#aai? ,,congress  #b;d ,session  ,h4 ,r4
 #cbcd  ,,an ,,act  ,to am5d ! ,f$]al   
,deposit ,insurance ,act to modify !    
am\nt ( reciprocal deposits ( an insur$ 
depository in/itution t are n consid]$  
to be funds obta9$ by or ?r\gh a deposit
 brok]1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,keep+  
,deposits ,local ,act4  #b4 ,am\nt (    
reciprocal deposits t are n consid]$ to 
be funds obta9$ by or ?r\gh a deposit   
brok] ,section #bi7;i7 ( ! ,f$]al       
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahca;f7i77 is am5d$ by /rik+ p>agraph  
7#a7 & ins]t+ ! foll[+3  7#a7 ,9 g5]al  
,! sum ( ! foll[+ am\nts ( reciprocal   
deposits ( an ag5t in/itution %all n be 
consid]$ to be funds obta9$1 directly or
 indirectly1 by or ?r\gh a deposit      
brok]3 7,a7 ,an am\nt equal to #ej p]c5t
 ( ! portion ( ! total liabilities ( !  
ag5t in/itution t is less ?an or equal  
to #a1jjj1jjj1jjj4  7,b7 ,an am\nt equal
 to #dj p]c5t ( ! portion1 if any1 ( !  
total liabilities ( ! ag5t in/itution t 

is great] ?an #a1jjj1jjj1jjj1 b less ?an
 or equal to #aj1jjj1jjj1jjj4  7,c7 ,an 
am\nt equal to #cj p]c5t ( ! portion1 if
 any1 ( ! total liabilities ( ! ag5t    
in/itution t is great] ?an              
#aj1jjj1jjj1jjj1 b less ?an or equal to 
#bej1jjj1jjj1jjj4  4  #c4 ,def9ition (  
,ag5t ,in/itution ,section              
#bi7;i77#b77;,a77i7 ( ! ,f$]al ,deposit 
,insurance ,act 7#ab ,u4,s4,c4          
#ahca;f7i77#b77;,a77i77 is am5d$ by     
/rik+ subclause 7,i7 & ins]t+ ! foll[+3 
7,i7 :5 mo/ rec5tly exam9$ "u section   
#aj7;d7 0 assign$ a ,,camels rat+ ( #a1 
#b1 or #c "u ! ,uni=m ,f9ancial         
,in/itutions ,rat+ ,sy/em 7or an        
equival5t rat+ "u a comp>able rat+      
sy/em72 &  4  #d4 ,reciprocal deposits  
/udy  7a7 ,9 g5]al ,! ,f$]al ,deposit   
,insurance ,corporation1 9 consultation 
) ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve
 ,sy/em1 %all c>ry out a /udy on        
reciprocal deposits4  7b7 ,cont5ts ,!   
/udy requir$ "u subsection 7a7 %all     
include--  7#a7 an analysis ( h[        

reciprocal deposits h p]=m$ s9ce #bjah1 
:i* %all include-- 7,a7 ! use (         
quantitative & qualitative data2  7,b7 a
 breakd[n ( ! usage ( reciprocal        
deposits by size ( insur$ depository    
in/itution2  7,c7 ! usage ( reciprocal  
deposits dur+ p]iods ( /ress2 &  7,d7 an
 analysis1 to ! ext5t practicable1 (    
end-us] depositors1 su* z               
municipalities1 bus9esses1 & non-pr(it  
organizations1 t drive dem& = reciprocal
 products2  7#b7 an analysis1 to ! ext5t
 practicable1 ( h[ reciprocal deposits  
comp>e to o!r deposit arrangem5ts2 &    
7#c7 an analysis ( ! b5efits & pot5tial 
risks ( reciprocal deposits4  7c7       
,report ,n lat] ?an #f mon?s aft] ! date
 ( enactm5t ( ?is ,act1 ! ,f$]al        
,deposit ,insurance ,corporation %all   
issue a report to ! ,committee on       
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate conta9+ all f9d+s & det]m9ations 
made 9 c>ry+ out ! report requir$ "u    

subsection 7a74  #e4 ,discretion>y      
,surplus ,fund  7a7 ,9 g5]al ,! doll>   
am\nt specifi$ "u section               
#g7;a77#c77;,a7 ( ! ,f$]al ,res]ve ,act 
7#ab ,u4,s4,c4 #bhi7;a77#c77;,a77 is    
r$uc$ by #bh1jjj1jjj4  7b7 ,effective   
date ,! am5dm5t made by subsection 7a7  
%all take effect on ,septemb] #a1 #bjcf4
  ,pass$ ! ,h\se ( ,repres5tatives ,may 
#bj1 #bjbf4;,cl]k4