Page:United States Statutes at Large Volume 110 Part 4.djvu/641

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PUBLIC LAW 104-208—SEPT. 30, 1996 110 STAT. 3009 -478 (E) by inserting "or members" after "State bank and national bank shareholders"; and (5) in the heading for such section, by striking "CORPORA- TION" and inserting "COMPANY". (f) AMENDMENTS TO SECTION 5.— Section 5 of the Bank Service Corporation Act (12 U.S.C. 1865) is amended— (1) by striking "corporation" each place such term appears and inserting "company"; and (2) in the heading for such section, by striking "CORPORA- TIONS" and inserting "COMPANIES". (g) AMENDMENTS TO SECTION 6. —Section 6 of the Bank Service Corporation Act (12 U.S.C. 1866) is amended— (1) by striking "corporation" each place such term appears and inserting "company"; (2) by inserting "or is not a member of after "does not own stock in"; (3) by striking "the nonstockholding institution" and inserting "such depository institution"; (4) by inserting "or is a member of after "that owns stock m; (5) in paragraphs (1) and (2), by inserting "or nonmember" after "nonstockholding"; and (6) in the heading for such section by inserting "OR NON- MEMBERS" after "NONSTOCKHOLDERS". (h) AMENDMENTS TO SECTION 7. —Section 7 of the Bank Service Corporation Act (12 U.S.C. 1867) is amended— (1) by striking "corporation" each place such term appears and inserting "company"; (2) in subsection (a)- — (A) by inserting "or principal member" after "principal shareholder"; and (B) by inserting "or member" after "other shareholder"; and (3) in the heading for such section, by striking "CORPORA- TIONS" and inserting "COMPANIES". SEC. 2614. RETIREMENT CERTIFICATES OF DEPOSITS. (a) IN GENERAL.— Section 3(1)(5) of the Federal Deposit Insurance Act (12 U.S.C. 1813(1)(5) is amended— (1) in subparagraph (A), by striking "and" at the end; (2) in subparagraph (B), by striking the period at the end and inserting "; and"; and (3) by adding at the end the following new subparagraph: "(C) any liability of an insured depository institution that arises under an annuity contract, the income of which is tax deferred under section 72 of the Internal Revenue Code of 1986. ". (b) EFFECTIVE DATE.— The amendments made by subsection 12 USC 1813 (a) shall apply to any liability of an insured depository that arises °ote. under an annuity contract issued on or after the date of enactment of this Act. SEC. 2615. PROHIBITIONS ON CERTAIN DEPOSITORY INSTITUTION ASSOCIATIONS WITH GOVERNMENT-SPONSORED ENTER. PRISES. (a) CREDIT UNIONS. —Section 201 of the Federal Credit Union Act (12 U.S.C. 1781) is amended by adding at the end the following new subsection: 29-194O-96 -21:QL3Part4