Wholesale Bank Deposit Insurance Act of 1992

[AI summary unavailable — showing source text] Wholesale Bank Deposit Insurance Act of 1992 - Amends the Federal Deposit Insurance Act to authorize certain insured depository institutions to voluntarily terminate their insured status (become uninsured State member banks under the Federal Reserve Act). Precludes such institutions from accepting deposits other than as uninsured State member banks, and requires them to pay to the Federal Deposit Insurance Corporation (FDIC) an exit fee reflecting their pro rata share of the relevant deposit insurance fund's contingent liabilities. Provides for a transition period during which formerly insured deposits temporarily retain their insured status. Requires the depository institution to notify its depositors and the FDIC of its non-insured status. Amends the Bank Holding Company Act of 1956 to permit a bank holding company all of whose subsidiary depository institutions are uninsured State member banks to acquire interests in banking and securities firms. (Current law prohibits such affiliations between banking and securities institutions.) Imposes the same requirements upon the acquisition of such interests as would be applicable to a bank holding company that does not own uninsured Sta…