Page:United States Statutes at Large Volume 103 Part 1.djvu/292

 103 STAT. 264 PUBLIC LAW 101-73 —AUG. 9, 1989 •}ppf^ ' f' "(E) a current estimate of the resources needed for the Bank Insurance Fund, the Savings Association Insurance Fund, or the FSLIC Resolution Fund to achieve the pur- poses of this Act; and "(F) any findings, conclusions, and recommendations for legislative and administrative actions considered appro- priate to future resolution activities by the Corporation. "(2) MANNER OF SUBMISSION. —Such report shall be submitted to the President of the Senate and the Speaker of the House of Representatives, who shall cause the same to be printed for the information of Congress, and the President as soon as prac- ticable after the first day of January each year."; (2) by redesignating subsections (b), (c), and (d) as (e), (0, and (g), respectively; and (3) by inserting after subsection (a) the following new subsec- tions: "(b) QUARTERLY REPORTS TO TREASURY. — "(1) FINANCIAL OPERATING PLANS AND FORECASTS. —Before the f- beginning of each fiscal quarter, the Corporation shall provide to the Secretary of the Treasury a copy of the Corporation's financial operating plans and forecasts. "(2) FINANCIAL CONDITION AND REPORTS OF OPERATIONS.— AS soon as practicable after the end of each fiscal quarter, the Corporation shall submit to the Secretary of the Treasury a copy of the report of the Corporation's financial condition as of the end of such fiscal quarter and the results of the (Corpora- tion's operations during such fiscal quarter. "(3) ITEMS TO BE INCLUDED.— The plans, forecasts, and reports required under this subsection shall reflect the estimates re- quired to be made under section 15(b) of the liabilities and obligations of the Corporation described in such section. "(4) RULE OF CONSTRUCTION.— The requirement to provide plans, forecasts, and reports to the Secretary of the Treasury under this subsection may not be construed as implying any obligation on the part of the Corporation to obtain the consent or approval of such Secretary with respect to such plans, fore- casts, and reports. "(c) REPORTS TO OMB. — "(1) FINANCIAL INFORMATION. —The (Dorporation shall con- tinue to provide to the Director of the Office of Management and Budget financial information consistent with that con- tained in the reports that were being provided to the Director immediately prior to the effective date of the Financial Institu- tions Reform, Recovery, and Enforcement Act of 1989. . "(2) FINANCIAL OPERATING PLANS AND FORECASTS. — The (Cor- poration shall also provide to the Director copies of the (Corpora- tion's financial operating plans and forecasts as prepared by the (Corporation in the ordinary course of its operations, and copies of the quarterly reports of the (Corporations financial condition and results of operations as prepared by the Corporation in the ordinary course of its operations. "(3) RULE OF CONSTRUCTION.— Th is subsection may not be construed as implying any obligation on the part of the (Corpora- tion to consult with or obtain the consent or approval of the Director with respect to any reports, plans, forecasts, or other information referred to in paragraph (1) or (2) or any jurisdic-

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