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 v
... Present and future needs . 324 Would S. 1886 provide more or less competitive equity ?. 326 TUESDAY , DECEMBER 8 , 1987 Opening statement of Chairman Proxmire ......... 333 Senator Dixon .... Opening statements of : Senator Sasser ...
... Present and future needs . 324 Would S. 1886 provide more or less competitive equity ?. 326 TUESDAY , DECEMBER 8 , 1987 Opening statement of Chairman Proxmire ......... 333 Senator Dixon .... Opening statements of : Senator Sasser ...
Page vi
... present proposals ...... VI . A comprehensive plan to test firewalls internal to a banking organization and to promote bank safety and fair competition VII . Summary .. Appendices . Selected SIA member firms wholly owned by outside ...
... present proposals ...... VI . A comprehensive plan to test firewalls internal to a banking organization and to promote bank safety and fair competition VII . Summary .. Appendices . Selected SIA member firms wholly owned by outside ...
Page 79
... present the traditional narrow lines of banking and commerce are blurring as the industry responds to change . Loopholes and court challenges and the variable nature of international and do- mestic economics have altered the landscape ...
... present the traditional narrow lines of banking and commerce are blurring as the industry responds to change . Loopholes and court challenges and the variable nature of international and do- mestic economics have altered the landscape ...
Page 80
... present regulatory system gov- erning the U.S. financial services industry . The proposal , S. 1905 , the Depository Institution Affiliation Act [ DIAA ] , would enable consumers and businesses to obtain better and more competitively ...
... present regulatory system gov- erning the U.S. financial services industry . The proposal , S. 1905 , the Depository Institution Affiliation Act [ DIAA ] , would enable consumers and businesses to obtain better and more competitively ...
Page 81
... present law in order to better insulate the deposito- ry institution affiliate and prevent abuses . Federal regulators would be given significantly expanded oversight authority and en- forcement capabilities . Finally , the bill would ...
... present law in order to better insulate the deposito- ry institution affiliate and prevent abuses . Federal regulators would be given significantly expanded oversight authority and en- forcement capabilities . Finally , the bill would ...
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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...