Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation, in order to reopen a closed bank, to prevent a closing, or upon the application of an insured bank, to make loans to, or purchase the assets or stock of, or make deposits in, such insured bank, upon such terms and conditions that the Board of Directors of the Corporation may prescribe.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Introduced in Senate
Read second time and referred to Senate Committee on Banking.
Committee on Banking requested executive comment from Federal Reserve System; Federal Deposit Insurance Corporation; Office of the Comptroller of the Currency.
Committee on Banking received executive comment from Federal Deposit Insurance Corporation.
Committee on Banking received executive comment from Comptroller of the Currency. Unfavorable.
Committee on Banking received executive comment from Comptroller of the Currency. Unfavorable.
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