Summary: H.R.5487 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for H.R.5487. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/06/1988)

Amends the Home Owners' Loan Act of 1933 to require any conservator appointed for a federally insured savings and loan association by the Federal Home Loan Bank Board to notify each insured member whose deposits in such association exceed the amount of available deposit insurance that such member has uninsured deposits.

Amends the National Housing Act to require the Federal Savings and Loan Insurance Corporation, when appointed as the conservator, receiver, or custodian of an association, to notify each insured member whose deposits in such association exceed the amount of available deposit insurance that such member has uninsured deposits.