PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 4069

(2) PROCEDURES RELATED TO EACH DISCLOSURE REPORT.—
Upon receipt of a report in accordance with subsection (aXD,
the appropriate Federal banking agency shall—

(A) consult with the agency or instrumentality that
made the disclosure regarding the adequacy of the proce-
dures established pursuant to paragraph (1), and

(B) adjust the procedures to ensure adequate protection
of the information disclosed.

(c) EFFECT ON AGENCIES.—This section does not impose an
affirmative duty on the Attorney General, the Secretary of the
Treasury, or the he?.d of any agency or instrumentality of the
United States to collect new or to review existing information.

(d) DEFINITIONS.—For purposes of this section, the terms
"appropriate Federal banking agency" and "depository institution"
have the same meanings as in section 8 of the Federal Deposit
Insurance Act.

(e) REPORT.—The Attorney General and the Secretary of the
Treasury shall report to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on Banking, Finance
and Urban Affairs of the House of Representatives, not later than
90 days after the end of each calendar year on their utilization
of the exceptions provided in subsection (a)(lXB).

SEC. 1543. IMMUNITY.

Section 6001(1) of title 18, United States Code, is amended
by inserting "the Board of Governors of the Federal Reserve Sys-
tem," after "the Atomic Energy Commission,".

SEC. 1644. INTERAGENCY INFORMATION SHARING.

Section 11 of the Federal Deposit Insurance Act (12 U.S.C.
1821) is amended by adding at the end the following new subsection:
"(t) AGENCIES MAY SHARE INFORMATION WITHOUT WAIVING
PRIVILEGE.—

"(1) IN GENERAL.—A covered agency shall not be deemed
to have waived any privilege applicable to any information
by transferring that information to or permitting that informa-
tion to be used by—

"(A) any other covered agency, in any capacity; or
"(B) any other agency of the Federal Government (as
defined in section 6 of title 18, United States Code).
"(2) DEFINITIONS.—For purposes of this subsection:

"(A) COVERED AGENCY.—The term 'covered agency*
means any of the following:

"(i) Any appropriate Federal banking agency,
"(ii) The Resolution Trust Corporation,
"(iii) The Farm Credit Administration.
"(iv) The Farm Credit System Insurance
Corporation.

"(v) The National Credit Union Administration.
"(B) PRIVILEGE.—The term 'privilege' includes any
work-product, attorney-client, or other privilege recognized
under Federal or State law.

"(3) RULE OF CONSTRUCTION.—Paragraph (1) shall not be
construed as implying that any person waives any privilege
applicable to any information because paragraph (1) does not
apply to the transfer or use of that information.".