Savings Association Regulatory Restructuring Act of 1990

Summary

Title I: Office of Thrift Supervision Abolished and Functions Transferred - Savings Association Regulatory Restructuring Act of 1990 - Abolishes the Office of Thrift Supervision and the position of Director of the Office of Thrift Supervision. Amends the Home Owners' Loan Act to confer regulatory responsibility upon: (1) the Comptroller of the Currency for Federal savings associations; and (2) the Federal Deposit Insurance Corporation (FDIC) for State savings associations. Transfers to the Federal Reserve Board regulatory supervision over savings and loan holding companies. Amends the Federal Deposit Insurance Act to require Federal banking agencies to develop jointly and prescribe uniform accounting procedures, reporting systems, and capital standards for all entities under their jurisdictions. Title II: Transfers of Personnel and Property - Prescribes guidelines for the transfer of personnel and property from the Office of Thrift Supervision to the Comptroller of the Currency, the FDIC and the Board of Governors of the Federal Reserve System. Sets forth rights of transferred employees.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 13 March 1990

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