Financial Institutions and the Nation's Economy (FINE): "discussion Principles" : Hearings Before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the Committee on Banking, Currency and Housing, House of Representatives, Ninety-fourth Congress, First and Second Sessions ....U.S. Government Printing Office, 1975 - Banks and banking |
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Common terms and phrases
accounts activities American banks bank holding companies bank regulation believe billion borrowers BRIMMER capital ceilings Chairman chartered commercial banks Committee competition Comptroller concern Congress consumer Corporation cost demand deposits depository institutions DERRICK Discussion Principles disintermediation domestic economic effect FDIC Federal Banking Board Federal Home Loan Federal Reserve Board Federal Reserve System FHLMC financial institutions foreign banks foreign branches funds GARDNER going Government Home Loan Bank housing income increase industry inflation interest rates investment KANE KAUPER legislation lenders lending liabilities loan associations ment moderate-income monetary policy MOORHEAD mortgage credit mortgage loans mortgage market mortgage rates mutual savings banks national banks operations percent PIERCE powers prepared statement problem proposal question reform regulation Q regulatory agencies REIT responsibility restrictions ROUSSELOT savers savings and loan securities SILBER ST GERMAIN structure subcommittee subsidiaries subsidy Thank thrift institutions tion trust U.S. banks
Popular passages
Page 270 - In accord with recommendations embodied in the 1971 Report of the President's Commission on Financial Structure and Regulation (the Hunt Commission), the Treasury has proposed a new tax credit for interest earned on residential mortgage loans.
Page 671 - Their actions had been further limited by provisions of the Securities Act of 1933, the Securities and Exchange Act of 1934, the Public Utility Holding Company Act of 1935, the Maloney Amendment ( 1938 ) to the Securities and Exchange Act of 1934, and the Trust Indenture Act of 1939.
Page 251 - From this standard evolved a rule of per se unreasonableness in certain situations. "[T]here are certain agreements or practices which because of their pernicious effect on competition and lack of any redeeming virtue are conclusively presumed to be unreasonable and therefore illegal without elaborate inquiry as to the precise harm they have caused or the business excuse for their use.
Page 603 - Nation's financial institutions, including commercial banks, savings and loan associations, mutual savings banks, and credit unions.
Page 406 - Act defining corporations for the purpose of engaging in international or foreign banking or other international or .oreign financial operations or in banking or other financial operations in a dependency or insuiar possession of the United States...
Page 655 - ... merit. Insofar as the residential mortgage market is concerned, however, I know of no reason why a new institution of this type would be expected to improve materially on the tested performance of the existing Federally sponsored housing intermediaries, such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and the Federal Home Loan Banks.
Page 406 - ... to exercise such further powers as may be usual in connection with the transaction of the business of banking in the places where such foreign branch shall transact business.
Page 551 - ... and that such law contains adequate provisions for enforcement. Notwithstanding any other provision of this subsection, compliance with the requirements imposed under this subsection shall be enforced under — (1) Section 8 of the Federal Deposit Insurance Act in the case of national banks, by the Comptroller of the Currency; and (2) Section 5(d) of the Home Owners...
Page 270 - The fact that banking is a highly regulated industry critical to the Nation's welfare makes the play of competition not less important but more so.
Page 551 - The Board is an independent agency composed of five members appointed by the President and confirmed by the Senate for terms of 5 years. The Chairman of the Board is designated by the President. The Board is assisted by a staff which includes attorneys, clerks, and stenographers. In addition, the Board uses hearing examiners appointed in accordance with the provisions of 5 USC 3105 to conduct hearings in assigned cases. The organization...