Legislative Proposals to Restructure Our Financial System: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundredth Congress, First Session, on S. 1886 to Modernize and Reform the Regulations of Financial Services, and for Other Purposes; S. 1891 to Establish a Financial Oversight Commission, and for Other Purposes; S. 1905 to Enhance Competition in the Financial Services Sector, and for Other Purposes, December 1, 2, 3, 8, 9, and 10, 1987 |
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Page 34
... consumers ; ( b ) It is the purpose of this Act to promote the safety 15 and soundness of the Nation's financial system , enhance the 16 quality of regulation and supervision of financial intermediar- 17 ies and achieve a more efficient ...
... consumers ; ( b ) It is the purpose of this Act to promote the safety 15 and soundness of the Nation's financial system , enhance the 16 quality of regulation and supervision of financial intermediar- 17 ies and achieve a more efficient ...
Page 41
... traditional State interest in en- 24 suring that State banks and other companies are operated in 25 a safe and sound manner to serve the interests of the public 1 17 1 and consumers . The preemption provided in the 41.
... traditional State interest in en- 24 suring that State banks and other companies are operated in 25 a safe and sound manner to serve the interests of the public 1 17 1 and consumers . The preemption provided in the 41.
Page 42
... consumers . The preemption provided in the following 2 paragraph ( B ) is thus not intended to preempt State laws that 3 concern the regulation , supervision and examination of State- 4 chartered entities , and that are not inconsistent ...
... consumers . The preemption provided in the following 2 paragraph ( B ) is thus not intended to preempt State laws that 3 concern the regulation , supervision and examination of State- 4 chartered entities , and that are not inconsistent ...
Page 67
... consumers and businesses . At this time , however , I am inclined to support a one - step - at - a- time approach to financial services restructuring . The need to ad- dress Glass - Steagall and the barriers between commercial and in ...
... consumers and businesses . At this time , however , I am inclined to support a one - step - at - a- time approach to financial services restructuring . The need to ad- dress Glass - Steagall and the barriers between commercial and in ...
Page 77
... consumers and to permit the most efficient use of our financial resources . That's the reason for there being a financial services industry in the first place . Also , we must not lose track of the goal of ensuring the safety and ...
... consumers and to permit the most efficient use of our financial resources . That's the reason for there being a financial services industry in the first place . Also , we must not lose track of the goal of ensuring the safety and ...
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Common terms and phrases
agency amended assets bank holding company bank's bankers banking and securities banking organizations banking system believe benefits bill Board broker-dealers brokerage capital Chairman commercial banks commercial paper Commission Committee competition concerns conflicts of interest Congress consumers Corporation Corrigan customers D'Amato depository institution engage equity FDIC Federal Reserve Federal Reserve Act federal safety Fedwire financial institutions financial markets financial services financial services industry financial system firewall Glass-Steagall Act GREENSPAN Holding Company Act insured bank insured institution investment banking investment company investors issue laws legislation loans moratorium mortgage mortgage-backed securities mutual funds National Bank percent permitted problems profit prohibited proposal Proxmire real estate reform regulatory repeal requirements restrictions restructuring revenue bonds risk safety and soundness Section securities activities securities affiliate securities business securities firms securities industry securities powers securitization Senator Garn Senator GRAHAM Senator RIEGLE statement structure testimony thrift tion transactions trust underwriting unit investment trusts
Popular passages
Page 982 - 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 963 - That in carrying on the business commonly known as the safe-deposit business no such association shall invest in the capital stock of a corporation organized under the law of any State to conduct a safe-deposit business in an amount in excess of 15 per centum of the capital stock of such association actually paid in and unimpaired and 15 per centum of its unimpaired surplus...
Page 907 - Board shall take into consideration the following factors: (1) the financial history and condition of the company or companies and the banks concerned; (2) their prospects; (3) the character of their management; (4) the convenience, needs, and welfare of the communities and the area concerned; and (5) whether or not the effect of such acquisition or merger or consolidation would be to expand the size or extent of the bank holding company...
Page 963 - ... which moneys under the terms of said agreement are required to be used for the purpose of paying the principal of and the interest on such obligations at their maturity...
Page 965 - Provided, That nothing in this paragraph shall apply to any such organization which shall have been placed in formal liquidation and which shall transact no business except such as may be incidental to the liquidation of its affairs.
Page 118 - readiness to serve as a source of liquidity to support the economic and financial system.
Page 211 - Wriston had it exactly right when, a number of years ago, he said: •For example, it is inconceivable that any major bank would walk away from any subsidiary of its holding company. If your name is on the door, all of your capital funds are going to be behind it in the real world. Lawyers can say you have separation, but the marketplace is persuasive, and it would not see it that way.
Page 971 - ODA/OA loans by the World Bank, the regional banks (the Inter-American Development Bank, the Asian Development Bank, the African Development Bank) and the International Fund for Agricultural Development.
Page 972 - The business of dealing in securities and stock by the association shall be limited to purchasing and selling such securities and stock without recourse, solely upon the order, and for the account of, customers...