Depository Institutions Act of 1979

[AI summary unavailable — showing source text] Depository Institutions Act of 1979 - Title I: Amendments to the National Banking Laws - Makes changes with respect to the following: (1) the power of national banks to purchase, hold, and convey real estate; (2) trust powers of national banks; and (3) the emergency restrictions on Federal Reserve banks. Title II: Termination of National Bank Closed Receivership Fund - Directs the Comptroller of the Currency to disburse the liquidating dividends from national banks closed on or before January 22, 1934, held by the Comptroller in the capacity as successor to receivers of those banks. Title III: Financial Regulation Simplification - Financial Regulation Simplification Act of 1979 - Directs the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Federal Home Loan Bank Board, and the National Credit Union Administration to periodically review and revise their regulations to assure that such regulations: (1) are necessary and clearly written; (2) have been adopted in a manner which gives opportunity for public participation and comment and the consideration of alternatives; (3) minimi…