The Financial Institutions Emergency Acquisitions Amendments of 1986: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-ninth Congress, Second Session, on S. 2372 ... May 13 and 14, 1986U.S. Government Printing Office, 1986 - 204 pages |
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Common terms and phrases
affiliates agencies assets authority bank failures bank holding company bank or banks bank regulators bank supervisor bank's banking and commerce banking laws banking system banks in danger believe bidders bill capital Chairman charter close the nonbank Coldwell Banker commercial banks Committee concerns CONGRESS THE LIBRARY consumer banks Corporation danger of closing deal depositors discount window DOYLE emergency acquisition expand failing bank failing institution FDIC assistance federal bank Federal Deposit Insurance Federal Reserve Board Federal Reserve System financial institutions full-service banks Garn Garn-St Germain Act Glass-Steagall Act Holding Company Act IBAA insurance fund interstate banking intrastate involved Jake Garn Kenmore appliances LIBRARY OF CONGRESS limited loans merger million National Bank nonbank bank loophole out-of-State bank payments system permit potential problem purchase regulatory Sears Savings Bank SEIDMAN Senator GORTON Senator GRAMM Senator PROXMIRE subsidiaries sunset provision threshold thrifts tion transactions troubled bank troubled institutions VOLCKER
Popular passages
Page 127 - The Comptroller shall also have power to call for special reports from any particular association whenever in his judgment the same are necessary in order to obtain a full and complete knowledge of its condition.
Page 128 - Board, be assessed against such bank and, when so assessed, shall be paid by such bank. In the event of the refusal to give any information requested in the course of the examination of any such affiliate, or in the event of the refusal to permit such examination, or in the event of the refusal to pay any expense so assessed, the...
Page 169 - ... as shall be requisite for its immediate accommodation, in relation to the convenient transacting of its business, and such as shall have been bona fide mortgaged to it by way of security, or conveyed to it in satisfaction of debts, previously contracted in the course of its dealings, or purchased at sales upon judgments which shall have been obtained for such debts.
Page 125 - ... at the preceding election, or controls in any manner the election of a majority of its directors, trustees, or other persons exercising similar functions...
Page 127 - Each bank admitted to membership under this section shall obtain from each of its affiliates other than member banks and furnish to the Federal reserve bank of its district and to the Federal Reserve Board not less than three reports during each year.
Page 169 - The said corporation shall not, directly or indirectly, deal or trade in anything except bills of exchange, gold or silver bullion, or in the sale of goods really or truly pledged for money lent and not redeemed in due time, or goods which shall be the proceeds of its lands.
Page 125 - ... (4) Which owns or controls, directly or indirectly, either a majority of the shares of capital stock of a member bank or more than 50 per centum of the number of shares voted for the election of directors of...
Page 125 - Each national banking association shall obtain from each of its affiliates other than member banks and furnish to the Comptroller of the Currency not less than three reports during each year, in such form as the Comptroller may prescribe, verified by the oath or affirmation of the president or such other officer as may be designated by the board of directors of such affiliate to verify such reports, disclosing the...
Page 127 - Board may prescribe, shall be verified by the oath or affirmation of the president or such other officer as may be designated by the board of directors of such affiliate to verify such reports, and shall disclose the information hereinafter provided for as of dates identical with those fixed by the Federal Reserve Board for reports of the condition of the affiliated member bank. Each such report of an affiliate shall be transmitted as herein...
Page 127 - Governors of the Federal Reserve System or the Comptroller of the Currency, as the case may be, may waive such requirements with respect to any such report or examination of any affiliate if In the judgment of the said Board or Comptroller, respectively, such report or examination is not necessary to disclose fully the relations between such affiliate and such bank and the effect thereof upon the affairs of such bank.