To amend the Federal Deposit Insurance Act to provide for the recapitalization of the Bank Insurance Fund by requiring additional deposits in such fund by insured banks.
Bank Account Safety and Soundness Act of 1991 - Amends the Federal Deposit Insurance Act to require each Bank Insurance Fund member to maintain within the Fund a deposit equal to one percent of the member's total deposits.
Mandates that the certified statements required to be filed annually by such members include the total deposits held and the amount of deposit in the Bank Insurance Fund.
Increases the amount of the Bank Insurance Fund's designated reserve ratio.
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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