Page:United States Statutes at Large Volume 105 Part 2.djvu/816

 105 STAT. 1768 PUBLIC LAW 102-233—DEC. 12, 1991 (2) in subparagraph (E) by striking "3 members" and inserting "4 members". SEC. 305. DUTIES AND AUTHORITIES OF THRIFT DEPOSITOR PROTECTION OVERSIGHT BOARD. Section 21A(a)(6) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(6)) is amended— (1) by amending subparagraph (A) to read as follows: "(A) To review overall strategies, policies, and goals established by the Corporation for its activities, which shall include such items as the Thrift Depositor Protection Oversight Board deems likely to have a material effect upon the financial condition of the Corporation, the results of its operations, or its cash flows, and such items as the Thrift Depositor Protection Oversight Board deems to involve substantial issues of public policy. After consultation with the Corporation, the Thrift Depositor Protection Oversight Board may require the modification of any such overall strategies, policies, and goals and their implementation. Overall strategies, policies, and goals shall include such items as— "(i) overall strategies, policies, and goals for case resolutions, the management and disposition of assets, the use of private contractors; "(ii) the use of notes, guarantees, or other obligations by the Corporation; "(iii) financial goals, plans, and budgets; and "(iv) restructuring agreements described in subsection (b)(lOXB)."; (2) in subparagraph (B), by inserting "financial plans, budgets, and" after "implementation"; and (3) by amending subparagraph (C) to read as follows: "(C) To review all rules, regulations, standards, principles, procedures, guidelines, and statements that may be adopted or announced by the Corporation. The provisions of this subparagraph shall not apply to internal administrative policies and procedures (including such matters as personnel practices, divisions and organization of staffing, delegations of authority, and practices respecting day-to- day administration of the Corporation's affairs) and determinations or actions described in paragraph (8) of this subsection: Provided, That if the Thrift Depositor Protection Oversight Board requires the modification of any overall strategies, policies and goals, it shall, within 30 days of the date at which it directs the RTC make such modification, provide the House and Senate Banking Committees with an explanation that identifies which ground justifies the review and giving reasons why the modification is necessary to satisfy these grounds.". SEC. 306. LIMITATION OF AUTHORITY OF THRIFT DEPOSITOR PROTEC- TION OVERSIGHT BOARD. Section 21A(a)(8)(A) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(8)(A)) is amended— (1) by striking "(i) involving" and inserting "involving (i)"; and

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