An Act to extend certain laws relating to the payment of interest on time and savings deposits, to prohibit depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which any interest or dividend is paid, to authorize Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations, and for other purposes.

[AI summary unavailable — showing source text] Prohibits depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which any interest or dividend is paid. Authorizes Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations. Prohibits depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which any interest or dividend is paid. Authorizes Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations.…