ILC’sa review of charter, ownership, and supervision issues : hearingDIANE Publishing |
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Page 1
... assets , and $ 110 billion in deposits . Although the insured deposits of ILC's has grown by over 500 percent since 1999 , those deposits represent less than 3 percent of the FDIC's total insured deposits . Utah is home to 33 ILC's with ...
... assets , and $ 110 billion in deposits . Although the insured deposits of ILC's has grown by over 500 percent since 1999 , those deposits represent less than 3 percent of the FDIC's total insured deposits . Utah is home to 33 ILC's with ...
Page 2
... assets of ILC's are regulated by the OTS . Some argue that this regulatory structure for overseeing ILC's may not provide adequate protection against the potential risks that holding companies and non - bank affiliates may pose to an ...
... assets of ILC's are regulated by the OTS . Some argue that this regulatory structure for overseeing ILC's may not provide adequate protection against the potential risks that holding companies and non - bank affiliates may pose to an ...
Page 10
... asset from an affiliate . Under Section 23B , an ILC must deal with an affiliate on mar- ket , in other words , at arms - length , in terms of arms - length terms . An ILC cannot , as a fiduciary , purchase securities or other assets ...
... asset from an affiliate . Under Section 23B , an ILC must deal with an affiliate on mar- ket , in other words , at arms - length , in terms of arms - length terms . An ILC cannot , as a fiduciary , purchase securities or other assets ...
Page 11
... assets to do well in a competitive market today . ILC opponents claim that a loophole exempts these banks from bank holding company regulation by the Federal Reserve . In fact , Congress expressly exempted the parent companies of ...
... assets to do well in a competitive market today . ILC opponents claim that a loophole exempts these banks from bank holding company regulation by the Federal Reserve . In fact , Congress expressly exempted the parent companies of ...
Page 14
... assets into small State regulators with a financial interest in attracting business away from established regulatory centers like New York or Chi- cago . Wall Street firms are regulated by the SEC and the FDIC as well as State ...
... assets into small State regulators with a financial interest in attracting business away from established regulatory centers like New York or Chi- cago . Wall Street firms are regulated by the SEC and the FDIC as well as State ...
Expressions et termes fréquents
activities allowed application bank holding companies bank's banking and commerce Barney Frank BHC Act BHCA billion Board capital Chairman BACHUS commercial banks commercial firms community banks companies and affiliates competition Congress consolidated supervision credit card customers depository institutions EnerBank engage examine FDIC FDIC-insured FDIC's Federal Deposit Insurance Federal Reserve financial holding company financial institutions financial services financial system Gillmor Government Accountability Office Gramm-Leach-Bliley Act hearing Holding Company Act holding company structure Home Depot home improvement ILC charter ILC holding companies ILC industry ILC loophole ILC's industrial banks industrial loan bank Industrial Loan Companies insured banks insured depository institutions insured institution issue LEARY limited MATHESON Merrill Lynch mixing banking mixing of banking non-financial operations oversight parent company Paul Gillmor percent pose potential regulatory relationship requirements restrictions retail risk safety and soundness Section 23A separation of banking supervisory authority Thank thrift transactions Utah Wal-Mart Wal-Mart Bank
Fréquemment cités
Page 74 - I would first like to thank the Chairman and Ranking Member for holding this important hearing on industrial loan corporations.
Page 261 - For the purpose of this section, any transaction by a member bank with any person shall be deemed to be a transaction with an affiliate to the extent that the proceeds of the transaction are used for the benefit of, or transferred to, that affiliate.
Page 171 - The Independent Community Bankers of America represents the largest constituency of community banks of all sizes and charter types in the nation, and is dedicated exclusively to representing the interests of the community banking industry.
Page 1 - US HOUSE OF REPRESENTATIVES, SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER CREDIT, COMMITTEE ON FINANCIAL SERVICES, Washington, DC The subcommittee met, pursuant to notice, at 10:00 am, in room 2128, Rayburn House Office Building, Hon.
Page 87 - State's legislature a statute which required or would require such institution to obtain insurance under the Federal Deposit Insurance Act— (I) which does not accept demand deposits that the depositor may withdraw by check or similar means for payment to third parties...
Page 197 - The Securities Industry Association brings together the shared interests of more than 600 securities firms to accomplish common goals. SIA member-firms (including investment banks, broker-dealers, and mutual fund companies) are active in all US and foreign markets and in all phases of corporate and public finance.
Page 120 - Board shall, to the fullest extent possible, limit the focus and scope of any examination of a bank holding company to — (i) the bank holding company; and (ii) any subsidiary of the bank holding company that could have a materially adverse effect on the safety and soundness of any depository institution subsidiary of the holding company due to — (I) the size, condition, or activities of the subsidiary; or (II) the nature or size of transactions between the subsidiary and any depository institution...
Page 223 - Chair and the Subcommittee for holding this hearing, and for the opportunity to testify.
Page 68 - So without objection, the hearing record will remain open for 30 days for members to submit written questions to these witnesses and to place their responses in the record.
Page 99 - Directors, bylaws not inconsistent with law, regulating the manner in which its general business may be conducted, and the privileges granted to it by law may be exercised and enjoyed.