Current Tax Rules Relating to Financially Troubled Savings And Loan Associations : Scheduled for Hearings Before the House Committee On Ways And Means On February 22 And March 9, 1989 Jcs-3-89

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CBO January 1989 budget baseline In the CBO budget baseline, outlays by the FSLIC equal approxi- mately $54 billion for the 1989-1994 fiscal year period. These fig- ures are presented in Table I-H. According to the CBO, on a present value basis, these estimates allow for roughly between $45 billion and $50 billion of on-budget spending to meet the FSLIC's shortfall.
' ' Budget of the United States Government, Fiscal Year 1990, p. 2-34.
(15) 16 Table I-H.— Congressional Budget Office January 198
...9 Baseline Budget Projection for the FSLIC [In billions of dollars] Fiscal year 1989 1990 1991 1992 1993 1994 Total Disbursements 20.5 17.2 15.0 10.1 9.7 8.8 81.3 Receipts -7.5 -6.8 -3.4 -3.3 -3.2 -3.3 -27.5 Net outlays 13.0 10.4 11.6 6.8 6.5 5.5 53.8 Source: Congressional Budget Office.
Bush Administration plan for resolution of the FSLIC's case- load On February 6, 1989, the Bush Administration announced a new reform plan to resolve the problems of the thrift industry. 22 The Bush Administration also announced that the FDIC and the FSLIC will immediately begin joint supervision of insolvent thrift institu- tions.


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