A bill to provide for regional equity in funding resolution of failed savings associations, and for other purposes.

Summary

Amends the Federal Home Loan Bank Act to direct the Resolution Trust Corporation to: (1) determine the aggregate amounts expended in providing assistance for case resolutions during a certain time period for federally insured State savings associations; and (2) apportion those amounts among the States according to a specified formula reflecting their respective contributions to the cost of resolving State-chartered thrifts since 1988 (thus resulting in higher contributions from high-risk States). Requires the Federal Deposit Insurance Corporation to terminate the deposit insurance for State depository institutions located in any State which fails to pay the required contributions.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 August 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 August 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 6 August 1993

  Open at official source

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