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Financial Institutions Reform, Recovery, And Enforcement Act Of 1989 (Firrea):

Legislation that abolished the fslic and established a new deposit insurance fund, saif, for savings institutions, appropriated funds and created the resolution trust corporation to dispose of failed thrifts, imposed wide-ranging changes in savings institution investment activities and operations, and created the office of thrift supervision as part of a restructuring of the federal thrift regulatory and supervisory systems.

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