PREVENTION OF INSOLVENCIES.

SEC. 408. PREVENTION OF INSOLVENCIES. Before the end of the 6-month period beginning on the date of the enactment of this Act, the Federal Home Loan Bank Board shall submit a report to the Congress containing— (1) a detailed description of the steps the Board has taken and is planning to take to prevent additional failures of thrift institutions; and (2) such recommendations for legislation as the Board may determine to be appropriate.