Amendment105th Congress
Amendment allows any depository institution, the charter of which is converted from that of a Federal savings association to a national bank or a State bank after the date of the enactment of the Financial Services Act of 1998, to retain the term "Federal" in the name of such institution so long as such depository institution remains an insured depository institution.
- Amendment Number
- 627
- Description
- Amendment allows any depository institution, the charter of which is converted from that of a Federal savings association to a national bank or a State bank after the date of the enactment of the Financial Services Act of 1998, to retain the term "Federal" in the name of such institution so long as such depository institution remains an insured depository institution.
- Purpose
- An amendment, printed as amendment No. 11 in part 2 of House Report 105-531, to allow a financial institution to retain its name if the word "federal" is issued when its charter is converted from a federal savings association to a national or state bank.
- Congress
- 105
- Type
- HAMDT
- Latest Action Date
- May 13, 1998
- Latest Action Text
- On agreeing to the Metcalf amendment (A009) Agreed to by the Yeas and Nays: 256 - 166 (Roll No. 150).
- Latest Action Time
- 20:48:13
- Submitted Date
- May 13, 1998
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021