Regulatory Flexibility and Expanded Powers Act of 1981

[AI summary unavailable — showing source text] Regulatory Flexibility and Expanded Powers Act of 1981 - Title I: Financially Distressed Depository Institutions - Amends the Federal Deposit Insurance Act to permit the Federal Deposit Insurance Corporation, whenever severe financial conditions exist which threaten the stability of a significant number of insured banks, to make loans to, purchase the assets of, or make deposits in any insured bank if it is probable such action will substantially reduce the risk of loss or avert a threatened loss to the Corporation. Permits the Corporation to make loans to reduce the risk of loss or avert a threatened loss to the Corporation, to an insured bank or an association or bank insured by the Federal Savings and Loan Insurance Corporation. Includes any lending costs for the calendar year within the definition of the "net assessment income" of the Corporation. Amends the Bank Holding Company Act of 1956 to permit the Board of Governors of the Federal Reserve to waiver certain notice and hearing requirements concerning interests in nonbanking organizations if the Board finds that an emergency exists. Includes within the definitions of "thrift institution" a Federal stock savings bank or savi…