H.R.4234 - Credit Availability Act102nd Congress (1991-1992)
|Sponsor:||Rep. LaFalce, John J. [D-NY-32] (Introduced 02/18/1992)|
|Committees:||House - Banking, Finance, and Urban Affairs|
|Latest Action:||House - 03/31/1992 Subcommittee Hearings Held. (All Actions)|
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Summary: H.R.4234 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (02/18/1992)
Credit Availability Act - Amends the Home Owners' Loan Act to postpone until after December 31, 1996, the requirement that capital standards for savings associations be no less stringent than those for national banks.
Mandates that the leverage limit for a savings association shall maintained, until January 1, 1997, at a core capital that is equal to (currently, not less than) three percent of its total assets.
Declares that, until January 1, 1997, certain risk-based capital requirements shall be 90 percent of the risk-based capital requirements applicable to national banks.
Outlines the eligibility criteria under which the Director of the Office of Thrift Supervision may grant exemptions from the statutory capital standards for savings associations.