[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 501 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 501

To amend the Federal Deposit Insurance Act to include foreign deposits 
                        in the assessment base.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 21, 1993

  Mr. Darden introduced the following bill; which was referred to the 
            Committee on Banking, Finance and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Deposit Insurance Act to include foreign deposits 
                        in the assessment base.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FOREIGN DEPOSITS INCLUDED IN ASSESSMENT BASE.

    Subparagraph (B) of section 7(b)(5) of the Federal Deposit 
Insurance Act (12 U.S.C. 1817(b)(5)) is amended by striking ``any 
deposits received in any office of the depository institution for 
deposit in any other office of the depository institution located in 
the United States, the District of Columbia, Puerto Rico, Guam, 
American Samoa, the Trust Territory of the Pacific Islands, or the 
Virgin Islands, except'' and inserting ``any deposits, and any 
obligations which would constitute deposits as defined in section 3(l) 
but for subparagraphs (A) and (B) of section 3(l)(5), received in any 
office of the depository institution (other than a foreign branch of a 
foreign bank (as such term is defined in section 1(b)(7) of the 
International Banking Act)), except''.

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