Sec. 3. Assessments and fees for insurance savings and loan holding companies
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Section 11 of the Federal Reserve Act ( 12 U.S.C. 248 ) is amended, in the second subsection
(s)(relating to assessments), by adding at the end the following: With respect to an insurance savings and loan holding company, as defined in section 10 of the Home Owners’ Loan Act ( 12 U.S.C. 1467a ), the total consolidated assets described in paragraph (2)(B) shall not include any asset of an insurance company. .
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