Pub. L. 102-550, tit. XVI, subtit. B, sec. 1613

TECHNICAL CORRECTIONS RELATING TO TITLE HI OF THE RESOLUTION TRUST CORPORATION REFINANCING, RESTRUCTURING, AND IMPROVEMENT ACT OF 1991.

EnactedYear: 1992Length: 1,178 wordsOfficial source
SEC. 1613. TECHNICAL CORRECTIONS RELATING TO TITLE HI OF THE RESOLUTION TRUST CORPORATION REFINANCING, RESTRUCTURING, AND IMPROVEMENT ACT OF 1991. (a) Amendment Relating to Section 302.— (1) Section 302 of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991 is amended by striking subsection (c). (2) Section 21A(k)(6)(A)(vii) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(k)(6)(A)(vii) is amended by inserting “Thrift Depositor Protection” before “Oversight Board’s”. (3) Section 21A(q) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(q)) (as added by section 251(c) of the Federal Deposit Insurance Corporation Improvement Act of 1991 and transferred by section 1614(a)(5)(E) of this subtitle) is amended by inserting “Thrift Depositor Protection” before “Oversight Board” each place such term appears. (4) The heading for section 21A(a)(6) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(6) is amended by striking “Oversight” and inserting “Thrift depositor protection oversight”. (5) The heading for paragraph (8) of subsection (n) of section 21A of the Federal Home Loan Bank Act (12 U.S.C. 1441a) (as such subsection has been redesignated by section 314(3) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is amended by inserting “Thrift depositor protection” before “oversight”. 106 STAT. 4092 (6) The heading for section 21A of the Federal Home Loan Bank Act (12 U.S.C. 1441a) is amended by inserting “thrift depositor protection” before “oversight board.” (7) The headings for sections 21B(c)(8) and 21B(j)(2) of the Federal Home Loan Act (12 U.S.C. 1441b(c)(8) and 1441B(j)(2)) are each amended by inserting “THRIFT DEPOSITOR protection” before “oversight”. (8) The heading for section 21A(q) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(q)) (as added by section 251(c) of the Federal Deposit Insurance Corporation Improvement Act of 1991 and transferred by section 1614(a)(5)(E) of this subtitle) is amended by inserting “thrift depositor protection” before “oversight”. (9) The heading for section 21B(k)(7) of the Federal Home Loan Bank Act (12 U.S.C. 1441b(k)(7) is amended by striking “Oversight” and inserting “Thrift depositor protection oversight”. (b) Amendments Relating to Section 303.— (1) Section 303(2) of the Resolution Trust Corporation Refinancing, Restructuring and Improvement Act of 1991 is amended by striking the comma after “Corporation’)”. (2) Section 21A(a)(2) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(2)) (as amended by section 303(2) of the Resolution Trust Corporation Refinancing, Restructuring and Improvement Act of 1991 and the amendment made by paragraph (1) of this subsection) is amended by striking the 2d period after “Act”. (c) Amendments Relating to Section 305.— (1) Section 21A(a)(6)(C) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(6)(C)) is amended by striking “paragraph (8) of this subsection” and all that follows through the period at the end and inserting “paragraph (8)”. (2) Section 21A(a) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)) is amended by redesignating paragraph (15) as paragraph (16) and inserting after paragraph (14) the following new paragraph: (15) Reports on any modification to any strategy, policy, or goal.—If, pursuant to paragraph (6)(A), the Thrift Depositor Protection Oversight Board requires the Corporation to modify any overall strategy, policy, or goal, such board shall submit, before the end of the 30-day period beginning on the date on which the board first notifies the Corporation of such requirement, to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives an explanation of the grounds which the board determined justified the review and the reasons why the modification is necessary to satisfy any such ground.”. (d) Amendments Relating to Section 307.— (1) Section 2LA(a)(10) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(10)) is amended— (A) by striking “4” and inserting “6”; (B) by adding at the end the following new sentence: “The Thrift Depositor Protection Oversight Board shall maintain a transcript of the board’s open meetings.”; and (C) “Open”. 106 STAT. 4093 (2) Section 21A(c)(10) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(10)) is amended by striking the last sentence (as added by section 307(2) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991). (e) Amendment Relating to Section 311.—Section 21A(b)(8)(A) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(8)(A)) (as amended by section 311 of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is amended by striking “In general.—” and all that follows through the 1st comma and inserting “In general.—Except for the chief executive officer of the Corporation,”. (f) Amendments Relating to Section 314.— (1) Section 21A(a)(8) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(8)) (as amended by section 314(1)(B) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is amended by striking “Authority.— In general.—The Corporation”, and inserting “authority.—The Corporation”. (2) Section 21A(o)(2) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(o)(2)) (as amended by section 314(5) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is amended by striking “includes” and all that follows through “any officer or employee of the Federal Deposit” and inserting “includes any officer or employee of the Federal Deposit”. (g) Amendment Relating to Section 316.—Section 21A(1)(3)(B) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(1)(3)(B)) (as amended by section 316 of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is amended by striking “for that party of the filing” and inserting “for that party or the filing”. (h) Additional Technical Corrections.— (1) Paragraph (9) of section 21A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(9)) (as so redesignated by section 310 of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is amended— (A) in subparagraph (G) (as so redesignated by section 314(2)(B)(i) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991), by striking “(11)(A)(iv)” and inserting “(1)(A)(iv) ”; and (B) in subparagraph (I) (as so redesignated by section 314(2)(B)(i) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991), by striking “through its Board of Directors”. (2) Paragraph (10) of section 21A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(10)) (as so redesignated by section 310 of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is amended— (A) in subparagraph (A), by striking “(10)” and inserting “(9)”; and (B) in subparagraph (A)(i), by striking “(12)” and inserting “(11)”. (3) Paragraph (11)(E)(i) of section 21A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(11)(E)(i)) (as so redesignated by section 310 of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991) is 106 STAT. 4094amended by striking “its” and inserting “the chief executive officer’s”. (4) Section 21A(c)(7) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(cX7)) is amended by striking “(b)(U)(A)” and inserting “(b)(1)(0)(A)”. (5) Section 21A(d)(1)(B)(u) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(d)(1)(B)(u) is amended by striking “paragraph (2)” and inserting “paragraph (3)”. (6) Section 21A(k)(3)(B) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(k)(3)(B)) is amended by striking “sub-section (b)(H)(B)” and inserting “subsection (b)(10)(B)”.