Resolution Trust Corporation Funding Act of 1991

Summary

Resolution Trust Corporation Funding Act of 1991 - Amends the Federal Home Loan Bank Act to authorize additional funding to the Resolution Trust Corporation (RTC) to cover losses in resolving thrift institutions. Prohibits the obligation of such funds after FY 1991. Requires the Oversight Board to transmit to specified congressional committees: (1) RTC's audited financial statements within 180 days after the end of the fiscal year to which those audits apply; and (2) a detailed financial operating plan by the beginning of each calendar quarter. Outlines plan contents. Requires the Director of the Office of Thrift Supervision to deliver to the Oversight Board on a quarterly basis a list of savings associations in danger of default. States that whenever agency reports are not provided timely to the Congress, the President of the Oversight Board and the head of the responsible agency shall testify before certain congressional committees about the causes and the remedial steps taken with respect to the reporting delinquency. Amends the Federal Home Loan Bank Act and the Federal Deposit Insurance Act to provide that officials of the RTC, the Oversight Board, and the Federal Deposit Insurance Corporation are not subject to personal civil liability under the Securities Act of 1933 for asset disposition activities undertaken within the scope of their employment. Amends the Federal Home Loan Bank Act to authorize the RTC and the Oversight Board to indemnify any of their personnel (including FDIC personnel) who perform services for them.

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Documents

9 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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• Enrolled Bill (text)

  Enrolled Bill · EN

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• Engrossed Amendment House (text)

  Engrossed Amendment House · EN

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• Public Law (PDF)

  Public Law · EN · 24 March 1991

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• Conference report filed in House

  summary · EN · 19 March 1991

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• Passed House amended

  summary · EN · 13 March 1991

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• Passed Senate amended

  summary · EN · 7 March 1991

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• Introduced in Senate

  summary · EN · 14 February 1991

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