Financial Institutions Act of 1984

[AI summary unavailable — showing source text] Title I: Short Title; Findings and Policy - Financial Institutions Act of 1984 - Sets forth the findings and policies of this Act. Title II: Restrictions on Combinations Involving Depository, Securities, Insurance and Commercial Enterprises - Amends the Bank Holding Company Act of 1956 to redefine the term "bank" as either a bank insured by the Federal Deposit Insurance Corporation, an institution eligible to apply for such insurance, or a State or federally chartered institution that accepts transaction accounts and makes commercial loans. Prohibits any bank from engaging in any tandem operation with its bank holding company or any subsidiary or affiliate of such holding company, unless the Board of Governors of the Federal Reserve System determines that such tandem operation is not likely to cause unfair competition or pose risks to consumers. Amends the Federal Deposit Insurance Act to state that the provisions of the Banking Act of 1933 relating to affiliations between member banks and organizations engaged principally in certain securities activities, and relating to officer, director, or employee relationships involving a member bank and a person or organization primarily eng…