Structure and Regulation of Financial Firms and Holding Companies: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-ninth Congress, Second Session, Part 1U.S. Government Printing Office, 1987 |
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Common terms and phrases
assets Bank Board bank holding companies banking system Banque Paribas BARNARD Boston broker-dealers capital Chairman Citicorp CMO'S CLASS CMO'S SERIES commercial banks commercial paper Commission competitive conflicts of interest Congress corporate debt customers dealers depository institutions deposits Doug Barnard engage equity Federal Reserve Act Fedwire financial services Financiere foreign banks FSLIC Glass-Steagall Act Goldman Sachs Holding Company Act industry insured institution investment banking investment company investors issuer issues limited loan holding companies market makers ment Merrill Lynch million mutual funds National Bank nonbank banks nonbanking activities NOTES DUE operations overdrafts pany parent payments system percent Percentage Managed Collectively permitted prohibited real estate registered regulation regulatory Report Reserve Bank restrictions risk safety and soundness savings and loan securities activities securities firms securities underwriting shares subcommittee supervisory thrift tion Top Five transactions U.S. banking organizations U.S. Congress underwriting United VOLCKER
Popular passages
Page 314 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page 244 - underwriter" means any person who has purchased from an issuer with a view to, or offers or sells for an issuer in connection with, the distribution of any security, or participates or has a direct or indirect participation in any such undertaking, or participates or has a participation in the direct or indirect underwriting of any such undertaking; but such term shall not include a person whose interest is limited to a commission from an underwriter or dealer not in excess of the usual and customary...
Page 314 - ... the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 324 - Board shall consider whether its performance by an affiliate of a holding company can reasonably be expected to produce benefits to the public, such as greater convenience, increased competition, or gains in efficiency, that outweigh possible adverse effects, such as undue concentration of resources, decreased or unfair competition, conflicts of interest, or unsound banking practices.
Page 335 - That nothing herein contained shall prevent any State member bank from establishing and operating branches in the United States or any dependency or insular possession thereof or in any foreign country, on the same terms and conditions and subject to the same limitations and restrictions as are applicable to the establishment of branches by national banks...
Page 244 - equity security" means any stock or similar security: or any security convertible, with or without consideration, into such, a security, or carrying any warrant or right to subscribe to or purchase such a security ; or any such warrant or right ; or any other security which the...
Page 244 - market maker" means any specialist permitted to act as a dealer, any dealer acting in the capacity of block positioner, and any dealer who, with respect to a security, holds himself out (by entering quotations in an inter-dealer communications system or otherwise) as being willing to buy and sell such security for his own account on a regular or continuous basis.
Page 427 - BEFORE THE SUBCOMMITTEE ON COMMERCE, CONSUMER, AND MONETARY AFFAIRS OF THE HOUSE COMMITTEE ON GOVERNMENT OPERATIONS October 20, 1981 Mr.
Page 212 - Jr. Chairman Subcommittee on Commerce, Consumer, and Monetary Affairs Committee on Government Operations House of Representatives Washington, DC 20515 Dear Mr. Chairman: This is in response to your letter of September...
Page 244 - As used in this paragraph the term "issuer" shall include, in addition to an issuer, any person directly or indirectly controlling or controlled by the issuer, or any person under direct or indirect common control with the issuer.