Legislative Proposals to Restructure Our Financial System: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundredth Congress, First Session, on S. 1886 to Modernize and Reform the Regulations of Financial Services, and for Other Purposes; S. 1891 to Establish a Financial Oversight Commission, and for Other Purposes; S. 1905 to Enhance Competition in the Financial Services Sector, and for Other Purposes, December 1, 2, 3, 8, 9, and 10, 1987U.S. Government Printing Office, 1988 - 982 pages |
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agency amended assets bank holding company bank subsidiaries bank's bankers banking and securities banking organizations banking system believe benefits bill Board broker-dealers brokerage capital Chairman commercial banks commercial paper Commission Committee competition concerns conflicts of interest Congress consumers corporate Corrigan customers D'Amato depository institution engage equity FDIC Federal Reserve Federal Reserve Act Federal Reserve Board Fedwire financial institutions financial markets financial services financial services industry financial system firewall Glass-Steagall Act GREENSPAN Holding Company Act insured bank insured institution investment banking investment company investors issue laws legislation loans moratorium mortgage mortgage-backed securities mutual funds nonbanking activities percent permitted problems prohibited proposal Proxmire real estate reform regulatory repeal requirements restrictions restructuring revenue bonds risk safety and soundness securities activities securities affiliate securities business securities firms securities industry securities powers securitization Senator Garn Senator RIEGLE structure testimony thrift tion transactions trust underwriting unit investment trusts
Popular passages
Page 935 - 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 957 - The district courts shall have jurisdiction, without regard to the amount in controversy or the citizenship of the parties...
Page 830 - The Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Federal Home Loan Bank Board...
Page 112 - readiness to serve as a source of liquidity to support the economic and financial system.
Page 956 - ... secure directly from any executive department, bureau, agency, board, commission, office, independent establishment, or instrumentality information, suggestions, estimates, and statistics for the purpose of this Act; and each such department, bureau, agency, board, commission, office, establishment, or instrumentality is authorized and directed to furnish such information, suggestions, estimates, and statistics directly to the Commission, upon request made by the chairman or vice chairman.
Page 201 - Wriston had it exactly right when, a number of years ago, he said: •For example, it is inconceivable that any major bank would walk away from any subsidiary of its holding company. If your name is on the door, all of your capital funds are going to be behind it in the real world. Lawyers can say you have separation, but the marketplace is persuasive, and it would not see it that way.
Page 872 - In every case, the Board shall take into consideration the financial and managerial resources and future prospects of the company or companies and the banks concerned, and the convenience and needs of the community to be served.
Page 932 - ... (8) shares of any company the activities of which the Board after due notice and opportunity for hearing has determined (by order or regulation) to be so closely related to banking or managing or controlling banks as to be a proper incident thereto.
Page 943 - ... will yield a return that will compensate the lessor for not less than the lessor's full investment in the property...
Page 933 - ODA/OA loans by the World Bank, the regional banks (the Inter-American Development Bank, the Asian Development Bank, the African Development Bank) and the International Fund for Agricultural Development.