Page:United States Statutes at Large Volume 105 Part 2.djvu/810

 105 STAT. 1762 PUBLIC LAW 102-233—DEC. 12, 1991 "(ii) for which a conservator or receiver is appointed after December 31, 1988, and before October 1, 1993 (including any institution described in paragraph (6)).". (b) CONTINUATION OF RTC RECEIVERSHIP OR CONSERVATORSHIP. — Section 21A(b)(6) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(6)) is amended to read as follows: "(6) CONTINUATION OF RTC RECEIVERSHIP OR CONSER- VATORSHIP.— If the Corporation is appointed as conservator or receiver for any insured depository institution described in paragraph (3)(A) before October 1, 1993, and a conservator or receiver is appointed for such institution on or after such date, the Corporation may be appointed as conservator or receiver for such institution on or after October 1, 1993.". SEC. 104. TERMINATION OF FICO BORROWING AUTHORITY. Section 21(e)(2) of the Federal Home Loan Bank Act (12 U.S.C. 1441(e)(2)) is amended to read as follows: "(2) TERMINATION OF BORROWING AUTHORITY. —No obligation of the Financing Corporation shall be issued after the date of enactment of the Resolution Trust Corporation Thrift Depositor Protection Refinance Act of 1991.". SEC. 105. REQUIREMENT TO PAY RTC WORKING CAPITAL DEBT BEFORE TRANSFERRING FUNDS TO REFCORP. Section 21A(o)(2) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(o)(2)) is amended by inserting after "Thereafter" the following: ", if there are no liabilities of the Corporation outstanding,". SEC. 106. RTC REPORTS ON ASSET SALES, LOANS SECURED BY ASSETS, BUDGETS, AND OTHER MATTERS. (a) QUARTERLY REPORTS.— Section 21A(k)(7) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(k)(7)) is amended to read as follows: "(7) QUARTERLY REPORTS. —Not later than May 31, August 31, November 30, and the last day of February of each year, the Corporation shall submit a report to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing the following information for the quarter ending on the last day of the month ending before the month in which such report is required to be submitted: "(A) ASSET SALES. —The report shall contain the following information with respect to assets of institutions described in subsection (b)(3)(A) which were disposed of by the Corporation during the quarter covered by the report: "(i) The total amount of the actual sales of assets during the quarter. "(ii) The value of the assets as determined on the basis of the amount at which each such asset was accounted for on the books of the institution. "(iii) The fair market value of the assets as estimated by the Corporation for purposes of securing amounts borrowed from the Federal Financing Bank by the Corporation. "(iv) The net recovery on asset sales during the quarter. "(v) A subtotal of the value of the assets disposed of during the quarter in each of the following categories:

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