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United States · Bill · HR

H.R. 5590 (101st)

Bank Account Safety and Soundness Act of 1990

referredUnited States· United States Congress· EN

Introduced

12 September 1990

Last action

Status

Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Bank Account Safety and Soundness Act of 1990 - Amends the Federal Deposit Insurance Act to require each Bank Insurance Fund member to maintain within the Fund a deposit equal to one percent of the member's total deposits. Mandates that the certified statements required to be filed annually by such members include the total deposits held and the amount of deposit in the Bank Insurance Fund. Increases the amount of the Bank Insurance Fund's designated reserve ratio.

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Documents

2 official files

Introduced in House (text)

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Sources

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