Page:United States Statutes at Large Volume 91.djvu/1182

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PUBLIC LAW 95-000—MMMM. DD, 1977

91 STAT. 1148

12 USC 1828. 12 USC 1724.

12 USC 1842. 12 USC 1730a. Financial institutions, evaluation.

12 USC 2903.

Report to Congress. 12 USC 2904. Regulations. 12 USC 2905.

PUBLIC LAW 95-128—OCT. 12, 1977 (B) deposit insurance in connection with a newly chartered State bank, savings bank, savings and loan association or similar institution; (C) the establishment of a domestic branch or other facility with the ability to accept deposits of a regulated financial institution; (D) the relocation of the home office or a branch office of a regulated financial institution; (E) the merger or consolidation with, or the acquisition of the assets, or the assumption of the liabilities of a regulated financial institution requiring approval under section 18(c) of the Federal Deposit Insurance Act or under regulation^ issued under the authority of title IV of the National Housing Act; or (F) the acquisition of shares in, or the assets of, a regulated financial institution requiring approval under section 3 of the Bank Holding Company Act of 1956 or section 408 (e) of the National Housing Act. SEC. 804. In connection with its examination of a financial institution, the appropriate Federal financial supervisory agency shall— (1) assess the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and (2) take such record into account in its evaluation of an application for a deposit facility by such institution. SEC. 805. Each appropriate Federal financial supervisory agency shall include in its annual report to the Congress a section outlining the actions it has taken to carry out its responsibilities under this title. SEC. 806. Regulations to carry out the purposes of this title shall be published by each appropriate Federal financial supervisory agency, and shall take effect no later than 390 days after the date of enactment of this title. TITLE IX—MISCELLANEOUS INDIAN AND ALASKA NATIVE HOUSING AND COMMUNITY

42 USC 3533. Special Assistant for Indian and Alaska Native Programs.

Report to Congress.

DEVELOrMENT

SEC. 901. Section 4 of the Department of Housing and Urban Development Act is amended by adding at the end thereof the following: "(d)(1) There shall be in the Department a Special Assistant for Indian and Alaska Native Programs, who shall be responsible for coordinating all programs of the Department relating to Indian and Alaska Native housing and community development. The Special Assistant for Indian and Alaska Native Programs shall be designated by the Secretary not later than 60 days after the date of enactment of this subsection. "(2) The Secretary shall, not later than December 1 of each year, submit to Congress an annual report which shall include— "(A) a description of his actions during the current year and a projection of his activities during the succeeding years; "(B) estimates of the cost of the projected activities for succeeding fiscal years; "(C) a statistical report on the conditions of Indian and Alaska Native housing; and ,!-,...• ••,, I

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