Frozen deposits
For purposes of this subparagraph, the term “frozen deposit” means any deposit which may not be withdrawn because of—
(i)#
the bankruptcy or insolvency of any financial institution, or
(ii)#
any requirement imposed by the State in which such institution is located by reason of the bankruptcy or insolvency (or threat thereof) of 1 or more financial institutions in such State.
A deposit shall not be treated as a frozen deposit unless on at least 1 day during the 60-day period described in paragraph (3) (without regard to this paragraph) such deposit is described in the preceding sentence.