12 U.S.C. 1464: Federal savings associations

2010

• Pub. L. 111–203, §369(5)(A), (B), substituted "Comptroller of the Currency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a), (b)
• Pub. L. 111–203, §627(a)(2), substituted "savings association may not permit any" for "savings association may not—", struck out cl. (ii) designation before "permit any overdraft", and struck out cl. (i) which read as follows: "pay interest on a demand account; or". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (b)
• Pub. L. 111–203, §369(5)(P), substituted "Comptroller" for "Director" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §369(5)(P), substituted "Comptroller" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c), (2)
• Pub. L. 111–203, §369(5)(C)(i)(I), substituted "appropriate Federal banking agency" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §369(5)(C)(i)(II), substituted "The appropriate Federal banking agency" for "The Director" and "the appropriate Federal banking agency" for "the Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §369(5)(P), substituted "Comptroller" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §369(5)(D)(i)(I), in first sentence, substituted "appropriate Federal banking agency" for "Director", in second sentence, substituted "the appropriate Federal banking agency is a party or in which the appropriate Federal banking agency is interested, and in the a… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(i)(II), substituted "appropriate Federal banking agency" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(i)(III)(aa), (cc), which directed amendment of cl. (v) of par. (1) of subsec. (d) by substituting "appropriate Federal banking agency" for "Director" in introductory provisions and "subpoena" for "subpena" in concluding provisions, was executed to s… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(i)(III)(bb), which directed amendment of cl. (v)(II) of par. (1) of subsec. (d) by substituting "subpoenas" for "subpenas", was executed to subsec. (d)(1)(B)(v)(II), to reflect the probable intent of Congress. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(i)(IV), which directed amendment of cl. (vi) of par. (1) of subsec. (d) by substituting "appropriate Federal banking agency" for "Director" in first sentence and "Comptroller" for "Director" in second sentence, was executed to subsec. (d)(1)(B)(vi)… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(i)(V), which directed amendment of cl. (vii) of par. (1) of subsec. (d) by substituting "subpoena" for "subpena" in first sentence, "subpoenaed" for "subpenaed" in second sentence, and "appropriate Federal banking agency" for "Director" in third s… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(ii)(I), substituted "The appropriate Federal banking agency" for "The Director of the Office of Thrift Supervision", "an insured savings association" for "any insured savings association", and "appropriate Federal banking agency determines, in the disc… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(ii)(II), (III), (IV)(bb), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(ii)(IV)(aa), struck out "or RTC" after "FDIC" in heading and "or the Resolution Trust Corporation, as appropriate," after "the Federal Deposit Insurance Corporation" in two places in text. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(iii)(I), substituted "Comptroller" for "Director" in two places. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(iii)(II), in heading, struck out "or RTC" after "FDIC" and, in text, struck out "Corporation or the Resolution Trust" after "where the Federal Deposit Insurance" and substituted "Comptroller" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(iv), substituted "appropriate Federal banking agency" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(v)(I), substituted "Comptroller" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(v)(II), (vi)(I), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d), (C), (7), (B)
• Pub. L. 111–203, §369(5)(D)(vi)(II), substituted "Federal Deposit Insurance Corporation or the Comptroller, as appropriate," for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(vi)(I), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(D)(vi)(III), added subpar. (E) and struck out former subpar. (E). Prior to amendment, text read as follows: "The Director may issue such regulations and orders, including those issued pursuant to section 8 of the Federal Deposit Insurance Act, as may be n… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
• Pub. L. 111–203, §369(5)(E), substituted "Comptroller" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
• Pub. L. 111–203, §369(5)(F)(iv), which directed substitution of "Comptroller" for "Director" wherever appearing "except as provided in clauses (i) through (iii)" of Pub. L. 111–203, §369(5)(F), could not be executed because "Director" did not appear subsequent to amendment by Pub. L. 1… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
• Pub. L. 111–203, §369(5)(F)(i), substituted "Comptroller" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
• Pub. L. 111–203, §369(5)(F)(i), (ii), substituted "Comptroller" for "Director" wherever appearing in heading and text. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
• Pub. L. 111–203, §369(5)(F)(i), substituted "Comptroller" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i), (B), (ii), (4)
• Pub. L. 111–203, §369(5)(F)(iii), struck out "of the Currency" after "Comptroller". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
• Pub. L. 111–203, §612(c), added par. (6). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
• Pub. L. 111–203, §369(5)(H), substituted "Comptroller" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (m), (n), (o)
• Pub. L. 111–203, §369(5)(G)(i), which directed substitution of "Comptroller" for "Director", was executed by making the substitution for "Director" both places it appeared, to reflect the probable intent of Congress. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (o)
• Pub. L. 111–203, §369(5)(G)(ii), substituted "determination of the Comptroller" for "Director's determination". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (o)
• Pub. L. 111–203, §369(5)(H), substituted "Comptroller" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (p)
• Pub. L. 111–203, §369(5)(I)(ii), substituted "Board" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (q)
• Pub. L. 111–203, §369(5)(I), substituted "The Board may" for "The Director may" and "the Board in consultation with the Comptroller and the Corporation, considers" for "the Director considers" and struck out "of Governors of the Federal Reserve System" before "pursuant to section 19… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (q)
• Pub. L. 111–203, §369(5)(J), substituted "Comptroller of the Currency" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (r)
• Pub. L. 111–203, §369(5)(K)(i), (ii), which directed substitution of "Comptroller of the Currency" for "Director", was executed by making the substitution for "Director" wherever appearing, to reflect the probable intent of Congress. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (s), (2)
• Pub. L. 111–203, §369(5)(P), substituted "by the Comptroller" for "by the Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (s)
• Pub. L. 111–203, §369(5)(K)(iii), substituted "discretion of the appropriate Federal banking agency, the appropriate Federal banking agency," for "Director's discretion, the Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (s)
• Pub. L. 111–203, §369(5)(K)(iv), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (s)
• Pub. L. 111–203, §369(5)(K)(v)(I), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (s)
• Pub. L. 111–203, §369(5)(K)(v)(II), substituted "approval of the appropriate Federal banking agency" for "Director's approval". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (s)
• Pub. L. 111–203, §369(5)(L)(viii), substituted "appropriate Federal banking agency" for "Director" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(i), struck out subpar. (D). Text read as follows: "The Director shall promulgate final regulations under this paragraph not later than 90 days after August 9, 1989, and those regulations shall become effective not later than 120 days after August 9, 19… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(ii), substituted "[Repealed]." for provisions relating to transition rule. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iii)(I), substituted "appropriate Federal banking agency, in the sole discretion of the appropriate Federal banking agency" for "Corporation, in its sole discretion". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iii)(II), struck out subpar. (D) which related to transition rule. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iv)(I), substituted "[Reserved]." for provisions relating to consequences of failing to comply with capital standards prior to Jan. 1, 1991. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iv)(II), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iv)(III)(cc), substituted "appropriate Federal banking agency" for "Director" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iv)(III)(aa), substituted "prior approval of the appropriate Federal banking agency" for "Director's prior approval". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iv)(III)(bb), substituted "discretion of the appropriate Federal banking agency" for "Director's discretion". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(viii), substituted "appropriate Federal banking agency" for "Director" in two places. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iv)(IV), substituted "appropriate Federal banking agency may" for "Director shall". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(iv)(V), substituted "appropriate Federal banking agency under this chapter or any other provision of law." for "Director under other provisions of law." (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(v), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(vi), substituted "[Repealed]." for provisions relating to temporary authority to make exceptions for eligible savings associations. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(vii)(I), substituted "Comptroller prescribes" for "Director prescribes". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(vii)(III), redesignated subpar. (C) as (B) and struck out former subpar. (B). Prior to amendment, text of subpar. (B) read as follows: "The term 'qualifying supervisory goodwill' means supervisory goodwill existing on April 12, 1989, amortized on a str… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(vii)(III), redesignated subpar. (D) as (C). Former subpar. (C) redesignated (B). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(vii)(II), struck out "of the Currency" after "Comptroller". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(vii)(III), redesignated subpar. (D) as (C). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(L)(viii), substituted "appropriate Federal banking agency" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (t)
• Pub. L. 111–203, §369(5)(M), substituted "appropriate Federal banking agency" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (u)
• Pub. L. 111–203, §610(b), which directed substitution of "Comptroller of the Currency" for "Director" wherever appearing, could not be executed because the word "Director" did not appear subsequent to amendment by Pub. L. 111–203, §369(5)(M). See below. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (u)
• Pub. L. 111–203, §369(5)(M), substituted "appropriate Federal banking agency" for "Director" in two places. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (u)
• Pub. L. 111–203, §369(5)(N)(ii), substituted "appropriate Federal banking agency" for "Director" wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (v)
• Pub. L. 111–203, §369(5)(N)(i), substituted "determinations of the appropriate Federal banking agency" for "Director's determinations". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (v)
• Pub. L. 111–203, §369(5)(P), substituted "Comptroller" for "Director". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (w)
• Pub. L. 111–203, §369(5)(P), substituted "Comptroller shall" for "Director shall". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (w)
• Pub. L. 111–203, §369(5)(O)(i), substituted "intention of the Comptroller" for "Director's intention". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (w)
• Pub. L. 111–203, §369(5)(P), substituted "Comptroller may" for "Director may". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (w)
• Pub. L. 111–203, §369(5)(O)(ii), substituted "intention of the Comptroller" for "Director's intention". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (w)
• Pub. L. 111–203, §369(5)(P), substituted "Comptroller" for "Director" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (w)

2006

• Pub. L. 109–173, §9(e)(1)(A), struck out "that is a member of the Bank Insurance Fund" after "assets of a bank". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (c)
• Pub. L. 109–171 repealed Pub. L. 104–208, §2704(d)(12)(A)(i). See 1996 Amendment note below. (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–173, §9(e)(1)(B), substituted "For purposes of this subsection, the following definitions shall apply:" for "As used in this subsection—" in introductory provisions. (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (c)
• Pub. L. 109–171 repealed Pub. L. 104–208, §2704(d)(12)(A)(ii). See 1996 Amendment note below. (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–351, §608(a), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: (Financial Services Regulatory Relief Act of 2006) Law text · (i)
• Pub. L. 109–173, §9(e)(1)(C), struck out "that is a Bank Insurance Fund member" after "State-chartered savings bank". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (o)
• Pub. L. 109–171 repealed Pub. L. 104–208, §2704(d)(12)(A)(iii). See 1996 Amendment note below. (Deficit Reduction Act of 2005) Law text · (o)
• Pub. L. 109–173, §9(e)(1)(D), substituted "insured by the Deposit Insurance Fund" for "a Bank Insurance Fund member until such time as it changes its status to a Savings Association Insurance Fund member". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (o)
• Pub. L. 109–171 repealed Pub. L. 104–208, §2704(d)(12)(A)(iv). See 1996 Amendment note below. (Deficit Reduction Act of 2005) Law text · (o)
• Pub. L. 109–351, §402(1), substituted "(4) [Repealed]." for provisions relating to special rules for purchased mortgage servicing rights. (Financial Services Regulatory Relief Act of 2006) Law text · (t)
• Pub. L. 109–173, §9(e)(1)(E), (F), substituted "Deposit Insurance Fund" for "affected deposit insurance fund". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (t), (7)
• Pub. L. 109–171 repealed Pub. L. 104–208, §2704(d)(12)(A)(v), (vi). See 1996 Amendment note below. (Deficit Reduction Act of 2005) Law text · (t), (7)
• Pub. L. 109–351, §402(2), substituted "intangible assets." for "intangible assets, plus any purchased mortgage servicing rights excluded from the Comptroller's definition of capital but included in calculating the core capital of savings associations pursuant to paragraph (4)." (Financial Services Regulatory Relief Act of 2006) Law text · (t)
• Pub. L. 109–351, §404(1), substituted "For any" for "for any" and a period for "; or" at end. (Financial Services Regulatory Relief Act of 2006) Law text · (u)
• Pub. L. 109–351, §404(2), substituted "To develop domestic" for "to develop domestic" in introductory provisions, redesignated subcls. (II) to (V) as (I) to (IV), respectively, and struck out former subcl. (I) which read as follows: "the purchase price of each single family d… (Financial Services Regulatory Relief Act of 2006) Law text · (u)
• Pub. L. 109–173, §9(e)(1)(G), substituted "or the Deposit Insurance Fund" for "the Savings Association Insurance Fund". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (v)
• Pub. L. 109–171 repealed Pub. L. 104–208, §2704(d)(12)(A)(vii). See 1996 Amendment note below. (Deficit Reduction Act of 2005) Law text · (v)
• Pub. L. 109–351, §403, added subsec. (x). (Financial Services Regulatory Relief Act of 2006) Law text · (x)

2000

• Pub. L. 106–569 amended heading and text generally. Prior to amendment, text read as follows: "Investments which, when made, are of a type that may be used to satisfy any liquidity requirement imposed by the Director pursuant to section 1465 of this title." (American Homeownership and Economic Opportunity Act of 2000) Law text · (c)
• Pub. L. 106–554 added subpar. (F). (Consolidated Appropriations Act, 2001) Law text · (c)

1999

• Pub. L. 106–102, §603, amended heading and text of subsec. (f) generally. Prior to amendment, text read as follows: "Each Federal savings association, upon receiving its charter, shall become automatically a member of the Federal home loan bank of the district in which it is located, o… (Gramm-Leach-Bliley Act) Law text · (f)
• Pub. L. 106–102, §739, added par. (5). (Gramm-Leach-Bliley Act) Law text · (i)

1998

• Pub. L. 105–164 added pars. (7) and (8). Law text · (d), (8)

1996

• Pub. L. 104–208, §2303(a), redesignated par. (5) as (4) and struck out heading and text of former par. (4). Text read as follows: "Subject to regulations of the Director, a Federal savings association may issue credit cards, extend credit in connection therewith, and otherwise … (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (b), (5)
• Pub. L. 104–208, §2303(b), added subpars. (T) and (U). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c), (U)
• Pub. L. 104–208, §2303(c), amended heading and text of subpar. (A) generally. Prior to amendment, text read as follows: "Secured or unsecured loans for commercial, corporate, business, or agricultural purposes. The aggregate amount of loans under this paragraph shall not exceed 1… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
• Pub. L. 104–208, §2303(d), redesignated subpars. (B) to (D) as (A) to (C), respectively, and struck out heading and text of former subpar. (A). Text read as follows: "Loans made for the payment of educational expenses." (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
• Pub. L. 104–208, §2704(d)(12)(A)(i), which directed the amendment of subpar. (A) by striking "that is a member of the Bank Insurance Fund", was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
• Pub. L. 104–208, §2704(d)(12)(A)(ii), which directed the amendment of par. (6) by substituting "For purposes of this subsection, the following definitions shall apply:" for "As used in this subsection—", was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note belo… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (c)
• Pub. L. 104–208, §2704(d)(12)(A)(iii), which directed the amendment of par. (1) by striking "that is a Bank Insurance Fund member", was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (o)
• Pub. L. 104–208, §2704(d)(12)(A)(iv), which directed the amendment of subpar. (A) by substituting "insured by the Deposit Insurance Fund" for "a Bank Insurance Fund member until such time as it changes its status to a Savings Association Insurance Fund member", was repealed by Pu… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (o)
• Pub. L. 104–208, §2216(b), added par. (6). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (q)
• Pub. L. 104–208, §2303(f)(1), in first sentence, substituted "subparagraph (C) of that section" for "subparagraph (c) of that section" and inserted before period at end ", or qualifies as a qualified thrift lender, as determined under section 1467a(m) of this title" and, in second s… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (r)
• Pub. L. 104–208, §2303(f)(2), added subpar. (C) and struck out former subpar. (C) which read as follows: "the law of the State where the branch would be located would permit the branch to be established if the branch were a Federal savings association chartered by the State in wh… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (r)
• Pub. L. 104–208, §2704(d)(12)(A)(v), (vi), which directed the substitution of "Deposit Insurance Fund" for "affected deposit insurance fund", was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (t), (7)
• Pub. L. 104–208, §2704(d)(12)(A)(vii), which directed the amendment of cl. (i) by substituting "or the Deposit Insurance Fund" for ", the Savings Association Insurance Fund", was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment no… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (v)

1994

• Pub. L. 103–325, §206(a), added subpar. (S). · (c)
• Pub. L. 103–325, §322(b), added subpar. (E). · (c)
• Pub. L. 103–325, §411(c)(2)(D), substituted "section 5322 or 5324 of title 31" for "section 5322 of title 31". · (w)

1992

• Pub. L. 102–550, §1606(f)(1), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: "If the Director permits any increased authority pursuant to clause (ii), the Director shall closely monitor the Federal savings association's condition and lending acti… · (c)
• Pub. L. 102–550, §1606(f)(2), struck out comma after "including". · (c)
• Pub. L. 102–550, §1606(f)(3), inserted before period at end of last sentence ", except that amounts in excess of 30 percent of the assets may be invested only in loans which are made by the association directly to the original obligor and with respect to which the association doe… · (c)
• Pub. L. 102–550, §1603(d)(8), inserted period at end. · (d)
• Pub. L. 102–310 substituted "October 31, 1992" for "June 30, 1992" and "November 1, 1992" for "July 1, 1992". · (t)
• Pub. L. 102–550, §953, added cls. (iii) to (viii), redesignated former cl. (iii) as (ix), and inserted "or prescribed under clause (iii)" after "clause (ii)". · (t)
• Pub. L. 102–550, §1502(b), added subsec. (w). · (w)

1991

• Pub. L. 102–242, §441(b), which directed amendment of subpar. (B) by inserting before period at end the following: ", provided however, that no amount in excess of 30 percent of the assets may be invested in loans made directly by the association to the original obligor, and the … · (c)
• Pub. L. 102–242, §441(a), substituted "35 percent" for "30 percent". · (c)
• Pub. L. 102–242, §501(c), added par. (5) and redesignated former par. (5) as (6). · (c), (6)
• Pub. L. 102–242, §133(d), added subpar. (A), redesignated subpars. (E) to (I) as (B) to (F), respectively, and struck out former subpars. (A) to (D) which related to grounds for appointment of conservator or receiver for Federal savings associations, additional grounds for appointme… · (d)
• Pub. L. 102–242, §131(d), inserted "under this chapter" before period at end of subpar. (A) and after "imposed by the Director" in subpar. (B). · (t), (B)

1989

• Pub. L. 101–73 amended section generally, substituting subsecs. (a) to (f), (h), (i), and (k) to (v) relating to Federal savings associations for former subsecs. (a) to (s) relating to thrift institutions, and repealing subsecs. (g) and (j).

1987

• Pub. L. 100–86, §509(a), repealed Pub. L. 97–320, §141. See 1982 Amendment note below.
• Pub. L. 100–86, §413(a), added subpar. (E). · (d)
• Pub. L. 100–86, §406(a), added subsec. (s). · (s)

1986

• Pub. L. 99–570, §1359(b)(2), inserted reference to par. (16) of this subsection. · (d)
• Pub. L. 99–570, §1359(b)(1), added par. (16). · (d)
• Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954". · (l), (r)

1984

• Pub. L. 98–440 added subpar. (S). · (c)
• Pub. L. 98–620 struck out provision that such proceedings had to be given precedence over other cases pending in such courts, and had to be in every way expedited. · (d)

1983

• Pub. L. 97–457, §12, inserted "may accept a demand account from itself and" after "An association". · (b)
• Pub. L. 97–457, §14(a)(1), added subpar. (D). · (c)
• Pub. L. 97–457, §2, inserted "examination," after "operation,". · (o)
• Pub. L. 97–457, §14(b), substituted "prior to the enactment of the Garn-St Germain Depository Institutions Act" for "prior to the enactment of the Depository Institutions Amendments". Because the phrase had been translated as "prior to October 15, 1982" the amendment resulted in … · (r)

1982

• Pub. L. 97–320, §311, substituted provisions that in order to provide thrift institutions for the deposit or investment of funds and for the extension of credit for homes and other goods and services, the Board is authorized, under such rules and regulations as it may prescribe, to pro… · (a)
• Pub. L. 97–320, §312, designated existing first sentence as subpar. (A), struck out from parenthetical phrase "and all of which shall have the same priority upon liquidation" after "savings accounts", authorized the raising of capital in the form of demand accounts of persons or … · (b)
• Pub. L. 97–320, §312, designated existing second sentence as subpar. (B); authorized an association to accept demand accounts from a commercial, corporate, business, or agricultural entity for the sole purpose of effectuating payments thereto by a nonbusiness customer; barred an … · (b)
• Pub. L. 97–320, §312, designated existing third sentence as subpar. (C) and substituted "an association's charter" for "the association's charter" and "fourteen" days for "thirty" days in two places. · (b)
• Pub. L. 97–320, §312, designated existing fourth sentence as subpar. (D), substituted "accounts" for "savings accounts", and inserted in parenthetical phrase ", where applicable,". · (b)
• Pub. L. 97–320, §312, designated existing fifth sentence as subpar. (E) and substituted "Accounts may be subject" for "Savings accounts shall not be subject" and "transferable or other order or authorization to the association, as the Board may by regulation provide" for "transfe… · (b)
• Pub. L. 97–320, §312, designated existing sixth sentence as subpar. (F) and substituted "Notwithstanding any limitation of this section, associations may establish remote service units" for "This section does not prohibit the establishment of remote service units by associations"… · (b)
• Pub. L. 97–320, §312, substituted ", including capital stock," for "(except capital stock)". · (b)
• Pub. L. 97–320, §202(b)(1), added subpar. (B). Provisions of former subpar. (B) were moved to subpar. (C) and amended. · (b)
• Pub. L. 97–320, §202(b)(2), added subpar. (C) which consisted of the provisions of former subpar. (B) but with the addition of a reference to net worth certificates issued pursuant to section 1729(f) of this title. · (b)
• Pub. L. 97–320, §321, substituted "transaction accounts" for "negotiable order-of-withdrawal accounts". · (c)
• Pub. L. 97–320, §322, substituted "Loans on the security of liens upon residential or nonresidential real property, except that the loans and investments of an association on nonresidential real property may not exceed 40 per centum of its assets" for "Loans on the security of li… · (c)
• Pub. L. 97–320, §323, inserted ", or in the savings accounts, certificates, or other accounts of any institution the accounts of which are insured by the Federal Savings and Loan Insurance Corporation" after "Federal Deposit Insurance Corporation". · (c)
• Pub. L. 97–320, §324, substituted "Investments in obligations of, or issued by, any State or political subdivision thereof (including any agency, corporation, or instrumentality of a State or political subdivision), except that an association may not invest more than 10 per centu… · (c)
• Pub. L. 97–320, §328, inserted reference to loans secured by mortgages as to which the association has the benefit of insurance under title X of the National Housing Act or of a commitment or agreement for such insurance. · (c)
• Pub. L. 97–320, §325, added subpar. (R). · (c)
• Pub. L. 97–320, §330(1), substituted "the following percentages" for "20 per centum" in provisions preceding subpar. (A). · (c)
• Pub. L. 97–320, §330(3), substituted "Investments in tangible personal property, including, without limitation, vehicles, manufactured homes, machinery, equipment, or furniture, for rental or sale, but such investment may not exceed 10 per centum of the assets of the association"… · (c)
• Pub. L. 97–320, §329, inserted ", including loans reasonably incident to the provision of such credit," after "household purposes" and ", except that loans of an association under this subparagraph may not exceed 30 per centum of the assets of the association" after "as defined a… · (c)
• Pub. L. 97–320, §330(4)(B), substituted "educational expenses" for "expenses of college, university, or vocational education". · (c)
• Pub. L. 97–320, §330(4)(A), struck out subpar. (D). See 1983 Amendment note reenacting subpar. (D). · (c)
• Pub. L. 97–320, §330(5)(A), struck out cl. (i) which permitted loans secured by mortgages as to which the association had the benefit of insurance under title X of the National Housing Act [12 U.S.C. 1749aa et seq.] or of a commitment or agreement for such insurance, struck out d… · (c)
• Pub. L. 97–320, §330(5)(B), substituted provisions authorizing investments in small business investment companies for provisions that authorized investments in State and local government obligations. · (c)
• Pub. L. 97–320, §330(2), redesignated par. (6) as (5). · (c), (6)
• Pub. L. 97–320, §427(a)(1), added subpar. (C). Former subpar. (C) redesignated (D). · (d)
• Pub. L. 97–320, §427(a)(1)–(3), redesignated former subpar. (C) as (D), and in subpar. (D) as so redesignated, substituted "(A), (B), or (C)" for "(A) or (B)" wherever appearing, and "subparagraph (F)" for "subparagraph (E)". Former subpar. (D) redesignated (E). · (d)
• Pub. L. 97–320, §427(a)(1), redesignated former subpar. (D) as (E). Former subpar. (E) redesignated (F). · (d)
• Pub. L. 97–320, §427(a)(1), (2), (4), redesignated former subpar. (E) as (F), and in subpar. (F) as so redesignated, substituted "(A), (B), or (C)" for "(A) or (B)", and "subparagraph (D)" for "subparagraph (C)". · (d)
• Pub. L. 97–320, §427(a)(5), substituted "(C), or (D)" for "or (C)". · (d)
• Pub. L. 97–320, §114(b)(1), inserted "or the Federal Deposit Insurance Corporation" after "Federal Savings and Loan Corporation". · (d)
• Pub. L. 97–320, §114(b)(2), inserted ", except as hereafter provided," after "shall appoint". · (d)
• Pub. L. 97–320, §114(b)(3), inserted provision relating to appointment as receiver and powers of Federal Deposit Insurance Corporation in the case of a Federal savings bank chartered pursuant to subsec. (o) of this section. · (d)
• Pub. L. 97–320, §351, inserted in last sentence ", which prevails," after "party". · (d)
• Pub. L. 97–320, §424(a), (d)(8), inserted proviso giving Board discretionary authority to compromise, etc., any civil money penalty imposed under this subsection, and substituted "may be assessed" for "shall be assessed". · (d)
• Pub. L. 97–320, §424(e), substituted "twenty days from the service" for "ten days from the date". · (d)
• Pub. L. 97–320, §114(c), substituted "with associations or any" for "with other" after "merger of associations". · (d)
• Pub. L. 97–320, §427(a)(6), substituted "(4)(D), (4)(E)" for "(4)(C), (4)(D)". · (d)
• Pub. L. 97–320, §313, amended subsec. (i) generally, substituting expanded provisions relating to conversions by banks to Federal charters, for provisions relating to conversion of member of Federal Home Loan Bank into Federal Savings and Loan Association, conversion of State stock sav… · (i)
• Pub. L. 97–320, §112, added subsec. (o). · (o)
• Pub. L. 97–320, §141(a)(2), which directed the repeal of subpars. (F) and (G) effective Oct. 13, 1986, was repealed by Pub. L. 100–86, §509(a). See Effective and Termination Dates of 1982 Amendment note and Extension of Emergency Acquisition and Net Worth Guarantee Provision… · (o), (G)
• Pub. L. 97–320, §141(a)(5), which directed the repeal of subsec. (p) effective Oct. 13, 1986, was repealed by Pub. L. 100–86, §509(a). See Effective and Termination Dates of 1982 Amendment note and Extension of Emergency Acquisition and Net Worth Guarantee Provisions of Pub. L. 97–320 … · (p)
• Pub. L. 97–320, §121, added subsec. (p). · (p)
• Pub. L. 97–320, §§331, 334, added subsecs. (q) and (r). · (q), (r)

1980

• Pub. L. 96–221, §408, redesignated existing provisions as par. (1), denominated cls. (1) and (2) as (A) and (B), respectively, wherever appearing, and added pars. (2) and (3). · (a)
• Pub. L. 96–221, §§304, 307, inserted provision identical to provision added by Pub. L. 96–161 relating to establishment of remote service units, and repealed the amendment made by Pub. L. 96–161. See Repeals and Effective Date of 1980 Amendment notes below. · (b)
• Pub. L. 96–221, §402, added par. (4). · (b)
• Pub. L. 96–221, §407(a), added par. (5). · (b)
• Pub. L. 96–221, §401, generally revised investment authority of an association, with emphasis on provisions respecting loans or investments without percentage of assets limitations, loans or investments limited to 20 per centum of assets, and loans or investments limited to 5 per centu… · (c)
• Pub. L. 96–221, §404, inserted provisions relating to conversion of State stock savings and loan type charter into Federal stock charter. · (i)
• Pub. L. 96–221, §403, added subsec. (n). · (n)

1979

• Pub. L. 96–161 provided that this section does not prohibit the establishment of remote service units by associations for the purpose of crediting existing savings accounts, debiting such accounts, crediting payments on loans, and the disposition of related financial transactions as… · (b)
• Pub. L. 96–153, §326, substituted "$75,000" for "$60,000". · (c)
• Pub. L. 96–153, §325, added subpar. (E). · (c)

1978

• Pub. L. 95–630, §1202, inserted provisions relating to the authority of the Federal Home Loan Bank Board to allow a State-chartered mutual savings bank to convert to a Federal charter and be known as a Federal mutual savings bank. · (a)
• Pub. L. 95–630, §1701(b), redesignated as subpar. (3), provisions which were formerly contained in undesignated par. 23 of subsec. (c). · (b)
• Pub. L. 95–630, §1701, simplified the investment authority for Federal savings and loan associations and provided such associations with more authority to invest in urban areas and transferred provisions of formerly undesignated paragraphs 15, 17, and 23 of this section to subsecs. (m)… · (c)
• Pub. L. 95–630, §107(a)(3), in subpar. (A) extended coverage of provisions to include directors, officers, employees, agents, or other persons participating in the conduct of the affairs of any association and added subpar. (C). · (d)
• Pub. L. 95–630, §107(c)(3), in subpars. (A) and (B) inserted references to any director, officer, employee, agent, or other person participating in the conduct of the affairs of the association and in subpar. (A) inserted "prior to the completion of the proceedings conducted pursuan… · (d)
• Pub. L. 95–630, §107(d)(3), inserted "or that the director or officer has received financial gain by reason of such violation or practice or breach of fiduciary duty" before ", and that such violation", ", or a willful or continuing disregard for the safety or soundness of the as… · (d)
• Pub. L. 95–630, §107(d)(3), inserted references to a willful or continuing disregard for its safety and soundness in two places. · (d)
• Pub. L. 95–630, §111(c)(1), among other changes, in subpar. (A) substituted "crime" for "felony" in two places and "subparagraph (A), (B), or (C)" for "subparagraph (A) or (B)", inserted "which is punishable by imprisonment for a term exceeding one year under State or Federal law" a… · (d)
• Pub. L. 95–630, §111(c)(2), inserted "(other than the hearing provided for in paragraph (5)(C) of this subsection" after "provided for in this subsection (d)". · (d)
• Pub. L. 95–630, §107(e)(3), designated existing provisions as subpar. (A) and added subpar. (B). · (d)
• Pub. L. 95–630, §111(c)(3), substituted "(5)(A), or (5)(C)" for "or (5)(A)". · (d)
• Pub. L. 95–630, §111(c)(4), inserted "or (C)" after "paragraph (5)(A)". · (d)
• Pub. L. 95–630, §208(b), added par. (15). · (d)
• Pub. L. 95–630, §1204, inserted "(including a savings bank)" after "member of a Federal Home Loan Bank" in first par. · (i)
• Pub. L. 95–630, §1701(b), redesignated as subsec. (l) the provisions which were formerly contained in undesignated par. 17 of subsec. (c). · (l)
• Pub. L. 95–630, §1701(b), redesignated as subsec. (m) provisions which were formerly contained in undesignated par. 15 of subsec. (c). · (m)

1977

• Pub. L. 95–128, §§402, 405, in first proviso, increased limitation on loans for single family dwellings to $60,000 from $55,000 and inserted "but of said 20 per centum the amount deemed to be loaned in transactions which, except for excess in amount, would be eligible for su… · (c)
• Pub. L. 95–128, §404, increased limitation on loans to $15,000 from $10,000. · (c)
• Pub. L. 95–128, §401, increased the rate to 5 from 3 per centum. · (c)
• Pub. L. 95–128, §403, authorized use of real property or interests for farm purposes. · (c)
• Pub. L. 95–147 inserted "shall be a depositary of public money and" after "Federal Home Loan Bank" and ", including services in connection with the collection of taxes and other obligations owed the United States, and the Secretary of the Treasury is hereby authorized to deposit public… · (k)

1976

• Pub. L. 94–375 inserted, in cl. (2) of twelfth par., "and in the share capital and capital reserve of the Inter-American Savings and Loan Bank" after "made pursuant to either of such sections". · (c)

1975

• Pub. L. 94–60 in seventeenth par. struck out "or section 408(a)" after "under section 401(d)", and inserted "and to act as trustee or custodian of an individual retirement account within the meaning of section 408 of such Code" after "Code of 1954", and "or account" after "funds of suc… · (c)

1974

• Pub. L. 93–495 inserted "may be surety as defined by the Board" after "security,". · (b)
• Pub. L. 93–383, §§703, 805(c)(4), in first par. increased limitation from $45,000 for each single-family dwelling to $55,000, except that with respect to Alaska, Guam, and Hawaii the limitation may be increased by not more than 50 per centum by regulation of the Board, and inserted ref… · (c)
• Pub. L. 93–383, §705, in second and third pars. substituted "$10,000" for "$5,000". · (c)
• Pub. L. 93–383, §802(i)(2), in twelfth par. inserted reference to section 802 of the Housing and Community Development Act of 1974. · (c)
• Pub. L. 93–449 in seventeenth par. inserted reference to section 408(a) of title 26. As enacted section 4(d) of Pub. L. 93–449 amended nineteenth par.; however the amendment was executed to seventeenth par. editorially since this would appear to be the probable intent of Congress. · (c)
• Pub. L. 93–383, §702, added par. authorizing associations to invest an amount not exceeding the greater of (A) the sum of its surplus, undivided profits, and reserves or (B) 3 per centum of its assets, in loans or in interests therein. · (c)
• Pub. L. 93–383, §704, added par. authorizing associations to invest in loans and advances of credit and interests therein upon the security of or respecting real property or interests therein. · (c)
• Pub. L. 93–383, §706, added par. authorizing association to borrow funds from a State mortgage finance agency of the State in which the head office of such association is situated. · (c)

1973

• Pub. L. 93–100 added par. authorizing associations with general reserves, surplus, and undivided profits aggregating in excess of 5% of their withdrawable accounts to invest in, to lend to, or to commit themselves to lend to State housing corporations incorporated in the state in which… · (c)

1972

• Pub. L. 92–318 authorized in second proviso investments in obligations or other instruments or securities of the Student Loan Marketing Association. · (c)

1970

• Pub. L. 91–609, §907(c), increased aggregate amount of authorized investments from 15 to 20 per centum of assets of the association. · (c)
• Pub. L. 91–351, §§706, 709, in first par., inserted "or within the State in which such home office is located" after "their home office", and substituted "$45,000" for "$40,000" in first proviso, and "section" for "proviso" in second proviso. · (c)
• Pub. L. 91–351, §708, added par. authorizing any association to act as trustee of any trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan qualifying for specific tax treatment under section 401(d) of title 26. · (c)
• Pub. L. 91–609, §§727(d), 907(b), in twelfth par., authorized associations to invest in loans or obligations guaranteed under part B of the Urban Growth and New Community Development Act of 1970, and extended authority to make certain investments to acquisition, holding, and disposition of loans, o… · (c)

1969

• Pub. L. 91–152 inserted provision authorizing any association to invest in stock issued by a corporation created pursuant to title IX of the Housing and Urban Development Act of 1968, and to invest in any partnership, etc., formed pursuant to section 907(a) or 907(c) of the Housing and… · (c)

1968

• Pub. L. 90–448, §1716(a), struck out provisions which permitted associations to raise their capital only in the form of payments on shares and which prohibited acceptance of deposits or issuance of certificates of indebtedness except for borrowed money, and inserted provisions permitti… · (b)
• Pub. L. 90–505 allowed an association to invest in any investment which, at the time of the making of the investment, was an asset eligible for inclusion toward satisfaction of any liquidity requirement imposed on the association by section 1425a of this title but only to the extent th… · (c)
• Pub. L. 90–575 amended third par. (as designated prior to amendment by Pub. L. 90–448) to add vocational education expenses to the list of expenses for the payment of which associations are authorized to invest in loan, obligations and advances of credit. · (c)
• Pub. L. 90–448, §304(b), inserted paragraph permitting an association to invest in loans or obligations, or interests therein, as to which the association has the benefit of insurance under section 1715z–5 of this title, or of a commitment or agreement therefor. · (c)
• Pub. L. 90–448, §416(c), inserted sentence permitting an association to invest in loans or obligations, or interests therein, as to which the association has the benefit of any guaranty under title IV of the Housing and Urban Development Act of 1968, as now or hereafter in effect, or of a commitmen… · (c)
• Pub. L. 90–448, §804(e), inserted paragraph authorizing any such association to issue and sell securities which are guaranteed pursuant to section 1721(g) of this title. · (c)
• Pub. L. 90–448, §807(m), amended first par. to authorize investments in obligations, participations, or other instruments of or issued by, or guaranteed as to principal and interest by, the Government National Mortgage Association, and in stock of the Federal National Mortgage Association. · (c)
• Pub. L. 90–448, §1716(b), in first par., substituted "security of their savings accounts" for "security of their shares", and inserted provisions authorizing investment in time deposits, certificates, or accounts of any bank the deposits of which are insured by the Federal Deposit Insurance Corpora… · (c)
• Pub. L. 90–448, §1716(c), inserted provisions in second par. permitting loans for the construction of new structures related to residential use of the property. · (c)
• Pub. L. 90–448, §1716(d), inserted third par. authorizing loans, or investment in loans, not exceeding $5,000 for repair, equipping, alteration, or improvement of real property, or for mobile home financing. · (c)
• Pub. L. 90–448, §1716(e), amended par. relating to loans secured by mortgages insured under Title X of the National Housing Act, to permit an association to acquire and hold investments in housing project loans, or interests therein, having the benefit of any guaranty under section 2181 of title 22… · (c)
• Pub. L. 90–448, §1716(f), inserted par. permitting an association to invest in loans, or interests in loans, to financial institutions with respect to which the United States or any agency or instrumentality thereof has any function of examination or supervision, or to any broker or dealer register… · (c)

1966

• Pub. L. 89–695 amended provisions generally, substituting pars. (1) to (14) for former pars. (1) (consisting of thirteen sentences) and (2) (consisting of eleven sentences), such pars. (2) to (5), (7) to (10), (12)(A)(B), (13), and (14) being new provisions. · (d)

1965

• Pub. L. 89–117 added par. which permitted an association to invest in loans (1) secured by mortgages as to which the association has the benefit of insurance under title X of the National Housing Act or of a commitment or agreement for such insurance, or (2) guaranteed by the President… · (c)

1964

• Pub. L. 88–560, §§901(a), 902–905, 907, 908, 910, amended provisions as follows: · (c)

1962

• Pub. L. 87–779, in first par., substituted provisions authorizing loans on the security of first liens upon real property within fifty miles of their home office which constitute first liens upon homes, combinations of homes and business property, other dwelling units, or combinations … · (c)
• Pub. L. 87–834 struck out provisions which exempted such associations, including their franchises, capital, reserves, and surplus, and their loans and income, and all shares of such associations both as to their value and the income therefrom, from all taxation imposed by the United St… · (h)

1961

• Pub. L. 87–70 inserted provisions in second par. authorizing investments in home improvement loans insured under subchapter II of chapter 13 of this title, and added former fourth, fifth, sixth and seventh par. (now sixth, seventh, eighth, and ninth) authorizing investments in non-amortized loans w…

1960

• Pub. L. 86–507 inserted "or by certified mail," after "registered mail,". · (d)

1959

• Pub. L. 86–372 permitted the use of additional sums not exceeding 20 per centum of the assets of an association without regard to the area restriction for the making or purchase of participating interests in first liens on one- to four-family homes, limited the aggregate sums invested … · (c)

1958

• Pub. L. 85–857 inserted ", or chapter 37 of Title 38" after "Servicemen's Readjustment Act of 1944, as amended" in two places. · (c)