Confusion in the Legal Framework of the American Financial System and Service Industry: Hearings Before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-eighth Congress, First Session, July 19, 20, and 21, 1983U.S. Government Printing Office, 1983 - 543 pages |
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acquire acquisition affiliates application assets authority Bank Holding Company Bank Service Corporation BARNARD BHCA bill BRADFIELD brokerage Chairman charter commercial banks commercial lending commercial loans competitive Comptroller CONGRESS THE LIBRARY consumer Court demand deposits depository institutions Douglas Amendment Dreyfus engage entities FDIC FDIC's Federal Home Loan Federal Reserve Board Federal Reserve System federal thrifts FHLBB FIDA Section financial institutions financial services industry FSLIC Garn-St Germain Act Glass-Steagall Act hearings Holding Company Act Home Loan Bank insurance activities interpretation Investment Company Institute issues LIBRARY OF CONGRESS limited loan associations Loan Holding Company marketplace McFadden Act member banks money market moratorium mutual funds national banks nonbank banks nonmember banks operations permitted powers prohibit proposed question restrictions safety and soundness savings and loan Section 21 securities activities securities firms securities industry State-chartered statute statutory structure subcommittee subsidiaries thrift institutions tion transactions underwriting
Fréquemment cités
Page 263 - 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 298 - Chairman Subcommittee on Commerce, Consumer and Monetary Affairs Committee on Government Operations House of Representatives Washington, DC 20515 Dear Mr.
Page 425 - LOAN ACT OF 1933 (12 USC 1461, ET SEQ.) SEC. 5. (1) In order to provide local mutual thrift institutions in which people may invest their funds and in order to provide for the financing of homes, the Board ' is authorized, under such rules and regulations as it may prescribe, to provide for the organization, incorporation, examination, operation, and regulation of associations to be known as "Federal Savings and Loan Associations...
Page 312 - 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. In determining whether a particular activity is a proper incident to banking or managing or controlling banks the 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...
Page 456 - ... (2) Accept the stock, bonds, debentures, notes, or other obligations of any affiliate as collateral security for any loan or extension of credit made by such institution; (3) Purchase securities or other assets or obligations under repurchase agreement from any affiliate; (4) Make any loan, discount, or extension of credit to...
Page 151 - Holding or managing or liquidating assets owned by or acquired from a subsidiary insured institution; (d) Holding or managing properties used or occupied by a subsidiary insured institution; (e) Acting as trustee under deed of trust; or (f) Furnishing or performing such other services or engaging in such other activities as the Corporation may approve or may prescribe by regulation as being a proper incident to the operations of insured institutions and not detrimental to the interests of savings...
Page 207 - Congress acted to keep commercial banks out of the investment banking business largely because it believed that the promotional incentives of investment banking and the investment banker's pecuniary stake in the success of particular investment opportunities was destructive of prudent and disinterested commercial banking and of public confidence in the commercial banking system.
Page 34 - System, before the Subcommittee on Commerce, Consumer, and Monetary Affairs of the Committee on Government Operations, US House of Representatives, May 15, 1985.
Page 408 - ... (2) For any person, firm, corporation, association, business trust, or other similar organization to engage, to any extent whatever with others than his or its officers, agents or employees, in the business of receiving deposits subject to check or to repayment upon presentation of a pass book, certificate of deposit, or other evidence of debt, or upon request of the depositor...
Page 408 - USC 335, subject to the same limitations and conditions with respect to the purchasing, selling, underwriting, and holding of investment securities and stock as are applicable in the case of national banks under paragraph Seventh of 12 USC 24.