Page:United States Statutes at Large Volume 108 Part 3.djvu/613

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PUBLIC LAW 103-328—SEPT. 29, 1994 108 STAT. 2365 as defined by the Director of the Office of Management and Budget, with a population of 250,000 or more, and any other area designated as such by the appropriate Federal financial supervisory agency, "(3) STATE.—The term 'State' has the same meaning as in section 3 of the Federal Deposit Insurance Act.", (b) SEPARATE PRESENTATION.— Section 807(b)(1) of the Community Reinvestment Act of 1977 (12 U.S.C. 2906(b)(1)) is amended— (1) by redesignating subparagraphs (A) through (C) as clauses (i) through (iii), respectively; (2) by striking "The public" and inserting the following: "(A) CONTENTS OF WRITTEN EVALUATION. — The public"; and (3) by adding at the end the following new subparagraph: "(B) METROPOLITAN AREA DISTINCTIONS. — The information required by clauses (i) and (ii) of subparagraph (A) shall be presented separately for each metropolitan area in which a regulated depository institution maintains one or more domestic branch offices.". SEC. 111. RESTATEMENT OF EXISTING LAW. 12 USC 1811 No provision of this title and no amendment made by this title to any other provision of law shall be construed as affecting in any way— (1) the authority of any State or political subdivision of any State to adopt, apply, or administer any tax or method of taxation to any bank, bank holding company, or foreign bank, or any affiliate of any such bank, bank holding company, or foreign bank, to the extent that such tax or tax method is otherwise permissible by or under the Constitution of the United States or other Federal law; (2) the right of any State, or any political subdivision of any State, to impose or maintain a nondiscriminatory franchise tax or other nonproperty tax instead of a franchise tax in accordance with section 3124 of title 31, United States Code; or (3) the applicability of section 5197 of the Revised Statutes or section 27 of the Federal Deposit Insurance Act. SEC. 112. GAG REPORT ON DATA COLLECTION UNDER INTERSTATE BRANCHING. (a) IN GENERAL. — The Comptroller General of the United States shall submit to the Congress, not later than 9 months after the date of enactment of this Act, a report that— (1) examines statutory and regulatory requirements for insured depository institutions to collect and report deposit and lending data; and (2) determines what modifications to such requirements are needed, so that the implementation of the interstate branching provisions contained in this title will result in no material loss of information important to regulatory or congressional oversight of insured depository institutions. (b) CONSULTATION. — The Comptroller General, in preparing the report required by this section, shall consult with individuals representing the appropriate Federal banking agencies, insured depository institutions, consumers, community groups, and other interested parties.