Federal Deposit Insurance Corporation Improvement Act of 1991
E84904
The Federal Deposit Insurance Corporation Improvement Act of 1991 is a U.S. banking law enacted in response to the savings and loan crisis that strengthened federal bank supervision, imposed prompt corrective action for troubled institutions, and enhanced the safety and soundness of the deposit insurance system.
Aliases (1)
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
→
banking law → |
| abbreviation |
FDICIA
→
|
| addresses |
too-big-to-fail policy concerns
→
|
| aimsTo |
enhance safety and soundness of the deposit insurance system
→
limit losses to the deposit insurance fund → strengthen federal bank supervision → |
| amends |
Federal Deposit Insurance Act
→
Federal Deposit Insurance Corporation charter provisions → |
| country |
United States
→
|
| creates |
system of capital categories for banks
→
|
| defines |
adequately capitalized bank category
→
critically undercapitalized bank category → significantly undercapitalized bank category → undercapitalized bank category → well capitalized bank category → |
| enactedInResponseTo |
savings and loan crisis
→
|
| enhances |
FDIC enforcement authority
→
FDIC supervisory powers → |
| establishes |
prompt corrective action framework
→
|
| focusesOn |
minimizing losses to the Deposit Insurance Fund
→
|
| grantsPowerTo |
Federal Deposit Insurance Corporation
→
|
| imposes |
capital-based supervisory standards
→
restrictions on activities of undercapitalized banks → restrictions on brokered deposits for troubled institutions → |
| legislativeBody |
United States Congress
→
|
| limits |
use of taxpayer funds to protect uninsured creditors
→
|
| policyArea |
banking regulation
→
financial regulation → financial stability → |
| primarySubject |
bank safety and soundness
→
deposit insurance → federal bank supervision → |
| regulates |
depository institutions
→
insured banks → savings associations → |
| requires |
annual independent audits for large insured institutions
→
early intervention in troubled banks → expanded reporting to regulators → least-cost resolution of failed banks → management reports on internal controls for certain institutions → prompt corrective action for undercapitalized institutions → risk-based deposit insurance assessments → |
| shortName |
FDIC Improvement Act of 1991
→
|
| strengthens |
interagency coordination among federal banking regulators
→
|
| strengthensAuthorityOf |
Federal Deposit Insurance Corporation
→
|
| timePeriod |
early 1990s United States financial reforms
→
|
Referenced by (2)
| Subject (surface form when different) | Predicate |
|---|---|
|
Community Reinvestment Act
→
|
amendedBy |
|
Federal Deposit Insurance Corporation Improvement Act of 1991
("FDIC Improvement Act of 1991")
→
|
shortName |