12 U.S.C. § 4521 — Annual reports by Director

(a) General report. By June 15 each year, the Director^* must send a written report to the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee. It must include: (1) actions taken or planned to carry out this chapter; (2) each regulated entity’s financial safety and soundness, including results and conclusions of annual examinations under section 4517(a); (3) legislative recommendations to improve that safety and soundness; (4) a description of (A) whether each entity’s procedures under section 4012a(b)(3) of title 42 are adequate and followed, and (B) necessary examination results and conclusions about compliance, including the compliance methods, types and sources of any deficiencies, and corrective measures. The information in paragraph (4) is required only in the first, third, and fifth reports after the one-year period beginning September 23, 1994; (5) the Board’s or its members’ assessment of (A) safety and soundness, (B) material operational deficiencies, (C) overall operational status, and (D) performance in carrying out each entity’s mission; (6) the Agency’s operations, resources, and performance; and (7) other matters about the Agency^* and its mission. (b) Enforcement report. By March 15 each year, the Director must report to the same committees about the preceding calendar year’s requests to the Attorney General for enforcement actions under subchapter III and what happened to each request. The report must state^*: (1) the total requests; (2) requests leading to Department of Justice litigation; (3) requests not leading to such litigation; (4) for requests leading to litigation, (A) days from request to start and (B) days from start to end; and (5) requests pending at the year’s start, requests made during the year, requests completed during the year, and requests pending at the year’s end.