A bill to protect depositors, creditors and Federal deposit insurance funds, to prevent significant disruptions in financial services, and for other purposes.

[AI summary unavailable — showing source text] Amends the Bank Holding Act of 1956 to authorize the Board of Governors of the Federal Reserve System to permit any bank holding company to acquire voting shares, interests in, or assets of any additional bank located outside the State in which such company's banking subsidiaries are principally conducted. Requires the Federal Financial Institutions Examination Council to be satisfied that an emergency exists with regard to the additional bank and a transaction involving an intrastate purchaser of such bank would not be in the public interest. Directs the Board to consider the possible adverse effects of any proposed transaction upon competition or upon the concentration of resources in any State, region, or the nation. Permits the Board to dispense with notice and hearing requirements if an emergency exists requiring immediate action. Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation (FDIC) to make loans to, purchase the assets of, or make deposits in insured banks when severe economic conditions exist which threaten the stability of insured banks in a large geographic region and such action will reduce the risk to the FDIC. Permits th…