The National Consumer Cooperative Bank: Hearings Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-eighth Congress, First Session, May 24, and June 14, 1983 |
From inside the book
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Page 3
... vote to create this bank are testimony to our conviction . I think it is worthwhile though , for the record , to state that the reason we created the co - op bank was because we found out that the regular banking industry neither ...
... vote to create this bank are testimony to our conviction . I think it is worthwhile though , for the record , to state that the reason we created the co - op bank was because we found out that the regular banking industry neither ...
Page 8
... voting stock after it announced the election . On the one hand , these requirements prevented many coopera- tives which had applied to purchase stock from becoming share- holders in time to vote . On the other hand , these same ...
... voting stock after it announced the election . On the one hand , these requirements prevented many coopera- tives which had applied to purchase stock from becoming share- holders in time to vote . On the other hand , these same ...
Page 9
... vote count certified the election results . An official of the CPA firm told us that the firm did not certify the election results because they did not control all aspects of the election . Chairman ST GERMAIN . Is there any way to know ...
... vote count certified the election results . An official of the CPA firm told us that the firm did not certify the election results because they did not control all aspects of the election . Chairman ST GERMAIN . Is there any way to know ...
Page 10
... vote . The report said that 62 of 66 cooperatives that submitted applica- tions to purchase stock by the record date were able to vote . Our review of bank records showed that about 175 cooperatives , not 66 , had applied for bank stock ...
... vote . The report said that 62 of 66 cooperatives that submitted applica- tions to purchase stock by the record date were able to vote . Our review of bank records showed that about 175 cooperatives , not 66 , had applied for bank stock ...
Page 16
... voting stock after it announced the election . On the one hand , these requirements prevented many cooperatives which had applied to purchase stock from becoming shareholders in time to vote . On the other hand , these same requirements ...
... voting stock after it announced the election . On the one hand , these requirements prevented many cooperatives which had applied to purchase stock from becoming shareholders in time to vote . On the other hand , these same requirements ...
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Common terms and phrases
accounting appropriations for operations assets audit Bank Act Behringer Board Member Board of Directors borrowers cable California capital advances capital notes CCDC Chairman ST GERMAIN Co-op Bank committee common stock Congress Consumer Cooperative Bank Consumer Cooperative Development contract Cooperative Development Corporation Cooperative Title counsel December 31 election eligible employees ended September 30 equity Farm Credit Administration Federal financial statements Food Cooperative Frank Sollars GROSS Harkrader housing cooperatives income cooperatives increase interest investments legislation lending loan portfolio loans outstanding low-income cooperatives meeting ment million National Consumer Cooperative NCCB Board notes to financial operating expenses organizations PEACH percent policies preferred stock President question regional offices ROFSKY salary sector Self-Help Development Fund Self-Help Fund September 30 staff STOEHR technical assistance tion Title I loans tive Total U.S. Government U.S. Treasury Varela vote Washington WEISS WYLIE
Popular passages
Page 345 - The objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles.
Page 444 - EC 5-1 The professional judgment of a lawyer should be exercised, within the bounds of the law, solely for the benefit of his client and free of compromising influences and loyalties.
Page 345 - In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures. The objectives of a system...
Page 98 - Education is hereby created, to consist of the Secretary of Agriculture, the Secretary of Commerce, the Secretary of Labor, the United States Commissioner of Education, and three citizens of the United States to be appointed by the President, by and with the advice and consent of the Senate.
Page 481 - If confirmed, are there any issues from which you may have to recuse or disqualify yourself because of a conflict of interest or the appearance of a conflict of interest?
Page 467 - Services. (A) A lawyer shall not enter into an agreement for, charge, or collect an illegal or clearly excessive fee. (B) A fee is clearly excessive when, after a review of the facts, a lawyer of ordinary prudence would be left with a definite and firm conviction that the fee is in excess of a reasonable fee.
Page 346 - Because of inherent limitations in any system of internal accounting control, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. Our study and evaluation made for the limited purposes described in the first paragraph would not necessarily disclose all...
Page 245 - Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying financial statements present fairly the financial position of...
Page 245 - In our opinion, the financial statements referred to above present fairly the financial position of (company name) as of (date) and the results of its operations and the changes in its financial position for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.
Page 203 - Consumer price indexes are developed by the Bureau of Labor Statistics (BLS) of the US Department of Labor and appear in the monthly CPl Detailed Report.