Deposit Insurance Flexibility Act

[AI summary unavailable — showing source text] Deposit Insurance Flexibility Act - Title I: Federal Deposit Insurance Corporation Amendments - Amends the Federal Deposit Insurance Act to authorize the Federal Deposit Insurance Corporation (FDIC) to make loans to, make deposits in, purchase the assets or securities of, assume the liabilities of, or make contributions to, any insured bank if such action is taken: (1) to prevent the bank's closing; (2) to restore a closed insured bank; or (3) to lessen the risk to the Corporation posed by an insured bank under the threat of instability due to severe financial conditions. Authorizes the Corporation, in order to facilitate a merger or consolidation of an insured bank or the sale of assets of such insured bank and the assumption of its liabilities, or the acquisition of its stock, to: (1) purchase any such assets or assume such liabilities; (2) make loans or contributions to, or deposits in, or purchase the securities of, such institution; (3) guarantee it or the company which controls or will acquire control of it against loss by reason of merging or consolidating; or (4) do any combination of the above. Requires the Corporation, in its annual report to Congress, to report the total…