A bill to increase the limitation on the amount of outstanding obligations of the Financing Corporation, impose a limitation on the amount of outstanding promissory notes issued by the Federal Savings and Loan Insurance Corporation, and for other purposes.
Federal Savings and Loan Insurance Corporaton Recapitalization Amendments of 1988 - Amends the Federal Home Loan Bank Act to increase the limitation on outstanding obligations of the Financing Corporation.
Repeals the annual limitation on net new borrowing by the Corporation after its first year.
Amends the National Housing Act to limit the aggregate outstanding balance on promissory notes issued by the Federal Savings and Loan Insurance Corporation (FSLIC).
Expresses the sense of the Congress that the Federal Home Loan Bank Board should rely primarily on raising funds through the Financing Corporation to provide assistance through the FSLIC to resolve cases of failed or failing thrift institutions.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
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