110 STAT. 3009 -409 PUBLIC LAW 104-208—SEPT. 30, 1996 time, based on a comparison of the average total riskweighted assets controlled by each insured depository institution during the previous 12-month period. "(B) BRANCH OR AGENCY.—For purposes of this paragraph and section 4(j)(4), the term 'insured depository institution' includes any branch or agency operated in the United States by a foreign bank. "(9) WELL MANAGED.— The term 'well managed' means— "(A) in the case of any company or depository institution which receives examinations, the achievement of— "(i) a CAMEL composite rating of 1 or 2 (or an equivalent rating under an equivalent rating system) in connection with the most recent examination or subsequent review of such company or institution; and "(ii) at least a satisfactory rating for management, if such rating is given; or "(B) in the case of a company or depository institution that has not received an examination rating, the existence and use of managerial resources which the Board determines are satisfactory.". SEC. 2209. ELIMINATION OF UNNECESSARY FILING FOR OFFICER AND DIRECTOR APPOINTMENTS. Section 32 of the Federal Deposit Insurance Act (12 U.S.C. 18311) is amended— (1) in subsection (a)— (A) by inserting "(or such other period, as determined by the appropriate Federal banking agency)" after "30 days"; (B) by striking "if the insured depository institution or depository institution holding company" and inserting "if"; (C) by striking paragraphs (1) and (2); (D) by redesignating paragraph (3) as paragraph (1); (E) in paragraph (1), as redesignated— (i) by inserting "the insured depository institution or depository institution holding company" before "is not in compliance"; and (ii) by striking the period at the end and inserting "; or"; and (F) by adding at the end the following new paragraph: "(2) the agency determines, in connection with the review by the agency of the plan required under section 38 or otherwise, that such prior notice is appropriate."; and (2) in subsection (b), by striking "30-day period" and inserting "notice period, not to exceed 90 days,". SEC. 2210. AMENDMENTS TO THE DEPOSITORY INSTITUTION MANAGE- MENT INTERLOCKS ACT. (a) DUAL SERVICE AMONG LARGER ORGANIZATIONS. —Section 204 of the Depository Institution Management Interlocks Act (12 U.S.C. 3203) is amended— (1) by striking "$1,000,000,000" and inserting " $2,500,000,000 "; (2) by striking " $500,000,000 " and inserting " $1,500,000,000 "; and
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