; and (ii) does not include an agency described in subparagraph (W) of section 5312(a)(2) of title 31, United States Code, or an entity controlled or sponsored by such an agency. . 5. Interest rates on balances maintained at a Federal Reserve Bank by depository institutions established by Federal Open Market Committee Subparagraph (A) of section 19(b)(12) of the Federal Reserve Act ( 12 U.S.C. 461(b)(12)(A) ) is amended by inserting established by the Federal Open Market Committee after rate or rates . 6. Membership of Federal Open Market Committee Section 12A(a) of the Federal Reserve Act ( 12 U.S.C. 263(a) ) is amended— (1) in the first sentence, by striking five representatives of the Federal Reserve banks to be selected as hereinafter provided and inserting one representative from each of the Federal Reserve banks ; (2) in the second sentence, by striking and, beginning and all that follows through San Francisco