Section 2(a)(5)(E)(i) of the Bank Holding Company Act (12 U.S.C. 1841(a)(5)(E)(i)) is amended
by inserting "one or more" after "wholly owned by".
Current law contains an exemption from the registration requirement of the Bank Holding
Company Act for a group of thrift institutions to operate a limited purpose or so-called bankers
bank provided the bank restricts its corporate business and does not do any business with the
general public. This amendment would simply permit a single thrift institution to establish and
operate such an institution subject to the same limitations contained in current law, i.e., no retail