; and (B) located in a rural area, as defined under section 1026.35(b)(iv)(A) of title 12, Code of Federal Regulations. 6. Agricultural loan authority for Federal savings associations Section 5(c) of the Home Owners’ Loan Act ( 12 U.S.C. 1464(c) ) is amended— (1) in paragraph (1), by adding at the end the following: (V) Agricultural loans Secured or unsecured loans for agricultural purposes. ; and (2) in paragraph (2)(A), by striking business, or agricultural and inserting or business . 7. Study on de novo financial institution (a) Study The appropriate Federal banking agencies shall, jointly, carry out a study on— (1) the principal causes for the low number of de novo financial institutions in the 10-year period ending on the date of enactment of this Act; and (2) ways to promote more de novo financial institutions in areas currently underserved by financial institutions. (b) Report to Congress Not later than the end of the 1-year period beginning on the date of enactment of this Act, the appropriate Federal banking agencies shall, jointly, issue a report to Congress containing all findings and determinations made in carrying out the study required under subsection (a). 8. Definitions In this Act: (1) Financial institution The term financial institution means a depository institution or depository institution holding company. (2) Other banking terms The terms appropriate Federal banking agency , depository institution , and depository institution holding company have the meaning given those terms, respectively, under section 3 of the Federal Deposit Insurance Act.