Thrift Charter Enhancement Act of 1988

[AI summary unavailable — showing source text] Thrift Charter Enhancement Act of 1988 - Title I: Amendments Affecting Federally Chartered and De Novo Associations - Amends the Home Owners' Loan Act of 1933 to allow a federally chartered savings and loan association or savings bank to increase the aggregate amount of its commercial loans from ten percent of assets to 20 percent of assets if it has maintained reserves at a level equal to or greater than those required by the Federal Home Loan Bank Board (Board) in three of the preceding four calendar quarters. Increases the amount of the aggregate investment permissible by federally chartered savings and loan associations in service corporations from three percent of assets to four percent of assets. Allows the investment of an additional one percent of assets primarily for community, inner city, or community development purposes. Allows associations that have acquired, directly or through an affiliate, a failed or failing insured institution pursuant to the National Housing Act to invest an additional five percent of assets in service corporations. Increases the amount an association may invest in any small business investment company from one percent of assets to the greater of…