Federal Savings and Loan Insurance Corporation and Financial Regulations Act

[AI summary unavailable — showing source text] Federal Savings and Loan Insurance Corporation and Financial Regulations Act - Title I: Emergency Acquisition - Financial Institutions Emergency Acquisitions Amendments of 1986 - Amends the Garn-St Germain Depository Institutions Act of 1982 to extend until October 1, 1989, the Deposit Insurance Flexibility Act and the Net Worth Certificate Act. Amends the Federal Deposit Insurance Act to revise provisions governing interstate acquisitions of troubled banks involving Federal Deposit Insurance Corporation (FDIC) financial assistance. Reduces from $500,000,000 to $250,000,000 the minimum total asset requirement of a closed bank or a bank in danger of closing (as certified by the appropriate Federal or State chartering authority) which may be acquired by an out-of-State bank or holding company. Authorizes an out-of-State bank or holding company to: (1) acquire a holding company that controls insured bank subsidiaries which hold assets equal to at least $250,000,000, represent a third or more of the total assets of all bank subsidaries of such holding company, and are in danger of closing; (2) acquire such subsidiaries and affiliated banks; or (3) establish newly chartered banks in the…