Thrift Charter Enhancement Act of 1988

[AI summary unavailable — showing source text] Thrift Charter Enhancement Act of 1988 - Amends the National Housing Act to increase the limit on the aggregate amount of transaction or service agreements allowed between affiliated federally insured thrift institutions without the prior approval of the Federal Savings and Loan Insurance Corporation (FSLIC) in cases of GAAP-qualified insured institutions. Increases such limit from the lesser of to the greater of $100,000 or 0.1 percent of the thrift institution's total assets, not to exceed a maximum of $2,000,000 for transactions and $1,000,000 for service agreements. Defines a "GAPP-qualified insured institution" as an institution: (1) whose capital equals or exceeds the greater of four percent of total assets or the minimum capital level prescribed by the FSLIC; and (2) that is not affiliated with an insured institution whose capital is less than three percent of total assets. Exempts an institution from the three percent capital requirements if it: (1) is affiliated due to the acquisition of failed or failing institutions; (2) is solvent under specified accounting standards; (3) has submitted a plan to the FSLIC for increasing capital to equal or exceed three percent within fo…