An Act to authorize the regulation of interest rates payable on obligations issued by affiliates of certain depository institutions, and for other purposes.

[AI summary unavailable — showing source text] States that the authority of the Federal Home Loan Bank Board to regulate rates of interest payable on deposits, shares, or withdrawable accounts shall, at the Board's discretion, apply to an obligation issued by an affiliate of an institution which is an insured institution as defined in the National Housing Act or is a member or nonmember building and loan, savings and loan, or homestead association, or cooperative bank, or member savings bank other than a savings bank insured under the Federal Deposit Insurance Act.…