Federal Deposit Insurance Corporation Improvement Act

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Federal Deposit Insurance Corporation Improvement Act

Commonly abbreviated FIDCIA. Legislation in the United States, passed in 1991, that allowed the FDIC to borrow from the United States Treasury in order to save or to liquidate savings and loan associations that were deemed to be in danger of insolvency. It required the FDIC to handle these S&Ls in the least expensive way possible. See also: Bailout Bond.

References in periodicals archive ?

"An Exploratory Empirical Analysis of the Impact of the Federal Deposit Insurance Corporation Improvement Act of 1991 on Bank Failures in the United States," Applied Financial Economics, pp.

Determinants of the rate of return on S&L assets: 1970-97

As described in detail below, the Federal Deposit Insurance Corporation Improvement Act of 1991 places restraints on discount window lending to institutions that do not meet minimum capital standards.

Recent developments in discount window policy

As a result, one of the provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991, signed into law by the president last December, is elimination of the retroactive impact of Lampf.

Securities law statute of limitations ruling overturned

(1.) The Financial Institutions Reform, Recovery and Enforcement Act of 1989 contains the 1989 amendments to HMDA; the Federal Deposit Insurance Corporation Improvement Act of 1991 contains the 1991 amendments.

Residential lending to low-income and minority families: evidence from the 1992 HMDA data

The expansion in coverage of mortgage companies came with FIRREA and with the amendments to HMDA in the Federal Deposit Insurance Corporation Improvement Act of 1991.

Statement by Lawrence B. Lindsey, Member, Board of Governors of the Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, November 4, 1993

We saw change as a constructive response, and, while we were prepared to implement the change by adapting our regulations, we cooperated with this committee, which chose to amend our discount window procedures as part of the Federal Deposit Insurance Corporation Improvement Act of 1991.

Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, October 13, 1993

In the Board's statements during the drafting of and debate about the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), the Board supported the principle of expanded activities only for strongly capitalized banks.

Statement by John P. LaWare, Member, Board of Governors of the Federal Reserve System, before the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance of the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, June 22, 1993

1989 (FIRREA), the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), and the evidence of restrained lending by banks.

To provide further guidance in this area to banks and examiners and to respond to requirements of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), the Board has developed a proposal for measuring interest rate risk in the context of the Basle Accord and earlier this week approved its publication for public comment.

Statement to the Congress

At the end of the third quarter of 1992, only one of the District's 1,200 failed to meet the "adequately capitalized" requirement under the prompt corrective action provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA).

Statement by Thomas C. Melzer, President, Federal Reserve Bank of St. Louis, before the Committee on Banking, Housing and Urban Affairs, U.S. Senate, March 10, 1993

Indeed, the Federal Reserve Board supports both the Basle standards and the prompt corrective action zones of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA).

Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Committee on Small Business, U.S. House of Representatives, March 25, 1993

I am pleased to be here to discuss regulatory burden and particularly the study of this subject that the Federal Financial Institutions Examination Council (FFIEC) conducted last year in response to section 221 of the Federal Deposit Insurance corporation Improvement Act of 1991 (FDICIA).

Statement by John P. LaWare, Chairman, Federal Financial Institutions Examination Council and Member, Board of Governors of the Federal Reserve System, before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, February 18, 1993