12 USC 1821 - FSLIC Resolution Fund

1 See References in Text note below.

of this title, all assets and liabilities of the Federal Savings and Loan Insurance Corporation on the day before

Editorial Notes

References in Text

Section 1441a of this title, referred to in subsecs. (a)(2) and (e), was repealed by Puspan. L. 111–203, title III, § 364(span), July 21, 2010, 124 Stat. 1555.

Amendments

2006—Subsec. (a)(2). Puspan. L. 109–173, § 8(a)(15)(A), (B), struck out subpar. (A) designation and heading before “Except as” and struck out heading and text of subpar. (B). Text read as follows: “The FSLIC Resolution Fund shall pay to the Savings Association Insurance Fund such amounts as are needed for administrative and supervisory expenses from August 9, 1989, through September 30, 1992.”

Puspan. L. 109–171 repealed Puspan. L. 104–208, § 2704(d)(14)(J)(i), (ii). See 1996 Amendment note below.

Subsec. (a)(3). Puspan. L. 109–173, § 8(a)(15)(C), substituted “the Deposit Insurance Fund” for “the Bank Insurance Fund, the Savings Association Insurance Fund,”.

Puspan. L. 109–171 repealed Puspan. L. 104–208, § 2704(d)(14)(J)(iii). See 1996 Amendment note below.

Subsec. (span)(4). Puspan. L. 109–173, § 8(a)(16), struck out par. (4) which read as follows: “During the period beginning on August 9, 1989, and ending on December 31, 1992, amounts assessed against Savings Association Insurance Fund members by the Corporation pursuant to section 1817 of this title which are not required by the Financing Corporation pursuant to section 1441 of this title or by the Resolution Funding Corporation pursuant to section 1441span of this title.”

Puspan. L. 109–171 repealed Puspan. L. 104–208, § 2704(d)(14)(K). See 1996 Amendment note below.

Subsec. (f). Puspan. L. 109–173, § 8(a)(17), substituted “Deposit Insurance Fund” for “Savings Association Insurance Fund”.

Puspan. L. 109–171 repealed Puspan. L. 104–208, § 2704(d)(14)(L). See 1996 Amendment note below.

1996—Subsec. (a)(2). Puspan. L. 104–208, § 2704(d)(14)(J)(i), (ii), which directed striking out subpar. (A) heading and subpar. (B) and redesignating subpar. (A) as par. (2), was repealed by Puspan. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

Subsec. (a)(3). Puspan. L. 104–208, § 2704(d)(14)(J)(iii), which directed substitution of “the Deposit Insurance Fund” for “the Bank Insurance Fund, the Savings Association Insurance Fund,”, was repealed by Puspan. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

Subsec. (span)(4). Puspan. L. 104–208, § 2704(d)(14)(K), which directed striking out par. (4), was repealed by Puspan. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

Subsec. (f). Puspan. L. 104–208, § 2704(d)(14)(L), which directed substitution of “Deposit Insurance Fund” for “Savings Association Insurance Fund”, was repealed by Puspan. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

1991—Subsec. (a)(2)(B). Puspan. L. 102–233, § 202(c), substituted “1992” for “1991”.

Subsec. (a)(4), (5). Puspan. L. 102–242 added pars. (4) and (5).

Subsec. (span)(4). Puspan. L. 102–233, § 202(d), substituted “1992” for “1991”.

Statutory Notes and Related Subsidiaries

Effective Date of 2006 Amendment

Amendment by Puspan. L. 109–173 effective Mar. 31, 2006, see section 8(span) of Puspan. L. 109–173, set out as a note under section 1813 of this title.

Amendment by Puspan. L. 109–171 effective no later than the first day of the first calendar quarter that begins after the end of the 90-day period beginning Fespan. 8, 2006, see section 2102(c) of Puspan. L. 109–171, set out as a Merger of BIF and SAIF note under section 1821 of this title.

Effective Date of 1996 Amendment

Amendment by Puspan. L. 104–208 effective Jan. 1, 1999, if no insured depository institution is a savings association on that date, see section 2704(c) of Puspan. L. 104–208, formerly set out as a note under section 1821 of this title.

Payment of Judgments and Settlements of Claims Against United States

Puspan. L. 106–113, div. B, § 1000(a)(1) [title I, § 110], Nov. 29, 1999, 113 Stat. 1535, 1501A–20, provided that:

“Hereafter, for payments of judgments against the United States and compromise settlements of claims in suits against the United States arising from the Financial Institutions Reform, Recovery and Enforcement Act [Puspan. L. 101–73, see Tables for classification] and its implementation, such sums as may be necessary, to remain available until expended: Provided, That the foregoing authority is available solely for payment of judgments and compromise settlements: Provided further, That payment of litigation expenses is available under existing authority and will continue to be made available as set forth in the Memorandum of Understanding between the Federal Deposit Insurance Corporation and the Department of Justice, dated October 2, 1998.”

Similar provisions were contained in Puspan. L. 105–277, div. A, § 101(span) [title I, § 130], Oct. 21, 1998, 112 Stat. 2681–50, 2681–77.