To abolish the Office of the Director of Thrift Supervision and transfer the functions of such Office relating to Federal savings associations to the Comptroller of the Currency, the functions relating to State savings association to the Federal Deposit Insurance Corporation, and the functions relating to savings and loan holding companies to the Board of Governors of the Federal Reserve System, and for other purposes.
Title I: Office of Thrift Supervision Abolished and Functions Transferred - Savings Association Regulatory Restructuring Act of 1990 - Abolishes the Office of Thrift Supervision and the position of Director of the Office of Thrift Supervision.
Amends the Home Owners' Loan Act to confer regulatory responsibility upon: (1) the Comptroller of the Currency for Federal savings associations; and (2) the Federal Deposit Insurance Corporation (FDIC) for State savings associations.
Transfers to the Federal Reserve Board regulatory supervision over savings and loan holding companies.
Amends the Federal Deposit Insurance Act to require Federal banking agencies to develop jointly and prescribe uniform accounting procedures, reporting systems, and capital standards for all entities under their jurisdictions.
Title II: Transfers of Personnel and Property - Prescribes guidelines for the transfer of personnel and property from the Office of Thrift Supervision to the Comptroller of the Currency, the FDIC and the Board of Governors of the Federal Reserve System. Sets forth rights of transferred employees.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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