Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation, upon such terms and conditions as the Board of Directors of the Corporation may prescribe, to make loans to, purchase the assets or stock of, or make deposits in an insured bank: (1) in order to prevent it from closing or to reopen it; or (2) upon the application of such bank.
Committee on Banking received executive comment from Comptroller of the Currency. Unfavorable.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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