THRIFT HOLD-
ING COMPANIES PRESERVED. 
(a) TREATMENT OF DIVIDENDS BY CERTAIN MU-
TUAL HOLDING COMPANIES.—Section 3(g) of the Bank 
Holding Company Act (12 U.S.C. 1842(g)) is amended 
by inserting new paragraphs (3) through (7) as follows: 
‘‘(3) DECLARATION
OF
DIVIDENDS.—Every 
subsidiary savings association of a mutual holding 
company shall give the Board not less than 30 days’ 
advance notice of the proposed declaration by its di-
rectors of any dividend on its guaranty, permanent, 
or other nonwithdrawable stock. Such notice period 
shall commence to run from the date of receipt of 
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111 
such notice by the Board. Any such dividend de-
clared within such period, or without the giving of 
such notice to the Board, shall be invalid and shall 
confer no rights or benefits upon the holder of any 
such stock. 
‘‘(4) WAIVER
OF
DIVIDENDS.—Any mutual 
thrift holding company organized under section 
10(b) of the Home Owners’ Loan Act shall be per-
mitted to waive such company’s right to receive any 
dividend declared by a subsidiary, if— 
‘‘(A) no insider of the mutual holding com-
pany, associate of an insider, or tax-qualified or 
non-tax-qualified employee stock benefit plan of 
the mutual holding company holds any share of 
the stock in the class of stock to which the 
waiver would apply; 
‘‘(B) the mutual holding company provides 
the Board with written notice of its intent to 
waive its right to receive dividends 30 days 
prior to the proposed date of payment of the 
dividend; and 
‘‘(C) the Board does not object. 
‘‘(5) STANDARDS FOR WAIVER OF DIVIDEND.— 
The Board shall not object to a notice of intent to 
waive dividends under paragraph (4) if— 
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112 
‘‘(A) the waiver would not be detrimental 
to the safe and sound operation of the savings 
association; and 
‘‘(B) the board of directors of the mutual 
holding company expressly determines that a 
waiver of the dividend by the mutual holding 
company is consistent with the directors’ fidu-
ciary duties to the mutual members of such 
company. 
‘‘(6) RESOLUTION INCLUDED IN WAIVER NO-
TICE.—A dividend waiver notice shall include a copy 
of the resolution of the board of directors of the mu-
tual holding company, in form and substance satis-
factory to the Board, together with any supporting 
materials relied upon by the board of directors, con-
cluding that the proposed dividend waiver is con-
sistent with the board of director’s fiduciary duties 
to the mutual members of the mutual holding com-
pany. 
‘‘(7) VALUATION.—The Board will not consider 
waived dividends in determining an appropriate ex-
change ratio in the event of a full conversion to 
stock form.’’. 
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113 
SEC. 1218. COMPOSITION OF BOARD OF DIRECTORS OF THE 
FEDERAL DEPOSIT INSURANCE CORPORA-
TION. 
Section 2 of the Federal Deposit Insurance Act (12 
U.S.C. 1812) is amended— 
(1) in subsection (a)(1)— 
(A) in subparagraph (B), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ and 
inserting ‘‘Chairman of the Board of Governors 
of the Federal Reserve System, or such other 
member of the Board of Governors as the 
Chairman of the Board of Governors shall des-
ignate’’; 
(2) by amending subsection (d)(2) to read as 
follows: 
‘‘(2) ACTING OFFICIALS MAY SERVE.—In the 
event of a vacancy in the office of the Comptroller 
of the Currency and pending the appointment of a 
successor, or during the absence or disability of the 
Comptroller of the Currency, the acting Comptroller 
of the Currency shall be a member of the Board of 
Directors in the place of the Comptroller of the Cur-
rency.’’; and 
(3) in subsection (f)(2), by striking ‘‘or of the 
Office of Thrift Supervision’’. 
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114 
SEC. 1219. AMENDMENTS TO SECTION 3. 
Section 3 of the Federal Deposit Insurance Act (12 
U.S.C. 1813) is amended— 
(1) in subsection (b)(1)(C) (relating to the defi-
nition of the term ‘‘savings association’’), by striking 
‘‘Director of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’; 
(2) in subsection (l)(5) (relating to the defini-
tion of the term ‘‘deposit’’), in the introductory text, 
by striking ‘‘, Director of the Office of Thrift Super-
vision,’’ and inserting ‘‘, and’’; 
(3) in subsection (q) (relating to the definition 
of the term ‘‘appropriate Federal banking agen-
cy’’)— 
(A) by amending paragraph (1) to read as 
follows: 
‘‘(1) the Comptroller of the Currency, in the 
case of any national bank, any Federal branch or 
agency of a foreign bank, or any savings association 
or savings and loan holding company;’’; 
(B) in paragraph (2)(F), by adding ‘‘and’’ 
at the end after the semicolon; 
(C) in paragraph (3), by striking ‘‘; and’’ 
and inserting a period; 
(D) by amending paragraph (3) to read as 
follows: 
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(A) by striking ‘‘Director of the Office of 
Thrift Supervision’’ and inserting ‘‘Comptroller 
of the Currency’’; and 
(3) in subsection (w)(3)(A), by striking ‘‘Office 
of Thrift Supervision’’ and inserting ‘‘Office of the 
Comptroller of the Currency’’. 
SEC. 1222. AMENDMENTS TO SECTION 11. 
Section 11 of the Federal Deposit Insurance Act (12 
U.S.C. 1821) is amended— 
(1) in subsection (c)(6) — 
(A) in the heading, by striking ‘‘DIRECTOR 
OF THE OFFICE OF THRIFT SUPERVISION’’ and 
inserting ‘‘COMPTROLLER OF THE CURRENCY’’; 
(B) in subparagraph (A), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’; and 
(C) in subparagraph (B), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’; and 
(2) in subsection (d)— 
(A) in paragraph (2)(F)(i), by striking 
‘‘Director of the Office of Thrift Supervision’’ 
and inserting ‘‘Comptroller of the Currency’’; 
(B) in paragraph (17)(A)— 
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(i) by striking ‘‘Comptroller of the 
Currency’’; and 
(ii) by striking ‘‘appropriate’’; and 
(C) in paragraph (18)(B), by striking ‘‘or 
the Director of the Office of Thrift Super-
vision’’. 
SEC. 1223. AMENDMENTS TO SECTION 13. 
Section 13(k)(1)(A)(iv) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1823(k)(1)(A)(iv)) is amended by 
striking ‘‘Director of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’. 
SEC. 1224. AMENDMENTS TO SECTION 18. 
Section 18 of the Federal Deposit Insurance Act (12 
U.S.C. 1828) is amended— 
(1) in subsection (c)(2)— 
(A) in subparagraph (A), by striking 
‘‘bank;’’ and inserting ‘‘bank or a savings asso-
ciation;’’; 
(B) in subparagraph (B), by inserting 
‘‘and’’ at the end after the semicolon; 
(C) in subparagraph (C), by striking 
‘‘bank (except a savings bank supervised by the 
Director of the Office of Thrift Supervision); 
and’’ and inserting ‘‘bank or State savings as-
sociation.’’; and 
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(D) by striking subparagraph (D); 
(2) in subsection (g)(1), by striking ‘‘Director 
of the Office of Thrift Supervision’’ and inserting 
‘‘Comptroller of the Currency’’; 
(3) in subsection (i)(2)— 
(A) by striking subparagraph (B) and in-
serting the following new subparagraph: 
‘‘(B) the Corporation, if the resulting insti-
tution is to be a State nonmember insured bank 
or insured State savings association.’’; and 
(B) by striking subparagraph (C); 
(4) in subsection (m)— 
(A) in paragraph (1)— 
(i) in subparagraph (A), by striking 
‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the 
Currency’’; and 
(ii) in subparagraph (B), by striking 
‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the 
Currency’’; 
(B) in paragraph (2)— 
(i) in subparagraph (A), by striking 
‘‘Director of the Office of Thrift Super-
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vision’’ and inserting ‘‘Comptroller of the 
Currency’’; and 
(ii) in subparagraph (B), by striking 
‘‘Director of the Office of Thrift Super-
vision’’ each place it appears and inserting 
‘‘Comptroller of the Currency’’; and 
(C) in paragraph (3)— 
(i) in subparagraph (A), by striking 
‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the 
Currency’’; and 
(ii) in subparagraph (B), by striking 
‘‘Office of Thrift Supervision’’ and insert-
ing ‘‘Comptroller of the Currency’’. 
SEC. 1225. AMENDMENTS TO SECTION 28. 
Section 28 of the Federal Deposit Insurance Act (12 
U.S.C. 1831e) is amended— 
(1) in subsection (e)— 
(A) in paragraph (2)— 
(i) in subparagraph (A)(ii), by strik-
ing ‘‘Director of the Office of Thrift Su-
pervision’’ and inserting ‘‘Comptroller of 
the Currency’’; 
(ii) in subparagraph (C), by striking 
‘‘Director of the Office of Thrift Super-
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121 
vision’’ and inserting ‘‘Comptroller of the 
Currency’’; and 
(iii) in subparagraph (F), by striking 
‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the 
Currency’’; and 
(B) in paragraph (3)— 
(i) in subparagraph (A), by striking 
‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the 
Currency’’; and 
(ii) in subparagraph (B), by striking 
‘‘Director of the Office of Thrift Super-
vision’’ and inserting ‘‘Comptroller of the 
Currency’’; and 
(2) in subsection (h)(2), by striking ‘‘Director 
of the Office of Thrift Supervision’’ and inserting 
‘‘Comptroller of the Currency’’. 
SEC. 1226. AMENDMENTS TO THE ALTERNATIVE MORT-
GAGE TRANSACTION PARITY ACT OF 1982. 
(a) 
AMENDMENTS
TO
SECTION
802.—Section 
802(a)(3) of the Alternative Mortgage Transaction Parity 
Act of 1982 (12 U.S.C. 3801) is amended— 
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(1) by striking ‘‘Comptroller of the Currency,’’ 
and inserting ‘‘Comptroller of the Currency and’’; 
and 
(2) by striking ‘‘, and the Director of the Office 
of Thrift Supervision’’. 
(b) AMENDMENTS TO SECTION 804.—Section 804(a) 
of the Alternative Mortgage Transaction Parity Act of 
1982 (12 U.S.C. 3803) is amended— 
(1) by amending paragraph (1) to read as fol-
lows: 
‘‘(1) with respect to banks, savings associations, 
mutual savings banks, and savings banks, only to 
transactions made in accordance with regulations 
governing alternative mortgage transactions as pre-
scribed by the Comptroller of the Currency to the 
extent that such regulations are authorized by rule-
making authority granted to the Comptroller of the 
Currency under laws other than this section.’’; and 
(2) by striking paragraph (3). 
SEC. 1227. AMENDMENTS TO THE BANK HOLDING COM-
PANY ACT OF 1956. 
Section 4(f)(12)(A) of the Bank Holding Company 
Act of 1956 (12 U.S.C. 1843) is amended striking ‘‘Reso-
lution Trust Corporation’’. 
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SEC. 1228. AMENDMENTS TO THE BANK PROTECTION ACT 
OF 1968. 
Section 2 of the Bank Protection Act of 1968 (12 
U.S.C. 1881) is amended— 
(1) in paragraph (1), by striking ‘‘national 
banks,’’ and inserting ‘‘national banks and federal 
savings associations.’’; 
(2) in paragraph (2), by inserting ‘‘and’’ at the 
end; 
(3) in paragraph (3), by striking ‘‘, and’’ at the 
end and inserting a period; and 
(4) by striking paragraph (4). 
SEC. 1229. AMENDMENTS TO THE BANK SERVICE COMPANY 
ACT. 
Section 1(b) of the Bank Service Company Act (12 
U.S.C. 1861(b)) is amended— 
(1) in paragraph (4), by striking ‘‘insured 
bank,’’ and inserting ‘‘insured bank or’’; 
(2) by striking ‘‘Office of Thrift Supervision’’ 
and inserting ‘‘Office of the Comptroller of the Cur-
rency’’; and 
(3) by striking ‘‘, the Federal Savings and Loan 
Insurance Corporation,’’. 
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124 
SEC. 1230. AMENDMENTS TO THE COMMUNITY REINVEST-
MENT ACT OF 1977. 
Section 803(1) of the Community Reinvestment Act 
of 1977 (12 U.S.C. 2902(1)) is amended— 
(1) in subparagraph (A), by striking ‘‘national 
banks’’ and inserting ‘‘national banks or savings as-
sociations (the deposits of which are insured by the 
Federal Deposit Insurance Corporation)’’; 
(2) in subparagraph (B), by striking ‘‘and bank 
holding companies;’’ and inserting ‘‘, bank holding 
companies and savings and loan holding compa-
nies;’’; and 
(3) by striking subparagraph (D). 
SEC. 1231. AMENDMENTS TO THE DEPOSITORY INSTITU-
TION MANAGEMENT INTERLOCKS ACT. 
(a) AMENDMENT TO SECTION 207.—Section 207 of 
the Depository Institution Management Interlocks Act (12 
U.S.C. 3206) is amended— 
(1) in paragraph (1), by striking ‘‘national 
banks,’’ and inserting ‘‘national banks and Federal 
savings associations (the deposits of which are in-
sured by the Federal Deposit Insurance Corpora-
tion),’’; 
ø(2) in paragraph (2), by striking ‘‘and bank 
holding companies,’’ and inserting ‘‘, bank holding 
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125 
companies, and savings and loan holding compa-
nies,’’;¿ 
(3) by striking paragraph (4); and 
(4) by redesignating paragraphs (5) and (6) as 
paragraphs (4) and (5), respectively. 
(b) AMENDMENT TO SECTION 209.—Section 209 of 
the Depository Institution Management Interlocks Act (12 
U.S.C. 3207) is amended— 
(1) in paragraph (1), by striking ‘‘national 
banks,’’ and inserting ‘‘national banks and Federal 
savings associations (the deposits of which are in-
sured by the Federal Deposit Insurance Corpora-
tion),’’; 
(2) in paragraph (2), by striking ‘‘and bank 
holding companies,’’ and inserting ‘‘, bank holding 
companies, and savings and loan holding compa-
nies,’’; 
(3) at the end of paragraph (3), by inserting 
‘‘and’’ after the comma; 
(4) by striking paragraph (4); and 
(5) by redesignating paragraph (5) as para-
graph (4). 
(c) AMENDMENT
TO
SECTION
210.—Subsection 
210(a) of the Depository Institution Management Inter-
locks Act (12 U.S.C. 3208(a)) is amended— 
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126 
(1) by striking ‘‘his’’ and inserting ‘‘the’’; and 
(2) by inserting ‘‘of the attorney General’’ after 
‘‘enforcement functions’’. 
SEC. 1232. AMENDMENTS TO THE EMERGENCY HOME-
OWNER’S RELIEF ACT. 
Section 110 of the Emergency Homeowner’s Relief 
Act (12 U.S.C. 2709) is amended— 
(1) by striking the ‘‘Federal Home Loan bank 
Board’’ and inserting ‘‘Federal Housing Finance 
Agency’’; and 
(2) by striking ‘‘the Federal Savings and Loan 
Insurance Corporation’’. 
SEC. 1233. AMENDMENTS TO THE EQUAL CREDIT OPPOR-
TUNITY ACT. 
Section 704 of the Equal Credit Opportunity Act (15 
U.S.C. 1691c) is amended in subsection (a)— 
(1) in paragraph (1)(A), by striking ‘‘and Fed-
eral branches and Federal agencies of foreign 
banks,’’ and inserting ‘‘, Federal branches and Fed-
eral agencies of foreign banks, or a savings associa-
tion the deposits of which are insured by the Federal 
Deposit Insurance Corporation;’’; 
(2) by striking paragraph (2); and 
(3) by redesignating paragraphs (3) through 
(9) as paragraphs (2) through (8). 
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127 
SEC. 1234. AMENDMENTS TO THE FEDERAL CREDIT UNION 
ACT. 
(a) 
AMENDMENTS
TO
SECTION
206.—Section 
206(g)(7) of the Federal Credit Union Act (12 U.S.C. 
1786(g)(7)) is amended— 
(1) in subparagraph (A)— 
ø(A) by inserting ‘‘and’’ after the semi-
colon at the end of clause (v);¿ 
(B) in clause (vi)— 
(i) by striking ‘‘Federal Housing Fi-
nance Board’’ and inserting ‘‘Federal 
Housing Finance Agency’’; and 
(ii) by striking ‘‘; and’’ after the semi-
colon and inserting a period; and 
(C) by striking clause (vii); 
(2) in subparagraph (D)— 
ø(A) by inserting ‘‘and’’ after the semi-
colon at the end of clause (iii);¿ 
(B) by striking ‘‘; and’’ at the end of 
clause (iv) and inserting a period; and 
(C) striking clause (v). 
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128 
SEC. 1235. AMENDMENTS TO THE FEDERAL FINANCIAL IN-
STITUTIONS EXAMINATION COUNCIL ACT OF 
1978. 
(a) AMENDMENT TO SECTION 1002.—Section 1002 
of the Federal Financial Institutions Examination Council 
Act of 1978 (12 U.S.C. 3301) is amended— 
(1) by striking ‘‘Federal Home Loan Bank 
Board’’ and inserting ‘‘Federal Housing Finance 
Agency’’. 
(b) 
AMENDMENT
TO
SECTION
1003.—Section 
1003(1) of the Federal Financial Institutions Examina-
tion Council Act of 1978 (12 U.S.C. 3302(1)) is amended 
by striking ‘‘the Office of Thrift Supervision’’. 
(c) AMENDMENTS
TO
SECTION
1004.—Section 
1004(a) of the Federal Financial Institutions Examina-
tion Council Act of 1978 (12 U.S.C. 3303) is amended— 
(1) by striking paragraph (4); and 
(2) by redesignating paragraph (5) as para-
graph (4). 
SEC. 1236. AMENDMENTS TO THE FEDERAL HOME LOAN 
BANK ACT. 
(a) AMENDMENTS TO SECTION 18.—Section 18(c) of 
the Federal Home Loan Bank Act (12 U.S.C. 1438(c)) 
is amended— 
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(1) by striking ‘‘Director of the Office of Thrift 
Supervision’’ each place it appears and inserting 
‘‘Comptroller of the Currency’’; 
(2) in paragraph (1)(B), by striking ‘‘and the 
agencies under its administration or supervision’’; 
and 
(3) in paragraph (5), by striking ‘‘and such 
agencies’’. 
(b) AMENDMENTS TO SECTION 21A.—Section 21A of 
the Federal Home Loan Bank Act (12 U.S.C. 1441a) is 
repealed. 
SEC. 1237. AMENDMENTS TO THE FEDERAL RESERVE ACT. 
Section 19 of the Federal Reserve Act (12 U.S.C. 
461(b)) is amended— 
(1) in paragraph (1)(F), by striking ‘‘the Direc-
tor of the Office of Thrift Supervision’’ and insert-
ing ‘‘the Comptroller of the Currency’’; and 
(2) in paragraph (4)(B), by striking ‘‘the Direc-
tor of the Office of Thrift Supervision’’ and insert-
ing ‘‘the Comptroller of the Currency’’. 
SEC. 1238. AMENDMENTS TO THE FINANCIAL INSTITUTIONS 
REFORM, RECOVERY, AND ENFORCEMENT 
ACT OF 1989. 
(a) AMENDMENTS TO SECTION 302.—Section 302(1) 
of the Financial Institutions Reform, Recovery, and En-
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130 
forcement Act of 1989 (12 U.S.C. 1467a nt.) is amended 
by striking ‘‘Director of the Office of Thrift Supervision’’ 
and inserting ‘‘Comptroller of the Currency’’. 
(b) 
AMENDMENT
TO
SECTION
305.—Section 
305(b)(1) of the Financial Institutions Reform, Recovery, 
and Enforcement Act of 1989 (12 U.S.C. 1464(b)(1) nt.) 
is amended by striking ‘‘Director of the Office of Thrift 
Supervision’’ and inserting ‘‘Comptroller of the Cur-
rency’’. 
(c) AMENDMENT TO SECTION 308.—Section 308(a) 
of the Financial Institutions Reform, Recovery, and En-
forcement Act of 1989 (12 U.S.C. 1463 nt.) is amended 
by striking ‘‘Director of the Office of Supervision’’ and 
‘‘Comptroller of the Currency’’. 
(d) AMENDMENTS TO SECTION 402.—Section 402 of 
the Financial Institutions Reform, Recovery, and Enforce-
ment Act of 1989 (12 U.S.C. 1437 nt.) is amended— 
(1) in subsection (a), by striking ‘‘Director of 
the Office of Thrift Supervision’’ and inserting 
‘‘Comptroller of the Currency’’; 
(2) in subsection (b), by striking ‘‘Director of 
the Office of Thrift Supervision’’ and inserting 
‘‘Comptroller of the Currency’’; and 
(3) in subsection (e)— 
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131 
(A) in paragraph (1), by striking ‘‘the Of-
fice of Thrift Supervision’’ and inserting ‘‘Of-
fice of the Comptroller of the Currency’’; 
(B) in paragraph (2), by striking ‘‘Director 
of the Office of Thrift Supervision’’ each place 
it appears and inserting ‘‘Comptroller of the 
Currency’’; 
(C) in paragraph (3), by striking ‘‘Director 
of the Office of Thrift Supervision’’ and insert-
ing ‘‘Comptroller of the Currency’’; and 
(D) in paragraph (4), by striking ‘‘Direc-
tor of the Office of Thrift Supervision’’ and in-
serting ‘‘Comptroller of the Currency’’. 
(e) 
AMENDMENT
TO
SECTION
1103.—Section 
1103(a) of the Financial Institutions Reform, Recovery, 
and Enforcement Act of 1989 (12 U.S.C. 3332(a)) is 
amended by striking ‘‘and the Resolution Trust Corpora-
tion’’. 
(f) AMENDMENTS
TO SECTION 1205.—Subsection 
1205(b) of the Financial Institutions Reform, Recovery, 
and Enforcement Act of 1989 (12 U.S.C. 1818 nt.) is 
amended— 
(1) in paragraph (1)— 
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132 
(A) in subparagraph (B), by striking ‘‘Di-
rector of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’; 
(B) by striking subparagraph (D); and 
(C) by redesignating subparagraphs (E) 
and (F) as paragraphs (D) and (E), respec-
tively; 
(2) in paragraph (2), by striking ‘‘paragraph 
(1)(F)’’ and inserting ‘‘paragraph (1)(E)’’; and 
(3) in paragraph (5), by striking ‘‘through (E)’’ 
and inserting ‘‘through (D)’’. 
(g) AMENDMENTS TO SECTION 1206.—Section 1206 
of the Financial Institutions Reform, Recovery, and En-
forcement Act of 1989 (12 U.S.C. 1833b) is amended— 
(1) by striking ‘‘the Thrift Depositor Protection 
Oversight Board of the Resolution Trust Corpora-
tion’’; 
(2) by inserting ‘‘and’’ after ‘‘the Federal 
Housing Finance Board’’ and before ‘‘the Farm 
Credit Administration’’; and 
(3) by striking ‘‘, and the Office of Thrift Su-
pervision’’. 
(h) AMENDMENTS TO SECTION 1216.—Section 1216 
of the Financial Institutions Reform, Recovery, and En-
forcement Act of 1989 (12 U.S.C. 1833e) is amended— 
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133 
(1) in subsection (a)— 
(A) by striking paragraphs (2), (5), and 
(6); and 
(B) by redesignating paragraphs (3), and 
(4), as paragraphs (2), and (3), respectively; 
(2) in subsection (c)— 
(A) by striking ‘‘the Director of the Office 
of Thrift Supervision,’’ and inserting ‘‘, and’’; 
and 
(B) by striking ‘‘the Thrift Depositor pro-
tection Oversight Board of the Resolution Trust 
Corporation, and the Resolution Trust Corpora-
tion’’; and 
(3) in subsection (d)— 
(A) by striking paragraphs (3), (5) and 
(6); and 
(B) by redesignating paragraphs (4), (7), 
and (8) as paragraphs (3), (4), and (5), respec-
tively. 
SEC. 1239. AMENDMENTS TO THE HOUSING ACT OF 1948. 
Section 502(c) of the Housing Act of 1948 (12 
U.S.C. 1701c(c)) is amended in the introductory text by 
striking ‘‘Director of the Office of Thrift Supervision’’ and 
inserting ‘‘Comptroller of the Currency’’. 
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