Federal Uninsured Deposits Limitations Act of 1990

Summary

Federal Uninsured Deposits Limitations Act of 1990 - Amends the Federal Deposit Insurance Act to prohibit the Federal Deposit Insurance Corporation (FDIC) from taking certain actions except to satisfy its obligations to insured depositors at the lowest cost possible to the affected deposit insurance Fund. Includes among such actions expending money from either the Bank Insurance Fund or Savings Association Insurance Fund or assuming or guaranteeing any liability. Prohibits the FDIC from committing itself to specified financial assistance which would have the effect of preventing loss to depositors on the uninsured portion of their deposits. Directs the General Accounting Office to audit annually FDIC compliance with this Act.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 18 October 1990

  Open at official source

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