Financing Corporation and Savings Association Insurance Fund Restoration Act of 1995

Summary

Financing Corporation and Savings Association Insurance Fund Restoration Act of 1995 - Amends the Federal Deposit Insurance Act (FDIA) to repeal the prerequisite that the Chairperson of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) make specified certifications to the Congress as a condition for making available to the Savings Association Insurance Fund (SAIF) certain funds that had been appropriated to the Resolution Trust Corporation but were not expended by it. Amends the Federal Home Loan Bank Act to mandate that the FDIC make amounts transferred from the SAIF available to the Financing Corporation (FICO) to cover the interest payments, issuance costs, and custodial fees on FICO obligations. Amends the FDIA to repeal the minimum assessments requirements for a deposit insurance fund risk-based assessment system. Amends the Federal Home Loan Bank Act to include within FICO's assessment authority specified SAIF members and Bank Insurance Fund members whose deposits are treated as insured by the SAIF.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 April 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 7 April 1995

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• Introduced in House

  summary · EN · 7 April 1995

  Open at official source

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