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 11
... regarding these questions . ) ( 1 ) Is the above background an accurate summary of developments respecting " commercial loans " on the date of the hearing ? What points of a legal nature would you add or correct ? ( 2 ) Under the Change ...
... regarding these questions . ) ( 1 ) Is the above background an accurate summary of developments respecting " commercial loans " on the date of the hearing ? What points of a legal nature would you add or correct ? ( 2 ) Under the Change ...
Page 12
... regarding these questions . ) ( 1 ) Is the above background an accurate summary of developments respecting ' demand deposits " ? What points of a legal nature would you add or correct ? ( 2 ) In your view , is it proper to interpret a ...
... regarding these questions . ) ( 1 ) Is the above background an accurate summary of developments respecting ' demand deposits " ? What points of a legal nature would you add or correct ? ( 2 ) In your view , is it proper to interpret a ...
Page 15
... degree , the FDIC's policies ? ( 6 ) Considering the trend of cases , how likely is A. G. Becker to prevail in its case regarding banking and commercial paper ? Please explain your reasons . ( 7 ) Why is Glass - Steagall , which 15.
... degree , the FDIC's policies ? ( 6 ) Considering the trend of cases , how likely is A. G. Becker to prevail in its case regarding banking and commercial paper ? Please explain your reasons . ( 7 ) Why is Glass - Steagall , which 15.
Page 17
... regarding banks , their insurance activities , and the Bank Holding Company Act ? ( 2 ) Could the Board halt the insurance activities of subsidiaries of state banks -- which banks are , in turn , the subsidiaries of , say , an out - of ...
... regarding banks , their insurance activities , and the Bank Holding Company Act ? ( 2 ) Could the Board halt the insurance activities of subsidiaries of state banks -- which banks are , in turn , the subsidiaries of , say , an out - of ...
Page 20
... regarding recent , important developments related to thrifts and banks in general ? What features of an important legal nature would you add or correct ? ( 2 ) Some have said that the Garm - St Germain Act really allowed thrifts to ...
... regarding recent , important developments related to thrifts and banks in general ? What features of an important legal nature would you add or correct ? ( 2 ) Some have said that the Garm - St Germain Act really allowed thrifts to ...
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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.