; or (B) the Board of Governors of the Federal Reserve System finds that implementation of similar regulations with respect to depository institutions would seriously conflict with essential monetary and payments systems policies of such Board, and publishes any such finding, and the reasons therefor, in the Federal Register. (3) Enforcement (A) In general Compliance with regulations prescribed under this subsection shall be enforced— (i) under section 8 of the Federal Deposit Insurance Act, with respect to a depository institution other than a Federal credit union; and (ii) under sections 120 and 206 of the Federal Credit Union Act, with respect to a Federal credit union. (B) Deeming of violation For the purpose of the exercise by a Federal banking regulator of the regulator’s powers under any Act referred to in subparagraph (A), a violation of any regulation prescribed under this subsection shall be deemed to be a violation of a requirement imposed under that Act. (C) Enforcement through any existing authority In addition to its powers under any provision of law specifically referred to in subparagraph (A), each Federal banking regulator may exercise, for the purpose of enforcing compliance with any regulation prescribed under this subsection, any other authority conferred on the regulator by law. (4) Rule of construction The authority of the Board of Governors of the Federal Reserve System to issue regulations under this subsection does not impair the authority of any other Federal banking regulator to make rules respecting the regulator’s own procedures in enforcing compliance with regulations prescribed under this subsection. (5) Report to Congress Each Federal banking regulator exercising authority under this subsection shall transmit to the Congress each year a detailed report on its activities under this subsection during the preceding calendar year. (6) Definitions For purposes of this Act: (A) Bank The term bank means— (i) national banks and Federal branches and Federal agencies of foreign banks