Financial Institutions Amendments

[AI summary unavailable — showing source text] Financial Institution Amendments - Title I: Short Title - States that this Act shall be known as the Financial Institution Amendments. Title II: Deposit Interest Rate Control - Extends the authority of the Federal Reserve Board to prescribe interest rates for member banks until December 15, 1987. Amends the Federal Credit Union Act to empower the Administrator of the National Credit Union Administration to prescribe rules governing the payment of interest on deposits. Title III: Insurance of Accounts - Removes the dollar restriction on insurance coverage on the deposits of governmental funds and specified retirement accounts. Title IV: Declares it to be the sense of Congress that the Federal Home Loan Bank Board shall develop appropriate rules and to experiment with a variety of flexible mortgage instruments to be offered by Federal savings and loan associations. Title V: Home Owners' Loan Act - Makes changes with respect to the investment powers of federally-chartered associations. Title VI: Raising of Additional Capital for Federal Savings and Loan Associations - Permits federally-chartered mutual savings and loan associations to issue preferred stock. Title VII: Federal Charters…