Unclaimed Deposits Amendments Act of 1993

Summary

Unclaimed Deposits Amendments Act of 1993 - Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation (FDIC), in its capacity as receiver, to offer to transfer certain unclaimed insured deposits to the custody of the appropriate State authority for disposition according to its abandoned property laws (thus precluding the inadvertent forfeiture of long-term certificates of deposits by owners who were unaware of the need to file a claim against the failed institution). Provides for such a transfer when a State accepts the offer. Requires the FDIC, if a State rejects such an offer, to permit a depositor to make a claim against the FDIC until the receivership ends. Applies such disposition procedures retroactively to deposits in institutions closed after January 1, 1989 (except for certain institutions in closed receiverships). Directs the FDIC and the Resolution Trust Corporation to establish procedures for refiling claims by depositors who inadvertently forfeited their insured deposits.

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Documents

14 official files

• Public Law (PDF)

  Public Law · EN · 29 June 1993

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• Enrolled Bill (text)

  Enrolled Bill · EN · 9 June 1993

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• Enrolled Bill (PDF)

  Enrolled Bill · EN · 9 June 1993

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• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN · 27 May 1993

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• Engrossed Amendment Senate (PDF)

  Engrossed Amendment Senate · EN · 27 May 1993

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• Passed Senate amended

  summary · EN · 27 May 1993

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• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 11 March 1993

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• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 11 March 1993

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• Engrossed in House (text)

  Engrossed in House · EN · 2 March 1993

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• Engrossed in House (PDF)

  Engrossed in House · EN · 2 March 1993

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• Passed House amended

  summary · EN · 2 March 1993

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• Introduced in House (text)

  Introduced in House · EN · 16 February 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 16 February 1993

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• Introduced in House

  summary · EN · 16 February 1993

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