Financial Institutions Deregulation Act

[AI summary unavailable — showing source text] Financial Institutions Deregulation Act - Amends the Banking Act of 1933 to allow a member bank to be affiliated with a depository institution securities affiliate. Permits an officer, director, or employee of a member bank to serve at the same time as an officer, director or employee of its depository institution securities affiliate or affiliates. Amends the Securities Act of 1933 to exempt from the registration requirements of such Act the issuance of a company's shares in connection with a reorganization. Amends the Securities Exchange Act to make the Securities and Exchange Commission the appropriate regulatory agency to enforce a bank securities affiliate's compliance with regulations concerning transactions in municipal securities. Amends the Bank Holding Company Act of 1956 to include depository institution securities affiliates within the definition of "bank" for the purposes of such Act. Defines "depository institution securities affiliate" to mean any corporation that: (1) is engaged in the United States in one or more of the activities authorized under such Act; and (2) is a broker or dealer within the meaning of the Securities Exchange Act of 1934 or an investment advi…