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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Page 8
... deposits that the depositor has a legal right to withdraw on demand , and ( 2 ) engages in the business of making commercial loans . " Given a number of nuances from specific situation to specific situation , many purchasers or would ...
... deposits that the depositor has a legal right to withdraw on demand , and ( 2 ) engages in the business of making commercial loans . " Given a number of nuances from specific situation to specific situation , many purchasers or would ...
Page 11
... Institutions Examination Council to reconcile differences in this area as well as others when there is severe inability to agree on crucial points ? C. Background -- Accepting Demand Deposits In Wilshire Oil Company 11.
... Institutions Examination Council to reconcile differences in this area as well as others when there is severe inability to agree on crucial points ? C. Background -- Accepting Demand Deposits In Wilshire Oil Company 11.
Page 12
... demand deposit . " Under its interpretation at 68 Fed . Res . Bull . 253 , 253-54 ( 1982 ) , NOW accounts were held to be equivalent to " demand deposits , " even though , technically , a financial institution holding a NOW account may ...
... demand deposit . " Under its interpretation at 68 Fed . Res . Bull . 253 , 253-54 ( 1982 ) , NOW accounts were held to be equivalent to " demand deposits , " even though , technically , a financial institution holding a NOW account may ...
Page 15
... demand withdrawal in practice , were not deposits for Section 21 purposes , legally sound ? Is the subcommittee correct in its understanding that this opinion has never been challenged in the courts ? ( 3 ) Does the basic thrust of the ...
... demand withdrawal in practice , were not deposits for Section 21 purposes , legally sound ? Is the subcommittee correct in its understanding that this opinion has never been challenged in the courts ? ( 3 ) Does the basic thrust of the ...
Page 18
... demand deposits but made commercial loans in or from those states while also having banks in other states which took demand deposits in these other states but made no commercial loans in or from these other states ? In other words ...
... demand deposits but made commercial loans in or from those states while also having banks in other states which took demand deposits in these other states but made no commercial loans in or from these other states ? In other words ...
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Expressions et termes fréquents
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 consumer Court demand deposits depository institutions Douglas Amendment Dreyfus engage entities FDIC FDIC's Federal Home Loan Federal Reserve Board Federal Reserve System Federal savings banks 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 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 purposes 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 261 - 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 308 - 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 147 - 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 205 - 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 161 - Congress — but the power to adopt regulations to carry into effect the will of Congress as expressed by the statute. A regulation which does not do this, but operates to create a rule out of harmony with the statute, is a mere nullity.
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 406 - 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.
Page 6 - Islands which ( 1 ) accepts deposits that the depositor has a legal right to withdraw on demand, and (2) engages in the business of making commercial loans.
Page 180 - Comptroller has sought to authorize here. Because the potential hazards and abuses that flow from a bank's entry into the mutual investment business are the same basic hazards and abuses that Congress intended to eliminate almost 40 years ago, we cannot but apply the terms of the federal statute as they were written. We conclude that the...
Page 9 - The Board is authorized to issue such regulations and orders as may be necessary to enable it to administer and carry out the purposes of this Act and prevent evasions thereof.