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Brief
'The Public Law 97-110, enacted on December 26, 1981, clarifies the treatment of international banking facility deposits for deposit insurance assessments and removes limitations on mortgage loan purchases by the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association. The law amends the Federal Deposit Insurance Act to exclude certain international banking facility deposits from insured deposits. Additionally, it modifies the mortgage purchase authority of these corporations to allow them to purchase mortgages originated more than one year prior to the purchase date under certain conditions. The law also makes miscellaneous amendments to existing laws, including those related to deposit insurance and credit unions.'
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