Federal Home Loan Bank Board and Federal Savings and Loan Insurance Corporation, a Study of Relationaships: Staff Report [of] Subcommittee on Housing, Pursuant to S. Res. 160U.S. Government Printing Office, 1956 - 121 pages |
From inside the book
Results 1-5 of 31
Page 14
... procedures , has the final responsibility for chartering as well as the granting of insurance . The placement of total responsi- bility for chartering and for insurance losses which may be incurred as a result of chartering a Federal ...
... procedures , has the final responsibility for chartering as well as the granting of insurance . The placement of total responsi- bility for chartering and for insurance losses which may be incurred as a result of chartering a Federal ...
Page 15
... procedures . A case in point is the operation of the FDIC . The FDIC is author- ized under the law to insure the deposits of national banks , State banks admitted to membership in the Federal Reserve System , and State banks which are ...
... procedures . A case in point is the operation of the FDIC . The FDIC is author- ized under the law to insure the deposits of national banks , State banks admitted to membership in the Federal Reserve System , and State banks which are ...
Page 17
... procedure of converting a State institution to a Federal charter , or how , through capital investments by the Home Owners ' Loan Corporation in the institution to supplement the local savings , the home financing needs of the ...
... procedure of converting a State institution to a Federal charter , or how , through capital investments by the Home Owners ' Loan Corporation in the institution to supplement the local savings , the home financing needs of the ...
Page 21
... procedures is illus- trated by the Commonwealth Building & Loan Association case of Norfold , Va . With respect to this association , inadequate examina- tion procedures resulted in the embezzlement of $ 2,887,000 by an employee of the ...
... procedures is illus- trated by the Commonwealth Building & Loan Association case of Norfold , Va . With respect to this association , inadequate examina- tion procedures resulted in the embezzlement of $ 2,887,000 by an employee of the ...
Page 22
... procedures which we then considered and still consider sound could not be applied as intended and therefore did not accomplish the purposes for which they were devised . In addition , since a single report was prepared by the two ...
... procedures which we then considered and still consider sound could not be applied as intended and therefore did not accomplish the purposes for which they were devised . In addition , since a single report was prepared by the two ...
Common terms and phrases
action administrative agencies applications for insurance approval assets board of trustees borrowing authority Budget Chairman changes Committee Comptroller Congress consolidated obligations district bank Division of Federal Division of Supervision encourage local thrift established existing identity FDIC Federal associations Federal charter Federal Home Loan Federal home-loan banks Federal Reserve System Federal Savings functions funds home financing Home Loan Bank Home Owners home-financing institutions identity of management increase insurance of accounts insured associations insured institutions interest investment JOHN SPARKMAN June 30 liability liaison loan associations Loan Bank Board Loan Bank System loan institutions Loan Insurance Corporation Loan League Loan Operations Loan System management contribute member institutions membership officers opinion organization percent series policies present primary purposes procedures promote protection recommendations regional banks regulations relationship Reorganization Plan respect responsibility Savings and Loan separate management State-chartered associations Subcommittee supervisory agents supervisory authority thrift associations tion Total Treasury United States Senate
Popular passages
Page 79 - Government in the field of home finance is with the Federal Home Loan Bank Board. That agency performs functions dealing with the Federal Home Loan Bank System, the Federal Savings and Loan System, and the Federal Savings and Loan Insurance Corporation. The Federal Home Loan Bank System is designed to provide a credit reservoir for thrift and home financing institutions.
Page 34 - Budget shall deem to be necessary in order to effectuate the transfers referred to in subsection (a) of this section shall be carried out in such manner as he shall direct and by such agencies as he shall designate. SEC. 5. Interim officers, (a) The President may authorize any person who immediately prior to the effective date of this reorganization plan...
Page 33 - Prepared by the President and transmitted to the Senate and the House of Representatives in Congress assembled, April 24, 1958, pursuant to the provisions of the Reorganization Act of 1949, approved June 20, 1949, as amended CIVILIAN MOBILIZATION SECTION 1.
Page 96 - Washington, the Acting Comptroller of the Currency shall be a member of the Board of Directors in the place and stead of the Comptroller. In the event of a vacancy in the office of the Chairman of the Board of Directors, and pending the appointment of his successor, the Comptroller of the Currency shall act as Chairman.
Page 15 - The Corporation shall reject the application of any applicant if it finds that the capital of the applicant is impaired or that its financial policies or management are unsafe ; and the Corporation may reject the application of any applicant if it finds that the character of the management of the applicant or its home financing policy is inconsistent with economical home financing or with the purposes of this title.
Page 46 - The Corporation may reject the application of any applicant if it finds that the character of the management of the applicant or its home -financing policy is inconsistent with economical home-financing or with the purposes of insurance of accounts.
Page 33 - The rates of compensation fixed for these officers are, respectively, those which I have found to prevail in respect of comparable officers in the executive branch of the Government.
Page 45 - Corporation shall deem, necessary in connection with such insurance, and (2) if the insurance is granted, to permit and pay the cost of such examinations as in the judgment of the Corporation may from time to time be necessary for its protection and the protection of other insured institutions, to permit the Corporation to have access to any information or report with respect to any examination made by any public regulatory authority and to furnish any additional information with respect thereto...
Page 39 - To enable the Board to encourage local thrift and local home financing and to promote, organize, and develop the associations herein provided for or similar associations organized under local laws, there is hereby authorized to be appropriated out of any money in the Treasury not otherwise appropriated, the sum of $150,000, to be immediately available and remain available until expended, subject to the call of the Board, which sum, or so much thereof as may be necessary, the Board is authorized...
Page 34 - SEC. 2. The said powers shall be exercised by the Secretary of Defense, subject to the direction and control of the President of the United States. In the exercise of this authority the Secretary of Defense shall encourage the development of an effective and responsible Ryukyuan government, based on democratic principles and supported by a sound financial structure, shall make every effort to improve the welfare and well-being of the inhabitants...