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124 STAT. 1556 PUBLIC LAW 111–203—JULY 21, 2010

SEC. 366. FEDERAL RESERVE ACT.

The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended— (1) in section 11(a)(2) (12 U.S.C. 248(a)(2))— (A) by inserting ‘‘State savings associations that are insured depository institutions (as defined in section 3 of the Federal Deposit Insurance Act),’’ after ‘‘case of insured’’; (B) by striking ‘‘Director of the Office of Thrift Super- vision’’ and inserting ‘‘Comptroller of the Currency’’; (C) by inserting ‘‘Federal’’ before ‘‘savings association which’’; and (D) by striking ‘‘savings and loan association’’ and inserting ‘‘savings association’’; and (2) in section 19(b) (12 U.S.C. 461(b))— (A) in paragraph (1)(F), by striking ‘‘Director of the Office of Thrift Supervision’’ and inserting ‘‘Comptroller of the Currency’’; and (B) in paragraph (4)(B), by striking ‘‘Director of the Office of Thrift Supervision’’ and inserting ‘‘Comptroller of the Currency’’.

SEC. 367. FINANCIAL INSTITUTIONS REFORM, RECOVERY, AND ENFORCEMENT ACT OF 1989.

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is amended— (1) in section 203 (12 U.S.C. 1812 note), by striking sub- section (b); (2) in section 302(1) (12 U.S.C. 1467a note), by striking ‘‘Director of the Office of Thrift Supervision’’ and inserting ‘‘Comptroller of the Currency’’; (3) in section 305(12 U.S.C. 1464 note), by striking sub- section (b); (4) in section 308 (12 U.S.C. 1463 note)— (A) in subsection (a), by striking ‘‘Director of the Office of Thrift Supervision’’ and inserting ‘‘Chairman of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Chairman of the National Credit Union Administration,’’; and (B) by adding at the end the following new subsection: ‘‘(c) REPORTS.—The Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Chairman of the National Credit Union Administration, and the Chairperson of Board of Directors of the Federal Deposit Insurance Corporation shall each submit an annual report to the Congress containing a description of actions taken to carry out this section.’’; (5) in section 402 (12 U.S.C. 1437 note)— (A) in subsection (a), by striking ‘‘Director of the Office of Thrift Supervision’’ and inserting ‘‘Comptroller of the Currency’’; (B) by striking subsection (b); (C) in subsection (e)— (i) in paragraph (1), by striking ‘‘Office of Thrift Supervision’’ and inserting ‘‘Comptroller of the Cur-

LAWS rency’’; and (ii) in each of paragraphs (2), (3), and (4), by striking ‘‘Director of the Office of Thrift Supervision’’PUBLIC with on anorris VerDate Nov 24 2008 21:17 Aug 02, 2010 Jkt 089139 PO 00203 Frm 00182 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203