Page:United States Statutes at Large Volume 105 Part 2.djvu/817

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PUBLIC LAW 102-233—DEC. 12, 1991 105 STAT. 1769 (2) by striking "provide general policies and procedures" and inserting "review overall strategies, policies, and goals established by the Corporation". SEC. 307. OPEN MEETINGS. Section 21A(c)(10) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(10)) is amended— (1) by striking "4" and inserting "6"; and (2) by adding a sentence at the end, to read as follows: "The Thrift Depositor Protection Oversight Board shall maintain a transcript of its open meetings.". SEC. 308. STRATEGIC PLAN. Section 21A(a)(14)(A) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(a)(14)(A)) is amended to read as follows: "(A) IN GENERAL.—The chief executive officer of the Corporation is authorized to implement the strategic plan for conducting the Corporation's functions and activities submitted by the former Oversight Board to the Congress, dated December 31, 1989. ". SEC. 309. MANAGEMENT AND DUTIES OF THE RESOLUTION TRUST COR- PORATION. (a) MANAGEMENT.— Section 21A(b)(l)(C) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(l)(C)) is amended to read as follows: "(C) MANAGEMENT BY CHIEF EXECUTIVE OFFICER. —The Corporation shall be managed by or under the direction of itjS ChlGl GXGCUtlVG officGr (b) DUTIES.—Section 21A(b)(3)(B) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(3)(B)) is amended to read as follows: "(B) To develop and establish overall strategies, policies, and goals for the Corporation, subject to review by the Thrift Depositor Protection Oversight Board pursuant to subsection (a)(6)(A) of this section.". (c) REAL AND PERSONAL PROPERTY.— Section 21A(b)(10)(E) is amended by adding after "real and personal property," the following: "using any legally available private sector methods including without limitation, securitization of debt or equity, limited partnerships, mortgage investment conduits, and real estate investment trusts,". SEC. 310. ABOLITION OF BOARD OF DIRECTORS OF THE RESOLUTION TRUST CORPORATION. Section 21A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)) is amended by striking paragraph (8) and redesignating paragraphs (9), (10), (11), (12), (13), and (14) as paragraphs (8), (9), (10), (11), (12), and (13), respectively. SEC. 311. POWERS OF CHIEF EXECUTIVE OFFICER OF THE RESOLUTION TRUST CORPORATION; CONSULTATION. Section 21A(b)(8) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(9)), as redesignated, is amended— (1) in subparagraph (A), by striking "Unless the Oversight Board exercises its authority under subsection (m) of this section" and inserting "Except for its chief executive officer"; and (2) by adding, after subparagraph (C), the following new subparagraph: