U.S. Code » Title 12 » Chapter CHAPTER 16— FEDERAL DEPOSIT INSURANCE CORPORATION

12 U.S.C. § 1821a

FSLIC Resolution Fund

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(a) Established(1) In general

There is established a separate fund to be designated as the FSLIC Resolution Fund which shall be managed by the Corporation and separately maintained and not commingled.

(2) Transfer of FSLIC assets and liabilities

Except as provided in section 1441a 11 See References in Text note below. of this title, all assets and liabilities of the Federal Savings and Loan Insurance Corporation on the day before August 9, 1989, shall be transferred to the FSLIC Resolution Fund.

(3) Separate holding

Assets and liabilities transferred to the FSLIC Resolution Fund shall be the assets and liabilities of the Fund and not of the Corporation and shall not be consolidated with the assets and liabilities of the Deposit Insurance Fund or the Corporation for accounting, reporting, or any other purpose.

(4) Rights, powers, and duties

Effective August 10, 1989, the Corporation shall have all rights, powers, and duties to carry out the Corporation’s duties with respect to the assets and liabilities of the FSLIC Resolution Fund that the Corporation otherwise has under this chapter.

(5) Corporation as conservator or receiver(A) In generalEffective August 10, 1989, the Corporation shall succeed the Federal Savings and Loan Insurance Corporation as conservator or receiver with respect to any depository institution—(i) the accounts of which were insured before August 10, 1989 by the Federal Savings and Loan Insurance Corporation; and(ii) for which a conservator or receiver was appointed before January 1, 1989.(B) Rights, powers, and duties

When acting as conservator or receiver with respect to any depository institution described in subparagraph (A), the Corporation shall have all rights, powers, and duties that the Corporation otherwise has as conservator or receiver under this chapter.

(b) Source of fundsThe FSLIC Resolution Fund shall be funded from the following sources to the extent funds are needed in the listed priority:(1) Income earned on assets of the FSLIC Resolution Fund.(2) Liquidating dividends and payments made on claims received by the FSLIC Resolution Fund from receiverships to the extent such funds are not required by the Resolution Funding Corporation pursuant to section 1441b of this title or the Financing Corporation pursuant to section 1441 of this title.(3) Amounts borrowed by the Financing Corporation pursuant to section 1441 of this title.(c) Treasury backup(1) In general

If the funds described in subsections (a) and (b) are insufficient to satisfy the liabilities of the FSLIC Resolution Fund, the Secretary of the Treasury shall pay to the Fund such amounts as may be necessary, as determined by the Corporation and the Secretary, for FSLIC Resolution Fund purposes.

(2) Authorization of appropriations

There are authorized to be appropriated to the Secretary of the Treasury, without fiscal year limitation, such sums as may be necessary to carry out this section.

(d) Legal proceedings

Any judgment resulting from a proceeding to which the Federal Savings and Loan Insurance Corporation was a party prior to its dissolution or which is initiated against the Corporation with respect to the Federal Savings and Loan Insurance Corporation or with respect to the FSLIC Resolution Fund shall be limited to the assets of the FSLIC Resolution Fund.

(e) Transfer of net proceeds from sale of RTC assets

The FSLIC Resolution Fund shall transfer to the Resolution Funding Corporation any net proceeds from the sale of assets acquired from the Resolution Trust Corporation upon the termination of such Corporation pursuant to section 1441a 1 of this title.

(f) Dissolution

The FSLIC Resolution Fund shall be dissolved upon satisfaction of all debts and liabilities and sale of all assets. Upon dissolution any remaining funds shall be paid into the Treasury. Any administrative facilities and supplies, including offices and office supplies, shall be transferred to the Corporation for use by and to be held as assets of the Deposit Insurance Fund.

(Sept. 21, 1950, ch. 967, § 2[11A], as added Pub. L. 101–73, title II, § 215, Aug. 9, 1989, 103 Stat. 252; amended Pub. L. 102–233, title II, § 202(c), (d), Dec. 12, 1991, 105 Stat. 1767; Pub. L. 102–242, title I, § 161(b), Dec. 19, 1991, 105 Stat. 2285; Pub. L. 104–208, div. A, title II, § 2704(d)(14)(J)–(L), Sept. 30, 1996, 110 Stat. 3009–492; Pub. L. 109–171, title II, § 2102(b), Feb. 8, 2006, 120 Stat. 9; Pub. L. 109–173, § 8(a)(15)–(17), Feb. 15, 2006, 119 Stat. 3612, 3613.)Editorial NotesReferences in Text

Section 1441a of this title, referred to in subsecs. (a)(2) and (e), was repealed by Pub. L. 111–203, title III, § 364(b), July 21, 2010, 124 Stat. 1555.

Amendments

2006—Subsec. (a)(2). Pub. L. 109–173, § 8(a)(15)(A), (B), struck out subpar. (A) designation and heading before “Except as” and struck out heading and text of subpar. (B). Text read as follows: “The FSLIC Resolution Fund shall pay to the Savings Association Insurance Fund such amounts as are needed for administrative and supervisory expenses from August 9, 1989, through September 30, 1992.”

Pub. L. 109–171 repealed Pub. L. 104–208, § 2704(d)(14)(J)(i), (ii). See 1996 Amendment note below.

Subsec. (a)(3). Pub. L. 109–173, § 8(a)(15)(C), substituted “the Deposit Insurance Fund” for “the Bank Insurance Fund, the Savings Association Insurance Fund,”.

Pub. L. 109–171 repealed Pub. L. 104–208, § 2704(d)(14)(J)(iii). See 1996 Amendment note below.

Subsec. (b)(4). Pub. L. 109–173, § 8(a)(16), struck out par. (4) which read as follows: “During the period beginning on August 9, 1989, and ending on December 31, 1992, amounts assessed against Savings Association Insurance Fund members by the Corporation pursuant to section 1817 of this title which are not required by the Financing Corporation pursuant to section 1441 of this title or by the Resolution Funding Corporation pursuant to section 1441b of this title.”

Pub. L. 109–171 repealed Pub. L. 104–208, § 2704(d)(14)(K). See 1996 Amendment note below.

Subsec. (f). Pub. L. 109–173, § 8(a)(17), substituted “Deposit Insurance Fund” for “Savings Association Insurance Fund”.

Pub. L. 109–171 repealed Pub. L. 104–208, § 2704(d)(14)(L). See 1996 Amendment note below.

1996—Subsec. (a)(2). Pub. L. 104–208, § 2704(d)(14)(J)(i), (ii), which directed striking out subpar. (A) heading and subpar. (B) and redesignating subpar. (A) as par. (2), was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

Subsec. (a)(3). Pub. L. 104–208, § 2704(d)(14)(J)(iii), which directed substitution of “the Deposit Insurance Fund” for “the Bank Insurance Fund, the Savings Association Insurance Fund,”, was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

Subsec. (b)(4). Pub. L. 104–208, § 2704(d)(14)(K), which directed striking out par. (4), was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

Subsec. (f). Pub. L. 104–208, § 2704(d)(14)(L), which directed substitution of “Deposit Insurance Fund” for “Savings Association Insurance Fund”, was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above.

1991—Subsec. (a)(2)(B). Pub. L. 102–233, § 202(c), substituted “1992” for “1991”.

Subsec. (a)(4), (5). Pub. L. 102–242 added pars. (4) and (5).

Subsec. (b)(4). Pub. L. 102–233, § 202(d), substituted “1992” for “1991”.

Statutory Notes and Related SubsidiariesEffective Date of 2006 Amendment

Amendment by Pub. L. 109–173 effective Mar. 31, 2006, see section 8(b) of Pub. L. 109–173, set out as a note under section 1813 of this title.

Amendment by Pub. L. 109–171 effective no later than the first day of the first calendar quarter that begins after the end of the 90-day period beginning Feb. 8, 2006, see section 2102(c) of Pub. L. 109–171, set out as a Merger of BIF and SAIF note under section 1821 of this title.

Effective Date of 1996 Amendment

Amendment by Pub. L. 104–208 effective Jan. 1, 1999, if no insured depository institution is a savings association on that date, see section 2704(c) of Pub. L. 104–208, formerly set out as a note under section 1821 of this title.

Payment of Judgments and Settlements of Claims Against United States

Pub. L. 106–113, div. B, § 1000(a)(1) [title I, § 110], Nov. 29, 1999, 113 Stat. 1535, 1501A–20, provided that: “Hereafter, for payments of judgments against the United States and compromise settlements of claims in suits against the United States arising from the Financial Institutions Reform, Recovery and Enforcement Act [Pub. L. 101–73, see Tables for classification] and its implementation, such sums as may be necessary, to remain available until expended: Provided, That the foregoing authority is available solely for payment of judgments and compromise settlements: Provided further, That payment of litigation expenses is available under existing authority and will continue to be made available as set forth in the Memorandum of Understanding between the Federal Deposit Insurance Corporation and the Department of Justice, dated October 2, 1998.”

Similar provisions were contained in Pub. L. 105–277, div. A, § 101(b) [title I, § 130], Oct. 21, 1998, 112 Stat. 2681–50, 2681–77.

Notes of Decisions
Cited in 59 cases, 1990–2011 · leading case: Slattery v. United States, 635 F.3d 1298 (Fed. Cir. 2011).
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Slattery v. United States, 635 F.3d 1298 (Fed. Cir. 2011). · cites it 12× “See 12 U.S.C. § 1821a. Congress then provided *1332 that "[a]ny judgment resulting from a proceeding to which the [FSLIC] was a party prior to its dissolution or which is initiated against the [FDIC] with respect to the [FSLIC] or with respect to the FSLIC Resolution Fund shall…”
Landmark Land Co., Inc. v. Fed. Deposit Ins. Corp. v. United States, Defendant-Cross, 256 F.3d 1365 (Fed. Cir. 2001). · cites it 4× “12 U.S.C. § 1821a. When the RTC was abolished in 1995, its assets and liabilities were also transferred to the FRF.”
Castle v. United States, 48 Fed. Cl. 187 (Fed. Cl. 2000). · cites it 6× “” 12 U.S.C. § 1821a(a)(4). In other words, the FDIC has the same fiduciary duties and obligations with respect to the FSLIC Resolution Fund as it has as a receiver for an insured depository institution.”
Sierra Club v. Fed. Deposit Ins. Corp., 992 F.2d 545 (5th Cir. 1993). · cites it 3× “See 12 U.S.C. § 1821a(a). For the sake of simplicity, we will refer to these government agencies as the FDIC throughout our opinion.”
Fed. Deposit Ins. v. United States, 51 Fed. Cl. 265 (Fed. Cl. 2001). · cites it 5× “The FSLIC, as stated above, was the party that breached the contractual obligations at issue in this case. However, with the enactment of FIR-RE A, the FSLIC was abolished, and all of its assets and liabilities were transferred to its successor, the FRF.”
Fed. Deposit Ins. Corp. v. Tidwell, 820 P.2d 1338 (Okla. 1991). · cites it 2× “12 U.S.C. § 1821a(a)(2)(A). The FSLIC Resolution Fund is managed by the Federal Deposit Insurance Corporation.”
Robert D. Rapaport v. United States Dep't of the Treasury, 59 F.3d 212 (D.C. Cir. 1995). · cites it 2× “Further, because “all assets and liabilities of the [FSLIC]” were transferred to the FSLIC Resolution Fund, see 12 U.S.C. § 1821a(a)(2)(A), and the FSLIC Resolution Fund is managed by the FDIC, he claims that only the FDIC may proceed against him for any deficiency.”
Holland v. United States, 74 Fed. Cl. 225 (Fed. Cl. 2006). · cites it 3× “In its supplemental brief, defendant argued first that the forbearance promises became contractual liabilities of the FRF alone because section 215 of FIRREA, now codified at 12 U.S.C. § 1821a, transferred the liabilities and assets of FSLIC to the FRF, while section 410 of…”
Carteret Sav. Bank, FA v. Off. of Thrift Supervision, 762 F. Supp. 1159 (D.N.J. 1991). · cites it 3× “The court held that 12 U.S.C. § 1821a(c)(l), providing for Treasury payments to FSLIC when necessary for the fund, did not affect this jurisdiction.”
Glass v. United States, 258 F.3d 1349 (Fed. Cir. 2001). · cites it 2× “12 U.S.C. § 1821a (1994). When the RTC was dissolved in 1995, its assets and liabilities were also transferred to the FRF, but the FDIC, the manager of the FRF, has maintained these two sets of assets and liabilities as segregated funds within the FRF, as the FRF-FSLIC and the…”
Fed. Deposit Ins. Corp. v. Roy William Bledsoe, 989 F.2d 805 (5th Cir. 1993). “12 U.S.C. § 1821a(a)(2)(A). 2 . As a threshold matter, Bledsoe argues that we should affirm the district court's judgment without reaching the merits because the FDIC failed to introduce evidence demonstrating that the note was transferred from State Savings to the FSLIC or FDIC.”
Fed. Deposit Ins. Corp. v. Ernst & Young, 967 F.2d 166 (5th Cir. 1992). “Under the Financial Institutions Reform, Recovery, and Enforcement Act (“FIRREA”), 12 U.S.C. § 1821a, all FSLIC assets, including this claim, were transferred to the FSLIC Resolution Fund, which the Federal Deposit Insurance Corporation (“FDIC”) now manages.”
Show all 59 citing cases →
12 U.S.C. § 1821a(1): 1 case
United States ex rel. Stone v. AmWest Sav. Ass'n, 999 F. Supp. 852 (N.D. Tex. 1997).
12 U.S.C. § 1821a(5)(A): 2 cases
AmWest Sav. Ass'n v. Shatto, 905 S.W.2d 400 (Tex. App.—Austin 1995).
AmWest Sav. Ass'n v. Jimmy R. Shatto, No. 03-94-00062-CV (Tex. App.—Austin Aug. 16, 1995).
12 U.S.C. § 1821a(a): 7 cases
Slattery v. United States, 635 F.3d 1298 (Fed. Cir. 2011). “See 12 U.S.C. § 1821a. Congress then provided *1332 that "[a]ny judgment resulting from a proceeding to which the [FSLIC] was a party prior to its dissolution or which is initiated against the [FDIC] with respect to the [FSLIC] or with respect to the FSLIC Resolution Fund shall…”
Sierra Club v. Fed. Deposit Ins. Corp., 992 F.2d 545 (5th Cir. 1993). “See 12 U.S.C. § 1821a(a). For the sake of simplicity, we will refer to these government agencies as the FDIC throughout our opinion.”
Fed. Deposit Ins. v. UMIC, Inc., 136 F.3d 1375 (10th Cir. 1998).
in all Winstar-Related Cases at the Court v. United States, 44 Fed. Cl. 3 (Fed. Cl. 1999).
Cain v. United States, 53 Fed. Cl. 658 (Fed. Cl. 2002).
12 U.S.C. § 1821a(a)(1): 4 cases
Bailey v. United States, 53 Fed. Cl. 251 (Fed. Cl. 2002).
Fed. Deposit Ins. v. United States, 51 Fed. Cl. 265 (Fed. Cl. 2001). “The FSLIC, as stated above, was the party that breached the contractual obligations at issue in this case. However, with the enactment of FIR-RE A, the FSLIC was abolished, and all of its assets and liabilities were transferred to its successor, the FRF.”
North Arkansas Med. Ctr. v. Barrett, 962 F.2d 780 (8th Cir. 1992).
Perpetual Fin. Corp. v. United States, 61 Fed. Cl. 126 (Fed. Cl. 2004).
12 U.S.C. § 1821a(a)(2): 5 cases
Coast-To-Coast Fin. Corp. v. United States, 52 Fed. Cl. 352 (Fed. Cl. 2002).
Fed. Deposit Ins. v. Hurwitz, 384 F. Supp. 2d 1039 (S.D. Tex. 2005).
Holland v. United States, 74 Fed. Cl. 225 (Fed. Cl. 2006). “In its supplemental brief, defendant argued first that the forbearance promises became contractual liabilities of the FRF alone because section 215 of FIRREA, now codified at 12 U.S.C. § 1821a, transferred the liabilities and assets of FSLIC to the FRF, while section 410 of…”
Far West Fed. Bank v. Dir. Off. of Thrift Supervision, 787 F. Supp. 952 (D. Or. 1992).
Appropriate Source for Payment of Judgments & Settlements in United States v. Winstar Corp. (OLC 1998).
12 U.S.C. § 1821a(a)(2)(A): 5 cases
Fed. Deposit Ins. Corp. v. Tidwell, 820 P.2d 1338 (Okla. 1991). “12 U.S.C. § 1821a(a)(2)(A). The FSLIC Resolution Fund is managed by the Federal Deposit Insurance Corporation.”
Robert D. Rapaport v. United States Dep't of the Treasury, 59 F.3d 212 (D.C. Cir. 1995). “Further, because “all assets and liabilities of the [FSLIC]” were transferred to the FSLIC Resolution Fund, see 12 U.S.C. § 1821a(a)(2)(A), and the FSLIC Resolution Fund is managed by the FDIC, he claims that only the FDIC may proceed against him for any deficiency.”
Fed. Deposit Ins. Corp. v. Roy William Bledsoe, 989 F.2d 805 (5th Cir. 1993). “12 U.S.C. § 1821a(a)(2)(A). 2 . As a threshold matter, Bledsoe argues that we should affirm the district court's judgment without reaching the merits because the FDIC failed to introduce evidence demonstrating that the note was transferred from State Savings to the FSLIC or FDIC.”
Weir v. Fed. Asset Disposition Ass'n, 123 F.3d 281 (5th Cir. 1997).
Resolution Trust Corp. v. Fed. Sav. & Loan Ins., 25 F.3d 1493 (10th Cir. 1994).
12 U.S.C. § 1821a(a)(3): 2 cases
PIMA Fin. Serv. Corp. v. Intermountain Home Sys., Inc., 786 F. Supp. 1551 (D. Colo. 1992).
Perpetual Fin. Corp. v. United States, 61 Fed. Cl. 126 (Fed. Cl. 2004).
12 U.S.C. § 1821a(a)(4): 2 cases
Sierra Club v. Fed. Deposit Ins. Corp., 992 F.2d 545 (5th Cir. 1993). “See 12 U.S.C. § 1821a(a). For the sake of simplicity, we will refer to these government agencies as the FDIC throughout our opinion.”
Castle v. United States, 48 Fed. Cl. 187 (Fed. Cl. 2000). “” 12 U.S.C. § 1821a(a)(4). In other words, the FDIC has the same fiduciary duties and obligations with respect to the FSLIC Resolution Fund as it has as a receiver for an insured depository institution.”
12 U.S.C. § 1821a(a)(5): 2 cases
Sierra Club v. Fed. Deposit Ins. Corp., 992 F.2d 545 (5th Cir. 1993). “See 12 U.S.C. § 1821a(a). For the sake of simplicity, we will refer to these government agencies as the FDIC throughout our opinion.”
Resolution Trust Corp. v. Townsend Assocs. Ltd. P'ship, 840 F. Supp. 1127 (E.D. Mich. 1993).
12 U.S.C. § 1821a(a)(5)(A): 1 case
Fed. Deposit Ins. v. Geldermann, Inc., 975 F.2d 695 (10th Cir. 1992).
12 U.S.C. § 1821a(a)(l): 8 cases
Castle v. United States, 48 Fed. Cl. 187 (Fed. Cl. 2000). “” 12 U.S.C. § 1821a(a)(4). In other words, the FDIC has the same fiduciary duties and obligations with respect to the FSLIC Resolution Fund as it has as a receiver for an insured depository institution.”
Fed. Deposit Ins. Corp. v. Howse, 736 F. Supp. 1437 (S.D. Tex. 1990).
Fed. Deposit Ins. Corp. v. Shrader & York, 991 F.2d 216 (5th Cir. 1993).
Fed. Deposit Ins. v. United States, 51 Fed. Cl. 265 (Fed. Cl. 2001). “The FSLIC, as stated above, was the party that breached the contractual obligations at issue in this case. However, with the enactment of FIR-RE A, the FSLIC was abolished, and all of its assets and liabilities were transferred to its successor, the FRF.”
North Arkansas Med. Ctr. v. Barrett, 962 F.2d 780 (8th Cir. 1992).
12 U.S.C. § 1821a(a)(l)(2): 2 cases
Am. Capital Corp. v. United States, 63 Fed. Cl. 637 (Fed. Cl. 2005).
Am. Capital Corp. v. United States, 66 Fed. Cl. 315 (Fed. Cl. 2005).
12 U.S.C. § 1821a(b): 3 cases
Slattery v. United States, 635 F.3d 1298 (Fed. Cir. 2011). “See 12 U.S.C. § 1821a. Congress then provided *1332 that "[a]ny judgment resulting from a proceeding to which the [FSLIC] was a party prior to its dissolution or which is initiated against the [FDIC] with respect to the [FSLIC] or with respect to the FSLIC Resolution Fund shall…”
Far West Fed. Bank, S.B. v. Dir., Off. of Thrift Supervision, 930 F.2d 883 (Fed. Cir. 1991).
Slattery v. United States, No. 19-1530 (Fed. Cir. Jan. 28, 2011).
12 U.S.C. § 1821a(c): 7 cases
Slattery v. United States, 635 F.3d 1298 (Fed. Cir. 2011). “See 12 U.S.C. § 1821a. Congress then provided *1332 that "[a]ny judgment resulting from a proceeding to which the [FSLIC] was a party prior to its dissolution or which is initiated against the [FDIC] with respect to the [FSLIC] or with respect to the FSLIC Resolution Fund shall…”
Landmark Land Co., Inc. v. Fed. Deposit Ins. Corp. v. United States, Defendant-Cross, 256 F.3d 1365 (Fed. Cir. 2001). “12 U.S.C. § 1821a. When the RTC was abolished in 1995, its assets and liabilities were also transferred to the FRF.”
Fed. Deposit Ins. v. United States, 51 Fed. Cl. 265 (Fed. Cl. 2001). “The FSLIC, as stated above, was the party that breached the contractual obligations at issue in this case. However, with the enactment of FIR-RE A, the FSLIC was abolished, and all of its assets and liabilities were transferred to its successor, the FRF.”
Fed. Deposit Ins. v. Hurwitz, 384 F. Supp. 2d 1039 (S.D. Tex. 2005).
PIMA Fin. Serv. Corp. v. Intermountain Home Sys., Inc., 786 F. Supp. 1551 (D. Colo. 1992).
12 U.S.C. § 1821a(c)(1): 1 case
Statesman Sav. Holding Corp. v. United States, 41 Fed. Cl. 1 (Fed. Cl. 1998).
12 U.S.C. § 1821a(c)(l): 5 cases
Slattery v. United States, 583 F.3d 800 (Fed. Cir. 2009).
Castle v. United States, 48 Fed. Cl. 187 (Fed. Cl. 2000). “” 12 U.S.C. § 1821a(a)(4). In other words, the FDIC has the same fiduciary duties and obligations with respect to the FSLIC Resolution Fund as it has as a receiver for an insured depository institution.”
Fed. Deposit Ins. v. United States, 51 Fed. Cl. 265 (Fed. Cl. 2001). “The FSLIC, as stated above, was the party that breached the contractual obligations at issue in this case. However, with the enactment of FIR-RE A, the FSLIC was abolished, and all of its assets and liabilities were transferred to its successor, the FRF.”
Carteret Sav. Bank, FA v. Off. of Thrift Supervision, 762 F. Supp. 1159 (D.N.J. 1991). “The court held that 12 U.S.C. § 1821a(c)(l), providing for Treasury payments to FSLIC when necessary for the fund, did not affect this jurisdiction.”
Far West Fed. Bank, S.B. v. Dir., Off. of Thrift Supervision, 930 F.2d 883 (Fed. Cir. 1991).
12 U.S.C. § 1821a(d): 11 cases
Slattery v. United States, 635 F.3d 1298 (Fed. Cir. 2011). “See 12 U.S.C. § 1821a. Congress then provided *1332 that "[a]ny judgment resulting from a proceeding to which the [FSLIC] was a party prior to its dissolution or which is initiated against the [FDIC] with respect to the [FSLIC] or with respect to the FSLIC Resolution Fund shall…”
Landmark Land Co., Inc. v. Fed. Deposit Ins. Corp. v. United States, Defendant-Cross, 256 F.3d 1365 (Fed. Cir. 2001). “12 U.S.C. § 1821a. When the RTC was abolished in 1995, its assets and liabilities were also transferred to the FRF.”
Carteret Sav. Bank, FA v. Off. of Thrift Supervision, 762 F. Supp. 1159 (D.N.J. 1991). “The court held that 12 U.S.C. § 1821a(c)(l), providing for Treasury payments to FSLIC when necessary for the fund, did not affect this jurisdiction.”
Castle v. United States, 48 Fed. Cl. 187 (Fed. Cl. 2000). “” 12 U.S.C. § 1821a(a)(4). In other words, the FDIC has the same fiduciary duties and obligations with respect to the FSLIC Resolution Fund as it has as a receiver for an insured depository institution.”
Glass v. United States, 258 F.3d 1349 (Fed. Cir. 2001). “12 U.S.C. § 1821a (1994). When the RTC was dissolved in 1995, its assets and liabilities were also transferred to the FRF, but the FDIC, the manager of the FRF, has maintained these two sets of assets and liabilities as segregated funds within the FRF, as the FRF-FSLIC and the…”
12 U.S.C. § 1821a(f): 4 cases
Landmark Land Co., Inc. v. Fed. Deposit Ins. Corp. v. United States, Defendant-Cross, 256 F.3d 1365 (Fed. Cir. 2001). “12 U.S.C. § 1821a. When the RTC was abolished in 1995, its assets and liabilities were also transferred to the FRF.”
Fed. Deposit Ins. v. United States, 51 Fed. Cl. 265 (Fed. Cl. 2001). “The FSLIC, as stated above, was the party that breached the contractual obligations at issue in this case. However, with the enactment of FIR-RE A, the FSLIC was abolished, and all of its assets and liabilities were transferred to its successor, the FRF.”
Statesman Sav. Holding Corp. v. United States, 41 Fed. Cl. 1 (Fed. Cl. 1998).
Appropriate Source for Payment of Judgments & Settlements in United States v. Winstar Corp. (OLC 1998).
12 U.S.C. § 1821a(l): 1 case
Fed. Deposit Ins. Corp. v. John Henderson, Jr., 61 F.3d 421 (5th Cir. 1995).
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.