Citizen Assistance Relief Effort Act of 1991

[AI summary unavailable — showing source text] Citizen Assistance Relief Effort Act of 1991 - Directs the Secretary of the Treasury to establish and implement an emergency loan assistance program for the purpose of providing financial institution assistance loans to States in which: (1) depositors cannot access their account funds for certain periods due to the simultaneous insolvency of more than one-third of the State's financial institutions; and (2) the Governor has declared a bank holiday due to the insolvency of a non-Federal deposit insurance fund responsible for insuring deposits at certain financial institutions. Sets forth participation requirements including: (1) the submission of a State comprehensive financial institution reorganization plan which meets the Secretary's approval; and (2) obtaining Federal deposit insurance by a financial institution that has resumed business as a result of receiving State emergency loan assistance. Authorizes appropriations.…