Deposit Insurance Reform and Competitive Enhancement Act

[AI summary unavailable — showing source text] Deposit Insurance Reform and Competitive Enhancement Act - Title I: Emergency Acquisitions - Financial Institutions Emergency Acquisitions Amendments of 1986 - Amends the Garn-St Germain Depository Institutions Act of 1982 to extend until October 15, 1988, the Deposit Insurance Flexibility Act and the Net Worth Certificate Act. Repeals, effective April 15, 1991: (1) provisions of the Bank Holding Company Act of 1956 which exempt as a prohibited bank holding company activity any insurance activity approved for or conducted by a holding company on or before May 1, 1982; and (2) the amendments made by the remainder of this title. Amends the Federal Deposit Insurance Act to revise provisions governing interstate acquisitions of troubled banks involving Federal Deposit Insurance Corporation (FDIC) financial assistance. Requires the appropriate Federal banking agency to notify and consult with the FDIC when such agency is informed that an out-of-State bank or holding company is considering acquiring an insured bank with total assets of $250,000,000 or more that is in danger of closing. Reduces from $500,000,000 to $250,000,000 the minimum total asset requirement of a closed bank or a ban…