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.

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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 of America
surface form: 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 Silverado Savings and Loan collapse
surface form: 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 Federal Deposit Insurance Corporation Improvement Act of 1991 self-linksurface differs
surface form: FDIC Improvement Act of 1991
strengthens interagency coordination among federal banking regulators
strengthensAuthorityOf Federal Deposit Insurance Corporation
timePeriod early 1990s United States financial reforms

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Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Community Reinvestment Act amendedBy Federal Deposit Insurance Corporation Improvement Act of 1991
Federal Deposit Insurance Corporation Improvement Act of 1991 shortName Federal Deposit Insurance Corporation Improvement Act of 1991 self-linksurface differs
this entity surface form: FDIC Improvement Act of 1991
Federal Deposit Insurance Act amendedBy Federal Deposit Insurance Corporation Improvement Act of 1991
FDICIA fullName Federal Deposit Insurance Corporation Improvement Act of 1991