Resolution Trust Corporation Funding Act

Summary

Resolution Trust Corporation Funding Act of 1990 - Amends the Federal Home Loan Bank Act to direct the Secretary of the Treasury to make monies available to the Resolution Trust Corporation (RTC) with respect to 1988 cases until January 31, 1993, to modify or restructure agreements whenever the Oversight Board determines that such expenditures would result in net savings over time. Directs the Secretary to make additional monies available to the RTC to cover losses in resolving thrift institutions and for administrative expenses. Modifies the formula used to compute the maximum amount of RTC outstanding obligations to acquire working capital.

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Documents

4 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN

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• Engrossed in Senate (text)

  Engrossed in Senate · EN

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• Passed Senate amended

  summary · EN · 28 October 1990

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• Introduced in Senate

  summary · EN · 19 October 1990

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