Sec. 101. PURPOSES
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## SEC. 101 PURPOSES **[**[12 U.S.C. 1811](/us/usc/t12/s1811) nt.**]** The purposes of this Act are as follows: 1Note: The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 largely amended other Acts. Many free-standing provisions of such Act, while still effect, do not have a permanent or long-term application and have therefore not been included in this compilation. ####
(1)To promote, through regulatory reform, a safe and stable system of affordable housing finance. ####
(2)To improve the supervision of savings associations by strengthening capital, accounting, and other supervisory standards. ####
(3)To curtail investments and other activities of savings associations that pose unacceptable risks to the Federal deposit insurance funds. ####
(4)To promote the independence of the Federal Deposit Insurance Corporation from the institutions the deposits of which it insures, by providing an independent board of directors, adequate funding, and appropriate powers. ####
(5)To put the Federal deposit insurance funds on a sound financial footing. ####
(6)To establish an Office of Thrift Supervision in the Department of the Treasury, under the general oversight of the Secretary of the Treasury. ####
(7)To establish a new corporation, to be known as the Resolution Trust Corporation, to contain, manage, and resolve failed savings associations. ####
(8)To provide funds from public and private sources to deal expeditiously with failed depository institutions. ####
(9)To strengthen the enforcement powers of Federal regulators of depository institutions. ####
(10)To strengthen the civil sanctions and criminal penalties for defrauding or otherwise damaging depository institutions and their depositors. * * * * * * * # TITLE III SAVINGS ASSOCIATIONS * * * * * * *
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