Losses that are not material

(A) Semiannual report For the 6-month period ending on March 31, 2010 , and each 6-month period thereafter, the Inspector General of each Federal banking agency shall— (i) identify losses that the Inspector General estimates have been incurred by the Deposit Insurance Fund during that 6-month period, with respect to the insured depository institutions supervised by the Federal banking agency; (ii) for each loss incurred by the Deposit Insurance Fund that is not a material loss, determine— (I) the grounds identified by the Federal banking agency or State bank supervisor for appointing the Corporation as receiver under section 1821(c)(5) of this title ; and (II) whether any unusual circumstances exist that might warrant an in-depth review of the loss; and (iii) prepare and submit a written report to the appropriate Federal banking agency and to Congress on the results of any determination by the Inspector General, including— (I) an identification of any loss that warrants an in-depth review, together with the reasons why such review is warranted, or, if the Inspector General determines that no review is warranted, an explanation of such determination; and (II) for each loss identified under subclause (I) that warrants an in-depth review, the date by which such review, and a report on such review prepared in a manner consistent with reports under paragraph (1)(A), will be completed and submitted to the Federal banking agency and Congress.

(B) Deadline for semiannual report The Inspector General of each Federal banking agency shall— (i) submit each report required under paragraph (A) expeditiously, and not later than 90 days after the end of the 6-month period covered by the report; and (ii) provide a copy of the report required under paragraph (A) to any Member of Congress, upon request.