PUBLIC LAW 101-73—AUG. 9, 1989 103 STAT. 207 (A) by striking out "Each insured State nonmember bank" and all that follows through "four reports" and inserting the following: "Each insured depository institu- tion shall make to the appropriate Federal banking agency 4 reports"; (B) by striking out "bank" each place such term appears in the 2nd, 5th, and 6th sentences and inserting in lieu thereof "depository institution"; (C) by striking out "insured national, District" and all that follows through "member bank" in the 7th sentence and inserting in lieu thereof "insured depository institu- tion"; and (D) by inserting "or savings associations" after "banks" in the last sentence; (3) in subsection (a)(4), by striking out "bank", "bank's", and "banks" each place such terms appear (except in "foreign bank") and inserting in lieu thereof "depository institution", "depository institution's", and "depository institutions", respec- t?*»;« tively; (4) by striking out paragraphs (1) and (2) of subsection (b) and inserting the following: "(1) ASSESSMENT RATES.— "(A) ANNUAL ASSESSMENT RATES PRESCRIBED. — "(i) The Corporation shall set assessment rates for insured depository institutions annually. "(ii) The Corporation shall fix the annual assessment rate of Bank Insurance Fund members independently from the annual assessment rate for Savings Associa- tion Insurance Fund members. "(iii) The Corporation shall, by September 30 of each year, announce the assessment rates for the succeeding calendar year. "(B) DESIGNATED RESERVE RATIO DEFINED. — "(i) The designated reserve ratio of the Bank Insur- ance Fund for each year shall be— "(I) 1.25 percent of estimated insured deposits; or "(II) such higher percentage of estimated insured deposits, not exceeding 1.50 percent, as the Board of Directors determines for that year to be justified -^ by circumstances that raise a significant risk of substantial future losses to the Bank Insurance Fund, "(ii) The designated reserve ratio of the Savings Association Insurance Fund for each year shall be— "(I) 1.25 percent of estimated insured deposits; or "(II) such higher percentage of estimated insured deposits, not exceeding 1.50 percent, as the Board of Directors determines for that year to be justified ' by circumstances that raise a significant risk of substantial future losses to the Savings Association Insurance Fund, "(iii) The Board of Directors shall— "(I) maintain reserves in the Bank Insurance Fund received pursuant to clause (i)(II) as Supple- mental Reserves in the Bank Insurance Fund; "(II) allocate each calendar quarter to an Earn- Securities, ings Participation Account in the Bank Insurance
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