Page:United States Statutes at Large Volume 105 Part 2.djvu/812

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105 STAT. 1764 PUBLIC LAW 102-233—DEC. 12, 1991 "(iii) A breakdown of the type of assets sold, according to the categories Usted in subclauses (I) through (VIII) of subparagraph (B)(vii). "(iv) Projections of the total amount of seller financing which will be needed during the succeeding 2 quarters.". (b) SEMIANNUAL REPORT ON NATIONAL AND REGIONAL ADVISORY BOARDS.— Section 21A(k)(4)(B) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(k)(4)(B)) is amended— (1) by striking "and" at the end of clause (iii); (2) by striking the period at the end of clause (iv) and inserting "; and"; and (3) by inserting after clause (iv) the following new clause: "(v) descriptions of the operations and activities of the national and regional advisory boards established under subsection (d) and financial statements detailing the expenses of such boards.". (c) RTC AND OVERSIGHT BOARD BUDGET REPORTS.— Section 21A(k) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(k)) is amended by adding at the end the following new paragraph: "(10) BUDGET REPORTS. — "(A) IN GENERAL. — Before the end of each calendar quarter, the Oversight Board and the Corporation shall submit a

report to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing the complete annual budget, as approved by the Oversight Board. "(B) ACTIVITIES RELATING TO PHASING OUT RTC OPER- ATIONS. —Beginning with the report due in the 1st quarter of 1994, the report shall include information on the Corporation's activities to phase down its operations and reduce the number of employees and the amount of office space and other overhead as the Corporation completes its duties under this section and approaches termination.". (d) EMPLOYEE REPORTS.— Section 21A(k) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(k)) is amended by inserting after paragraph (10) (as added by subsection (c) of this section) the following new paragraph: "(11) EMPLOYEE REPORTS.—The Corporation shall submit semiannual reports to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing the following information: "(A) The total number of employees of the Oversight Board and the total number of individuals performing services directly on behalf of the Corporation. "(B) The total number of individuals performing services for the Corporation as an employee of the Federal Deposit

< Insurance Corporation or any other agency, including the

Government Accounting Office and the number from each such agency. "(C) The total number of individuals employed in each job classification and employment status, including employ- ment on a temporary basis or for an agreed upon period of time.". (e) SUPPLEMENTAL UNAUDITED FINANCIAL STATEMENTS. —