Savings and Loan Simplification Act of 1990

[AI summary unavailable — showing source text] Savings and Loan Simplification Act of 1990 - Title I: Savings and Loan Simplification - Abolishes the Resolution Trust Corporation (RTC) Oversight Board. Amends the Federal Home Loan Bank Act to declare that the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) plus two independent members appointed by the President, shall be the Board of Directors of the Resolution Trust Corporation. Requires the RTC to submit periodic financing reports to the Secretary of the Treasury. Abolishes the Federal Housing Finance Board and transfers its responsibilities to the Board of Governors of the Federal Reserve System, which shall supervise the Federal Home Loan Banks and ensure that they remain adequately capitalized. Abolishes the Office of Thrift Supervision (OTS). Makes the Comptroller of the Currency the supervisor of savings associations with powers previously held by the Director of OTS and not transferred to the Board of Governors of the Federal Reserve System. Amends the Federal Deposit Insurance Act to restructure the Board of Directors of the FDIC, replacing the Director of OTS with the Comptroller of the Currency (as a nonvoting member). Amends the Federal Home L…