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TREASURY ORDER 103-01

DATE:  September 2, 1999
 
SUBJECT:    Delegation of Authority to the Under Secretary for Domestic Finance Resolution Funding Corporation Oversight Responsibilities
 
 
By virtue of the authority vested in the Secretary of the Treasury, including the authority vested by 31 U.S.C. 321(b) and section 14(d) of Pub. L. No. 105-216, the Homeowners Protection Act of 1998 (the Act), it is hereby ordered as follows:
 
1.    DELEGATION OF AUTHORITY.  I hereby delegate to the Under Secretary (Domestic Finance) the authority of the Secretary of the Treasury under section 14(d) of the Act to:
 
      a.    have general oversight over the Resolution Funding Corporation as provided in section 21A(a)(6)(I) of the Federal Home Loan Bank Act (12 U.S.C. 144la(a)(6)(I)), except as may be prohibited by statute; and
 
      b.    exercise the authority and duties of the former Thrift Depositor Protection Oversight Board under section 21B of the Federal Home Loan Bank Act (12 U.S.C. 1441b), except as may be prohibited by statute.
 
2.    REDELEGATION:  The authority delegated in this Order may be redelegated in writing by the Under Secretary.
 
3.    RATIFICATION.  To the extent that any action heretofore taken consistent with this Order may require ratification, it is hereby approved and ratified.
 
4.    CANCELLATION.  Treasury Order 103-01, "Delegation of Authority to the Under Secretary (Domestic Finance) to Serve as the Chairperson of the Thrift Depositor Protection Oversight Board," dated August 6, 1996, is superseded.
 
 
 
                              /S/
                              Lawrence H. Summers
                              Secretary of the Treasury
 
Last Updated: 6/15/2011 4:26 PM

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