Deposit insurance. Giving to Federal Deposit Insurance Corporation authority to approve or disapprove mergers, consolidations, or assumption of deposit liabilities of other banks where banks whose deposits are insured are affected, and to approve or disapprove reorganization plans of nonoperating banks applying for insurance, report to accompany H.R. 9915 [to amend sec. 12B of Federal reserve act. as amended]; submitted by Mr. Steagall.