HR 1592 · 101th Congress · Finance and Financial Sector

Thrift Institution Capital Enhancement Act of 1989

Introduced 1989-03-23· Sponsored by Del. Fauntroy, Walter E. [D-DC-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1989-04-01)

Plain Language Summary

[AI summary unavailable — showing source text] Thrift Institution Capital Enhancement Act of 1989 - Amends the Bank Holding Company Act of 1956 to allow a bank holding company to acquire the shares of a thrift institution: (1) that has an amount of regulatory capital equal to less than three percent of the total liabilities of such institution; or (2) pursuant to the emergency acquisition provisions of the National Housing Act. Amends the National Bank Act to allow national banks to acquire the shares of a thrift institution that has an amount of regulatory capital equal to less than three percent of the total liabilities of such institution. Prohibits the Federal Reserve Board from imposing on a bank holding company which purchases shares in such a thrift institution any limitations relating to the extent such bank holding company may: (1) increase the number of branches of any insured institution subsidiary; (2) allow insured institution subsidiaries to offer or market the products or services of bank subsidiaries; (3) consolidate certain functions; (4) allow the use of the same name or logo by bank and insured institution subsidiaries; or (5) allow transactions between insured institution subsidiaries and other affiliates of…

Summarized by Claude AI · Non-partisan · For informational purposes only