SEC. 10. STUDIES OF FDIC STRUCTURE AND EXPENSES AND
CERTAIN ACTIVITIES AND FURTHER POS-
SIBLE CHANGES TO DEPOSIT INSURANCE
SYSTEM.
(a) STUDY BY COMPTROLLER GENERAL.—
(1) STUDY REQUIRED.—The Comptroller Gen-
eral shall conduct a study of the following issues:
(A) The efficiency and effectiveness of the
administration of the prompt corrective action
program under section 38 of the Federal De-
posit Insurance Act by the Federal banking
agencies (as defined in section 3 of such Act),
including the degree of effectiveness of such
agencies in identifying troubled depository insti-
tutions and taking effective action with respect
to such institutions, and the degree of accuracy
of the risk assessments made by the Corpora-
tion.
(B) The appropriateness of the organiza-
tional structure of the Federal Deposit Insur-
ance Corporation for the mission of the Cor-
poration taking into account—
(i) the current size and complexity of
the business of insured depository institu-
tions (as such term is defined in section 3
of the Federal Deposit Insurance Act);
(ii) the extent to which the organiza-
tional structure contributes to or reduces
operational 
inefficiencies 
that 
increase
operational costs; and
(iii) the effectiveness of internal con-
trols.
(2) REPORT TO THE CONGRESS.—The Comp-
troller General shall submit a report to the Congress
before the end of the 1-year period beginning on the
date of the enactment of this Act containing the
findings and conclusions of the Comptroller General
with respect to the study required under paragraph
(1) together with such recommendations for legisla-
tive or administrative action as the Comptroller Gen-
eral may determine to be appropriate.
(b) STUDY OF FURTHER POSSIBLE CHANGES TO DE-
POSIT INSURANCE SYSTEM.—
(1) STUDY REQUIRED.—The Board of Directors
of the Federal Deposit Insurance Corporation and
the National Credit Union Administration Board
shall each conduct a study of the following:
(A) The feasibility of establishing a vol-
untary deposit insurance system for deposits in
excess of the maximum amount of deposit in-
surance for any depositor and the potential ben-
efits and the potential adverse consequences
that may result from the establishment of any
such system.
(B) The feasibility of privatizing all deposit
insurance at insured depository institutions and
insured credit unions.
(2) REPORT.—Before the end of the 1-year pe-
riod beginning on the date of the enactment of this
Act, the Board of Directors of the Federal Deposit
Insurance Corporation and the National Credit
Union Administration Board shall each submit a re-
port to the Congress on the study required under
paragraph (1) containing the findings and conclu-
sions of the reporting agency together with such rec-
ommendations for legislative or administrative
changes as the agency may determine to be appro-
priate.
(c) STUDY REGARDING APPROPRIATE DEPOSIT BASE
IN DESIGNATING RESERVE RATIO.—
(1) STUDY
REQUIRED.—The Federal Deposit
Insurance Corporation shall conduct a study of the
feasibility of using actual domestic deposits rather
than estimated insured deposits in calculating the
reserve ratio of the Deposit Insurance Fund and
designating a reserve ratio for such Fund.
(2) REPORT.—The Federal Deposit Insurance
Corporation shall submit a report to the Congress
before the end of the 1-year period beginning on the
date of the enactment of this Act containing the
findings and conclusions of the Corporation with re-
spect to the study required under paragraph (1) to-
gether with such recommendations for legislative or
administrative action as the Board of Directors of
the Corporation may determine to be appropriate.
(d) STUDY OF RESERVE METHODOLOGY AND AC-
COUNTING FOR LOSS.—
(1) STUDY
REQUIRED.—The Federal Deposit
Insurance Corporation shall conduct a study of the
reserve methodology and loss accounting used by the
Corporation during the period beginning on January
1, 1992, and ending December 31, 2004, with re-
spect to insured depository institutions in a troubled
condition (as defined in the regulations prescribed
pursuant to section 32(f) of the Federal Deposit In-
surance Act). The Corporation shall obtain com-
ments on the design of the study from the Comp-
troller General.
(2) FACTORS TO BE INCLUDED.—In conducting
the study pursuant to paragraph (1), the Federal
Deposit Insurance Corporation shall—