To be able to avoid discrimination against State-chartered insured banks, including insured savings banking institutions and insured mutual cost savings banking institutions or insured branches of foreign banks with regards to interest levels, if the applicable price recommended in this subsection exceeds the rates such
State bank or insured branch of a international bank would be allowed to charge within the lack of this subsection, such State or such insured branch of the foreign bank may, notwithstanding any State constitution or statute which can be hereby preempted when it comes to purposes for this area, take, enjoy, reserve and fee on any loan or discount made, or upon any note, bill of change, or any other proof of debt, interest for a price of no more than one per centum more than the discount rate on ninety-day commercial paper in place during the Federal Reserve Bank within the Federal Reserve region where such State bank or such insured branch of the international bank is found or during the price permitted by the regulations for the State, territory or region where in fact the bank is located, whichever might be greater. [Emphasis Added.]
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