; and (B) the Board’s supporting rationale for any proposed use of amounts in the Fund contained in such budget, including detailed breakdowns and supporting rationales for any such proposed use related to titles of this Act other than this title. (2) Public disclosure The Board shall make each report described under paragraph (1) available to the public. . VI Regulatory Relief for Strongly Capitalized, Well Managed Banking Organizations 601. Capital election (a) In general A banking organization may make an election under this section to be treated as a qualifying banking organization for purposes of the regulatory relief described under section 602. (b) Requirements A banking organization may qualify to be treated as a qualifying banking organization if— (1) the banking organization has an average leverage ratio of at least 10 percent; (2) with respect to a depository institution holding company, each insured depository institution subsidiary of the holding company simultaneously makes the election described under subsection (a); and (3) with respect to an insured depository institution, any parent depository institution holding company of the institution simultaneously makes the election described under subsection (a). (c) Election process To make an election under this section, a banking organization shall submit an election to the appropriate Federal banking agency (and any applicable State bank supervisor that regulates the banking organization) containing— (1) a notice of such election; (2) the banking organization’s average leverage ratio, as well as the organization’s quarterly leverage ratio for each of the most recently completed four calendar quarters; (3) if the banking organization is a depository institution holding company, the information described under paragraph (2) for each of the organization’s insured depository institution subsidiaries