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United States · Bill · S

S. 3093 (101st)

Deposit Insurance Funds Flexibility Act of 1990

openUnited States· United States Congress· EN

Introduced

24 September 1990

Last action

26 September 1990 · Committee

Status

Committee on Banking. Hearings held. Hearings printed: S.Hrg. 101-1041.

Sponsors

Sen. Riegle, Donald W., Jr. [D-MI], Sen. Garn, E. J. (Jake) [R-UT]

Subjects

Discovery layer

Source updated

26 August 2025

Official sourceDownload fileView documentsShare

Summary

Deposit Insurance Funds Flexibility Act of 1990 - Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation (FDIC) to set assessment rates for insured depository institutions at such times as the FDIC determines in its sole discretion to be appropriate. (Currently such rates must be set annually.) Directs the FDIC to announce any assessment rate changes at least 30 days before the effective date. Eliminates the maximum percentage threshold for the designated reserve ratio. Authorizes the FDIC to determine an assessment rate for Bank Insurance Fund members and Savings Association Insurance Fund members which is appropriate to maintain the statutory designated reserve ratio (or to restore the reserve ratio to the designated reserve ratio within a reasonable time after taking into account certain considerations). Specifies a minimum assessment rate. Permits semiannual assessments. Changes from mandatory to discretionary the authority of the FDIC to prescribe an assessment credit to Bank Insurance Fund members and Savings Association Insurance Fund members if the reserve ratio is expected to exceed the designated reserve ratio for the succeeding year. Authorizes the FDIC to obtain financing through the sale of obligations to the Federal Financing Bank.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 September 1990

    Introduced

    Read twice and referred to the Committee on Banking.

    Source: IntroReferral

  2. 24 September 1990

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 26 September 1990

    Committee

    Committee on Banking. Hearings held. Hearings printed: S.Hrg. 101-1041.

    Source: Committee

Votes

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Versions

Documents

2 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN

    ViewDownloadOpen at official source

  • Introduced in Senate

    summary · EN · 24 September 1990

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

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Sources

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