Page:United States Statutes at Large Volume 103 Part 1.djvu/237

 PUBLIC LAW 101-73—AUG. 9, 1989 103 STAT. 209 this subparagraph so long as the Bank Insurance Fund reserve ratio is increasing on a calendar year basis; "(II) the rate shall not exceed 0.325 percent; and "(III) the increase in the rate in any 1 year shall not exceed 0.075 percent; and "(v) sufficient to ensure that for each member in each year the assessment shall not be less than $1,000. "(D) ASSESSMENT RATE FOR SAVINGS ASSOCIATION INSUR- ANCE FUND MEMBERS. —The annual sissessment rate for Sav- ings Association Insurance Fund members shall be— "(i) until December 31, 1990, 0.208 percent; "(ii) from January 1, 1991, through December 31, 1993, 0.23 percent; "(iii) from January 1, 1994, through December 31, 1997, 0.18 percent; "(iv) on and after January 1, 1998, 0.15 percent; "(v) on January 1 of a calendar year in which the reserve ratio of the Savings Association Insurance Fund is expected to be less than the designated reserve ratio by determination of the Board of Directors, such rate determined by the Board of Directors to be appro- priate to restore the reserve ratio to the designated reserve ratio within a regisonable period of time, after taking into consideration the expected expenses and income of the Savings Association Insurance Fund, and the effect on insured savings association earnings and capitalization, except that— "(I) from the date of the enactment of the Finan- cial Institutions Reform, Recovery, and Enforce- ment Act of 1989 through December 31, 1994, the rate shall be as specified in clauses (i), (ii), and (iii) above; "(II) the rate shall not exceed 0.325 percent; and "(III) the increase in the rate in any one year shall not exceed 0.075 percent; and "(vi) sufficient to ensure that for each member in each year the assessment shall not be less than $1,000. "(E) FINANCING CORPORATION AND FUNDING CORPORATION ASSESSMENTS. —Notwithstanding any other provision of this paragraph, amounts assessed by the Financing Corporation and the Funding Corporation under sections 21 and 21B, respectively, of the Federal Home Loan Bank Act against Savings Association Insurance Fund members, shall be sub- tracted from the amounts authorized to be assessed by the Corporation under this paragraph. "(F) SPECIAL RULE TO ALLOW CONTINUING ASSESSMENTS BY THE FINANCING CORPORATION AND THE FUNDING CORPORA- TION DURING PREMIUM YEAR ADJUSTMENTS. —In Order tO ensure that the Financing Corporation and the Resolution Funding Corporation obtain sufficient funds for interest payments on obligations of such corporations, the Corpora- tion, in coordination with the Financing Corporation and the Secretary of the Treasury, may prescribe such regulations as may be necessary to allow the Financing Corporation and the Resolution Funding Corporation to impose assessments against Savings Association Insurance

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