Amendment101st Congress
Amendments en bloc required uniform personnel policies for federal agencies covered by the bill; gave the Farm Credit Administration the authority to adopt the same hiring, pay, and benefit practices as federal bank regulatory agencies; made a technical correction in a provision relating to Federal Deposit Insurance Corporation hearing procedures; struck the bill's moratorium on the FDIC's issuing the "pass through" insurance on bank deposits by pension plans and required a study of the issue; and indexed the $300 million annual contribution the 12 Federal Home Loan Banks must make to defer the interest costs on Resolution Fund Corporation bonds to either inflation or the growth in bank earnings (whichever is less), but capped the total required contribution at $600 million a year.
- Amendment Number
- 57
- Description
- Amendments en bloc required uniform personnel policies for federal agencies covered by the bill; gave the Farm Credit Administration the authority to adopt the same hiring, pay, and benefit practices as federal bank regulatory agencies; made a technical correction in a provision relating to Federal Deposit Insurance Corporation hearing procedures; struck the bill's moratorium on the FDIC's issuing the "pass through" insurance on bank deposits by pension plans and required a study of the issue; and indexed the $300 million annual contribution the 12 Federal Home Loan Banks must make to defer the interest costs on Resolution Fund Corporation bonds to either inflation or the growth in bank earnings (whichever is less), but capped the total required contribution at $600 million a year.
- Purpose
- An amendment comprised of five separate amendments to do the following: Require uniform personnel policies for the federal agencies covered by the bill; give the Farm Credit Administration the authority to adopt the same hiring, pay, and benefit practices as federal bank regulatory agencies; make a technical correction in a provision relating to Federal Deposit Insurance Corporation hearing procedures; strike the bill's moratorium on the FDIC's issuing the "pass through" insurance on bank deposits by pension plans and require a study of the issue; and, index the $300 million annual contribution the 12 Federal Home Loan Banks must make to defer the interest costs on REFCORP bonds to either inflation or the growth in bank earnings (whichever is less), but cap the total required contribution to $600 million a year.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Jun 15, 1989
- Latest Action Text
- On agreeing to the Gonzalez amendments (A001) as modified Agreed to by voice vote.
- Latest Action Time
- 11:49:34
- Submitted Date
- Jun 15, 1989
- Chamber
- House of Representatives
- Update Date
- Jul 10, 2021