105 STAT. 2294 PUBLIC LAW 102-242—DEC. 19, 1991 "(iii) COPY TO OTHER AGENCIES. —A copy of any report under this paragraph shall be filed with the appropriate Federal banking agency for the financial institution (if other than the agency receiving the report under this paragraph). "(iv) OTHER INFORMATION,—Each appropriate Federal banking agency may require any additional information necessary to carry out the agency's supervisory responsibilities. "(E) EXCEPTIONS. — "(i) EXCEPTION WHERE INFORMATION PROVIDED BY BOR- ROWER.—Notwithstanding subparagraph (A), a financial institution and the affiliates of such institution shall not be required to report a transaction under this paragraph if the person or group of persons referred to in such subparagraph has disclosed the amount borrowed from such institution or affiliate and the security interest of the institution or affiliate to the appropriate Federal banking agency for the insured depository institution in connection with a notice filed under this subsection, an application filed under the Bank Holding Company Act of 1956, section 10 of the Home Owners' Loan Act, or any other application filed with the appropriate Federal banking agency for the insured depository institution as a substitute for a notice under this subsection, such as an application for deposit insurance, membership in the Federal Reserve System, or a national bank charter. " (ii) EXCEPTION FOR SHARES OWNED FOR MORE THAN i YEAR. —Notwithstanding subparagraph (A), a financial institution and any affiliate of such institution shall not be required to report a transaction involving— "(I) a person or group of persons that has been the owner or owners of record of the stock for a period of 1 year or more; or "(II) stock issued by a newly chartered bank before the bank's opening.". SEC. 206. COOPERATION WITH FOREIGN SUPERVISORS. The International Banking Act of 1978 (12 U.S.C. 3101 et seq.) is amended by adding at the end the following new section: 12 USC 3109. "SEC. 15. COOPERATION WITH FOREIGN SUPERVISORS. "(a) DISCLOSURE OF SUPERVISORY INFORMATION TO FOREIGN SUPER- VISORS.— Notwithstanding any other provision of law, the Board, Comptroller of the Currency, Federal Deposit Insurance Corporation, and Director of the Office of Thrift Supervision may disclose information obtained in the course of exercising supervisory or examination authority to any foreign bank regulatory or supervisory authority if the Board, Comptroller, Corporation, or Director determines that such disclosure is appropriate and will not prejudice the interests of the United States. "(b) REQUIREMENT OF CONFIDENTIALITY. — Before making any disclosure of any information to a foreign authority, the Board, Comptroller of the Currency, Federal Deposit Insurance Corporation, and Director of the Office of Thrift Supervision shall obtain, to the extent necessary, the agreement of such foreign authority to
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