Depository Institution Equity Act of 1983

[AI summary unavailable — showing source text] Depository Institution Equity Act of 1983 - Title I: Amendments to the Bank Holding Company Act - Amends the Bank Holding Company Act of 1956 to include within the definition of 'bank' any insured bank as defined in the Federal Deposit Insurance Act and any institution eligible to become so insured. Title II: Amendments to the Federal Deposit Insurance Act - Amends the Federal Deposit Insurance Act to apply to every nonmember insured bank the provisions of the Banking Act of 1933 relating to affiliations between member banks and organizations engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes or other securities. Provides that a nonmember insured bank which prior to enactment of this Act was affiliated with such an organization is not prohibited from continuing such affiliation for no more than two years. Excludes dealers in securities from serving as officers, directors, or employees of State nonmember banks. Title III: Amendments to the National Housing Act - Amends the National Housing Act to prohibit a savings and loan holding company, or any subsidiary which is not an insured institution, from commencing …