§5212. Insurance of troubled assets — Inbound Citations

Citations to 12 U.S.C. § 5212 as a whole

• 12 U.S.C. § 5202(6)

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  (6) The term “Fund” means the Troubled Assets Insurance Financing Fund established under section 5212 of this title.
• 12 U.S.C. § 5214(a)(1)(A)

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  (A) policies implemented by the Secretary and the Office of Financial Stability created under sections 5211 and 5212 of this title, including the appointment of financial agents, the designation of asset classes to be purchased, and plans for the structure of vehicles used to purchase troubled assets; and
• 12 U.S.C. § 5214(h)(2)

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  (2) the date of expiration of the last insurance contract issued under section 5212 of this title.
• 12 U.S.C. § 5215(a)

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  (a) Before the expiration of the 60-day period beginning on the date of the first exercise of the authority granted in section 5211(a) of this title, or of the first exercise of the authority granted in section 5212 of this title, whichever occurs first, and every 30-day period thereafter, the Secretary shall report to the appropriate committees of Congress, with respect to each such period—

  (1) an overview of actions taken by the Secretary, including the considerations required by section 5213 of this title and the efforts under section 5219 of this title;

  (2) the actual obligation and expenditure of the funds provided for administrative expenses by section 5228 of this title during such period and the expected expenditure of such funds in the subsequent period; and

  (3) a detailed financial statement with respect to the exercise of authority under this chapter, including—

  (A) all agreements made or renewed;

  (B) all insurance contracts entered into pursuant to section 5212 of this title;

  (C) all transactions occurring during such period, including the types of parties involved;

  (D) the nature of the assets purchased;

  (E) all projected costs and liabilities;

  (F) operating expenses, including compensation for financial agents;

  (G) the valuation or pricing method used for each transaction; and

  (H) a description of the vehicles established to exercise such authority.
• 12 U.S.C. § 5215(a)(3)(B)

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  (B) all insurance contracts entered into pursuant to section 5212 of this title;
• 12 U.S.C. § 5215(e)(2)

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  (2) the date of expiration of the last insurance contract issued under section 5212 of this title.
• 12 U.S.C. § 5226(e)(2)

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  (2) the date of expiration of the last insurance contract issued under section 5212 of this title.
• 12 U.S.C. § 5230(a)

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  (a) The authorities provided under sections 5211(a), excluding section 5211(a)(3), and 5212 of this title shall terminate on December 31, 2009.
• 12 U.S.C. § 5231(b)(3)

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  (3) The nomination of an individual as Special Inspector General shall be made as soon as practicable after the establishment of any program under sections 5211 and 5212 of this title.
• 12 U.S.C. § 5231(c)(1)

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  (1) It shall be the duty of the Special Inspector General to conduct, supervise, and coordinate audits and investigations of the purchase, management, and sale of assets by the Secretary of the Treasury under any program established by the Secretary under section 5211 of this title, and the management by the Secretary of any program established under section 5212 of this title, including by collecting and summarizing the following information:

  (A) A description of the categories of troubled assets purchased or otherwise procured by the Secretary.

  (B) A listing of the troubled assets purchased in each such category described under subparagraph (A).

  (C) An explanation of the reasons the Secretary deemed it necessary to purchase each such troubled asset.

  (D) A listing of each financial institution that such troubled assets were purchased from.

  (E) A listing of and detailed biographical information on each person or entity hired to manage such troubled assets.

  (F) A current estimate of the total amount of troubled assets purchased pursuant to any program established under section 5211 of this title, the amount of troubled assets on the books of the Treasury, the amount of troubled assets sold, and the profit and loss incurred on each sale or disposition of each such troubled asset.

  (G) A listing of the insurance contracts issued under section 5212 of this title.
• 12 U.S.C. § 5231(c)(1)(G)

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  (G) A listing of the insurance contracts issued under section 5212 of this title.
• 12 U.S.C. § 5231(i)(1)

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  (1) Not later than 60 days after the confirmation of the Special Inspector General, and not later than 30 days following the end of each fiscal quarter, the Special Inspector General shall submit to the appropriate committees of Congress a report summarizing the activities of the Special Inspector General during that fiscal quarter. Each report shall include, for the period covered by such report, a detailed statement of all purchases, obligations, expenditures, and revenues associated with any program established by the Secretary of the Treasury under sections 5211 and 5212 of this title, as well as the information collected under subsection (c)(1).
• 12 U.S.C. § 5231(k)(2)

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  (2) the date of expiration of the last insurance contract issued under section 5212 of this title.
• 12 U.S.C. § 5232(a)

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  (a) Subject to subsection (b), the costs of purchases of troubled assets made under section 5211(a) of this title and guarantees of troubled assets under section 5212 of this title, and any cash flows associated with the activities authorized in section 5212 of this title and subsections (a), (b), and (c) of section 5216 of this title shall be determined as provided under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et.¹ seq.).
• 12 U.S.C. § 5233(b)(1)(B)

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  (B) The reports required under this paragraph shall be submitted not later than 30 days after the first exercise by the Secretary of the authority under section 5211(a) or 5212 of this title, and every 30 days thereafter.