(a) In general. Notwithstanding any other provision of law, the
Corporation, the Board of Governors of the Federal Reserve System,
the Resolution Trust Corporation, any other agency, department, and
instrumentality of the United States, and any corporation owned or
controlled by the United States may not, directly or indirectly, make
any payment or provide any assistance, guarantee, or transfer under
this Act or any other provision of law in connection with any insured
depository institution which would have the direct or indirect effect
of satisfying, in whole or in part, any claim against the institution
for obligations of the institution which would constitute deposits as defined in section
3(l) but for subparagraphs (A) and (B) of section 3(l)(5).
1-401.31
(b) Exception. Subsection (a) shall not apply
to any payment, assistance, guarantee, or transfer made or provided
by the Corporation if the Board of Directors determines in writing
that such action is not inconsistent with any requirement of section
13(c).
1-401.32
(c) Discount window lending. No provision of this section shall be construed as prohibiting any
Federal Reserve bank from making advances or otherwise extending credit
pursuant to the Federal Reserve Act to any insured depository institution
to the extent that such advance or extension of credit is consistent
with the conditions and limitations imposed under section 10B of such
Act.
[12
USC 1831r. As added by act of Dec. 19, 1991 (105 Stat. 2367).]
