,,ib ,union ,cal5d> ,no4 #dee #aai?     
,,congress  #b;d ,session  ,h4 ,r4 #feea
 ,report ,no4 #aai-ecj ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,decemb] #aj1     
#bjbe,mr4 ,l\d]milk introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,febru>y #be1       
#bjbf;,additional sponsors3 ,mr4        
,got!im] & ,mr4 ,lawl]  ,febru>y #be1   
#bjbf,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be printed,strike
 out all aft] ! enact+ clause & ins]t ! 
"p pr9t$ 9 italic,for text ( introduc$  
bill1 see copy ( bill z introduc$ on    
,decemb] #aj1 #bjbe  ,a ,,bill  ,to     
require annual reports on national bank 
& ,f$]al sav+s association *>t]         
applications1 depository in/itution     
hold+ company applications1 ,f$]al      
deposit insurance applications1 & ,/ate 
depository in/itution *>t] applications1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,new ,bank        
,application ,numb]s ,k ,act ( #bjbe or 

! ,new ,,bank ,act ( #bjbe4  #b4 ,annual
 report on national bank & ,f$]al sav+s 
association *>t] applications ,!        
,comptroll] ( ! ,curr5cy %all publi% an 
annual report t includes ! foll[+1 or ) 
respect to any equival5t proc$ure us$ by
 ! ,(fice ( ,comptroll] ( ! ,curr5cy    
includes ! foll[+3 7#a7 ,! numb] (      
national bank & ,f$]al sav+s association
 *>t] applications receiv$1 approv$ on a
 prelim9>y basis1 approv$ on a f9al     
basis1 d5i$1 )drawn1 expir$1 moot$1 or  
return$4  7#b7 ,! mean & m$ian times =  
prelim9>y approval ( su* applications4  
7#c7 ,! mean & m$ian times = f9al       
approval ( su* applications4  7#d7 ,to !
 ext5t practicable1 common reasons lead+
 to ! d5ial1 )drawal1 or expiration (   
prelim9>y approval ( su* applications4  
#c4 ,annual report on ,f$]al cr$it union
 *>t] applications ,! ,national ,cr$it  
,union ,adm9i/ration %all publi% an     
annual report t includes ! foll[+1 or ) 
respect to any equival5t proc$ure us$ by
 ! ,adm9i/ration includes ! foll[+3 7#a7

 ,! numb] ( ,f$]al cr$it union *>t]     
applications receiv$1 approv$ on a f9al 
basis1 d5i$1 )drawn1 inactive1 or       
return$ p5d+ resubmission4  7#b7 ,! mean
 & m$ian times = f9al approval ( su*    
applications4  7#c7 ,to ! ext5t         
practicable1 common reasons lead+ to    
application d5ial1 )drawal1 inactivity1 
or to applications be+ return$ =        
resubmission4  #d4 ,annual report on    
depository in/itution hold+ company     
applications ,! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em %all publi% an    
annual report t includes ! foll[+1 or ) 
respect to any equival5t proc$ure us$ by
 ! ,bo>d ( ,gov]nors includes ! foll[+3 
7#a7 ,! numb] ( applications to become a
 top-ti] depository in/itution hold+    
company receiv$1 approv$1 d5i$1 )drawn1 
moot$1 or return$4  7#b7 ,! mean & m$ian
 times to approve su* applications4     
7#c7 ,to ! ext5t practicable1 common    
reasons lead+ to d5ial or )drawal ( su* 
applications4  #e4 ,annual report on    
,f$]al deposit insurance applications ,!

 ,f$]al ,deposit ,insurance ,corporation
 %all publi% an annual report t includes
 ! foll[+1 or ) respect to any equival5t
 proc$ure us$ by ! ,corporation includes
 ! foll[+3 7#a7 ,! numb] ( applications 
= deposit insurance receiv$1 approv$1   
d5i$1 )drawn1 moot$1 or return$4  7#b7  
,! mean & m$ian times to approve su*    
applications4  7#c7 ,to ! ext5t         
practicable1 common reasons lead+ to    
d5ial or )drawal ( su* applications4    
#f4 ,annual report on ,/ate depository  
in/itution & ,/ate cr$it union *>t]     
applications  7a7 ,9 g5]al ,! ,bo>d (   
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !  
,f$]al ,deposit ,insurance ,corporation1
 & ! ,national ,cr$it ,union            
,adm9i/ration ,bo>d %all1 jo9tly1 & 9   
consultation ) ,/ate bank+ regulators & 
,/ate cr$it union regulators1 publi% an 
annual report t includes ! foll[+1 or ) 
respect to any equival5t proc$ure us$ by
 su* ag5cies includes ! foll[+3 7#a7 ,! 
numb] ( ,/ate depository in/itution *>t]
 applications receiv$1 approv$1 d5i$1   

)drawn1 or o!rwise disposition$ by ,/ate
 bank+ regulators & ,/ate cr$it union   
regulators1 ) numb]s = ea* ,/ate %[n    
sep>ately4  7#b7 ,! mean & m$ian times  
to approve su* applications1 ) times =  
ea* ,/ate %[n sep>ately4  7#c7 ,to !    
ext5t practicable1 common reasons lead+ 
to d5ial or )drawal ( su* applications4 
7b7 ,def9itions ,9 ?is section3 7#a7    
,/ate ,! t]m ,/ate means any ,/ate ( !  
,unit$ ,/ates1 ! ,di/rict ( ,columbia1 &
 any t]ritory ( ! ,unit$ ,/ates4  7#b7  
,/ate bank ,! t]m ,/ate bank means any  
bank1 bank+ association1 tru/ company1  
sav+s bank1 indu/rial bank1 or o!r bank+
 in/itution incorporat$ "u ! laws ( any 
,/ate4  7#c7 ,/ate depository in/itution
 ,! t]m ,/ate depository in/itution     
means-- 7,a7 a ,/ate bank or a ,/ate    
sav+s association2 &  7,b7 a ,/ate cr$it
 union1 z def9$ 9 section #aja ( !      
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #ageb74  7#d7 ,/ate sav+s association  
,! t]m ,/ate sav+s association means--  
7,a7 any build+ & loan association1     

sav+s & loan association1 or home/ead   
association incorporat$ "u ! laws ( any 
,/ate2 &  7,b7 any coop]ative bank      
incorporat$ "u ! laws ( any ,/ate t is n
 a ,/ate bank4  ,febru>y #be1           
#bjbf,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be pr9t$