; or (ii) the stablecoin is fully collateralized by reserves maintained at a Federal reserve bank. (2) Use of the term dollar A person offering or providing a product or service with respect to a stablecoin may not use the term dollar or dollars to refer to stablecoin balances unless such reference is pre-approved by either the Comptroller of the Currency or the Board of Governors of the Federal Reserve System. (e) Prioritization under deposit insurance With respect to a depositor, for purposes of determining whether a deposit is an insured deposit, the Corporation shall first include deposits that are not stablecoins. (f) Oversight by Federal banking agencies (1) In general The appropriate Federal banking agency shall have general regulatory authority over an insured depository institution’s business activities related to stablecoins, including all existing regulatory powers that the agency has with respect to the institution’s business activities related to other deposits (2) Capital adequacy rules The Federal banking agencies shall promulgate rules and standards regarding the capital adequacy, leverage, liquidity, and permitted activities of stablecoin issuers and other persons engaged in stablecoin-related activities. (3) Effect on other rules To the extent a person is subject to capital adequacy, liquidity, and other rules issued under this section, the appropriate Federal banking agency may provide exceptions or exemptions from similar rules issued pursuant to other provisions of law, if the agency determines such exceptions or exemptions are appropriate, taking into account the activities of such person. (g) Rule of construction Nothing in this section may be construed as removing any jurisdictional or regulatory authority of any Federal agency. . (c) Banking Act of 1933 Section 21 of the Banking Act of 1933 ( 12 U.S.C. 378 ) is amended— (1) in subsection (a)— (A) in paragraph (1), by inserting after to any extent whatever in the business of the following: issuing stablecoins or