Federal Deposit Insurance Reform Conforming Amendments Act of 2005

Summary

Federal Deposit Insurance Reform Conforming Amendments Act of 2005 - Amends the Federal Deposit Insurance Act to make technical and conforming amendments relating to: (1) government deposits; (2) insurance of trust funds; (3) insurance logo for insured depository institutions and insured credit unions; and (4) the credit union share insurance fund. Sets forth technical and conforming amendments relating to: (1) assessments and repeal of special rules relating to minimum assessments and free deposit insurance; (2) replacement of a fixed designated reserve ratio with a reserve range; and (3) merger of the Bank Insurance Fund (BIF) and the Savings Association Insurance Fund (SAIF) into the Deposit Insurance Fund (DIF). Establishes the DIF. Prescribes guidelines for borrowing for the DIF from insured depository institutions and Federal Home Loan Banks. Requires reports to Congress on: (1) refunds, dividends, and credits from the DIF; (2) the Federal Deposit Insurance Corporation (FDIC) structure and expenses and certain activities and further possible changes to the deposit insurance system; and (3) a biannual FDIC survey of efforts by insured depository institutions to bring those individuals and families who have rarely, if ever, held a checking account, a savings account, or other type of transaction or check cashing account at an insured depository institution (the unbanked) into the conventional finance system. Amends the following Acts relating to the merger of the BIF and SAIF to reflect the changes made by this Act: (1) the Revised Statutes of the United States; (2) the Federal Reserve Act; (3) the Federal Home Loan Bank Act; (4) the Home Owners' Loan Act; (5) the National Housing Act; (6) the Financial Institutions Reform, Recovery, and Enforcement Act of 1989; (7) the Gramm-Leach-Bliley Act; and (8) the Bank Holding Company Act of 1956.

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Documents

13 official files

• Enrolled Bill (text)

  Enrolled Bill · EN

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• Enrolled Bill (PDF)

  Enrolled Bill · EN

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• Public Law (text)

  Public Law · EN · 15 February 2006

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• Public Law (PDF)

  Public Law · EN · 15 February 2006

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• Public Law

  summary · EN · 15 February 2006

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• Passed Senate without amendment

  summary · EN · 22 December 2005

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• Engrossed in House (text)

  Engrossed in House · EN · 20 December 2005

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• Engrossed in House (PDF)

  Engrossed in House · EN · 20 December 2005

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• Received in Senate (text)

  Received in Senate · EN · 19 December 2005

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• Received in Senate (PDF)

  Received in Senate · EN · 19 December 2005

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• Considered and Passed House (text)

  Considered and Passed House · EN · 18 December 2005

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• Considered and Passed House (PDF)

  Considered and Passed House · EN · 18 December 2005

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• Introduced in House

  summary · EN · 18 December 2005

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