106 STAT. 4106 PUBLIC LAW 102-552—OCT. 28, 1992

(b) CONFORMING AMENDMENTS.—Section 5.35(4) (12 U.S.C.
2271(4)) is amended—

(1) by striking "and" at the end of subparagraph (A);

(2) by striking the period at the end of subparagraph (B)
and inserting "; and"; and

(3) by adding at the end the following new subparagraph:

"(C) after December 31, 1992, mean any significant
noncompliance by a System institution (as determined by
the Farm Credit Administration, in consultation with the
Farm Credit System Insurance Corporation) with any term
or condition imposed on the institution by the Farm Credit
System Assistance Board under section 6.6 or by the Farm
CreditvSystem Insurance Corporation under section 5.61.".

SEC. 203. USE OF FARM CREDIT ADMINISTRATION PERSONNEL.

Section 5.59(a) (12 U.S.C. 2277a-8(a)) is amended by adding
at the end the following new paragraph:

"(5) USE OF FARM CREDIT ADMINISTRATION PERSONNEL.—

To the extent practicable, the Corporation shall use the per-
sonnel and resources of the Farm Credit Administration to
minimize duplication of effort and to reduce costs.".

12 USC 2277a-4 SEC. 204. GAO REPORTS ON RISK-BASED INSURANCE PREMIUMS,

ACCESS TO ASSOCIATION CAPITAL, SUPPLEMENTAL PRE-
MIUMS, AND CONSOLIDATION.

(a) IN GENERAL.—The Comptroller General of the United States
shall investigate, review, and evaluate the feasibility and appro-
priateness, and report to the Committee on Agriculture of the
House of Representatives and the Committee on Agriculture, Nutri-
tion, and Forestry of the Senate, on the advantages and disadvan-
tages of providing the Farm Credit System Insurance Corporation
with—

(1) the authority to directly or indirectly assess associations
to ensure that all System capital is available to prevent losses
to investors, including a study of—

(A) the effects of direct assessments by the Insurance
Corporation on associations, including interest rate charges
to borrowers;

(B) the effects of requiring that banks pass along the
cost of insurance premiums to owner associations and other
financing institutions having a discount relationship with
the bank;

(C) the effects of requiring owner associations to pur-
chase stock in the district bank, if needed, to prevent
a bank from having to return to the Insurance Corporation
for financial assistance once the assistance has been given;

(D) the effects of the purchase of stock from funds
of the association (through funds obtained from other than
the district bank) or allowing the bank to increase the
direct line of credit to the association in order to fund
the purchase; and

(E) the effect that authorizing the Insurance Corpora-
tion to assess the association could have on the association's
incentives for building capital;

(2) the authority to collect supplemental insurance pre-
miums under certain circumstances, including a study of—