To Preserve the Authority of the Federal Banking Supervisory Agencies to Arrange Interstate Acquisitions and Mergers for Failed and Failing Banks: Hearings Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-ninth Congress, Second Session, on H.R. 4701 ... May 1, 6, 7, and 8, 1986 |
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Page 6
... National Housing 5 Act , any provision of State law , nor the constitution of any 6 State , shall bar approval , consummation or retention of an 7 acquisition authorized under paragraph ( 2 ) or ( 3 ) , except that 8 an out - of - State ...
... National Housing 5 Act , any provision of State law , nor the constitution of any 6 State , shall bar approval , consummation or retention of an 7 acquisition authorized under paragraph ( 2 ) or ( 3 ) , except that 8 an out - of - State ...
Page 18
... National Bank there . As you indicate , I have the privilege and honor of serving as president of the IBAA , representing some 7400 medium and small banks from throughout all the 50 States . Mr. Chairman , I appreciate the opportunity ...
... National Bank there . As you indicate , I have the privilege and honor of serving as president of the IBAA , representing some 7400 medium and small banks from throughout all the 50 States . Mr. Chairman , I appreciate the opportunity ...
Page 20
... national firms , espe will purchase existing banks or thrifts , convert t and begin accepting insured deposits nationwide sibility can be eliminated by removing the " a guage in the emergency takeover provisions a nonbank bank loophole ...
... national firms , espe will purchase existing banks or thrifts , convert t and begin accepting insured deposits nationwide sibility can be eliminated by removing the " a guage in the emergency takeover provisions a nonbank bank loophole ...
Page 20
... State statutes authorizing region- al or national interstate acquisitions . Currently , over 30 States now have such laws , and more are anticipated in the next few months . Several States at the same time have revamped intrastate ...
... State statutes authorizing region- al or national interstate acquisitions . Currently , over 30 States now have such laws , and more are anticipated in the next few months . Several States at the same time have revamped intrastate ...
Page 20
... banks would be required to meet pub sponsibilities when they cross State lines . Those standards have never become law - through no fa this committee . Yet , approximately 20 States have authoriz gional or national interstate ...
... banks would be required to meet pub sponsibilities when they cross State lines . Those standards have never become law - through no fa this committee . Yet , approximately 20 States have authoriz gional or national interstate ...
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Common terms and phrases
acquiring banks agencies Amounts in Millions Angermueller areas authority B&TC BANCORP BANCSHARES bank holding company bank or bank bank supervisor banking system banks in danger Banks with Assets BARNARD BART GORDON benefits bidders bill BILL MCCOLLUM BUDDY ROEMER capital CARROLL HUBBARD Chairman ST GERMAIN Citicorp Companies with Assets Congress consumer cost danger of closing deal December 31 Deposit Insurance DOUG BEREUTER expand failing bank FDIC assistance Federal Home Loan Federal Reserve FHLBanks Financing Corporation Florida FSLIC FSLIC recapitalization GAISWINKLER Garn-St Germain Act hearing Home Loan Bank Illinois in-state bank industry insured bank Insured Commercial Banks interstate acquisition interstate banking KUTHY MARCY KAPTUR MARGE ROUKEMA merger National Bank out-of-state bank holding permit problem question regulators regulatory RIDEOUT Seidman shareholders situation statement STEVE BARTLETT SUBCOMMITTEE ON FINANCIAL Subsidiary Tennessee testimony Texas Thank threshold thrift tion transaction VENTO William Seidman WORTLEY WYLIE
Popular passages
Page 576 - ... is likely to cause insolvency or substantial dissipation of assets or earnings of the bank, or is likely to otherwise seriously prejudice the interests of its depositors, the agency may issue a temporary order requiring the bank to cease and desist from any such violation or practice.
Page 20 - Thank you, Mr. Chairman. I very much appreciate the opportunity to testify today on the important subject of the environmental impacts from increasing United States activities in Antarctica.
Page 246 - Statement by Paul A. Volcker Chairman, Board of Governors of the Federal Reserve System before the Subcommittee on Financial Institutions Supervision, Regulation and...
Page 324 - States, or (B) any other proposed merger transaction whose effect in any section of the country may be substantially to lessen competition, or to tend to create a monopoly, or which in any other manner would be in restraint of trade, unless it finds that the anticompetitive effects of the proposed transaction are clearly outweighed in the public interest by the probable effect of the transaction in meeting the convenience and needs of the community to be served.
Page 247 - It is a major responsibility that can best be met by establishing audit sites at the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.
Page 448 - I would ask that the text of my written comment be included into the hearing record, and I would be pleased to answer any questions. Thank you. [The prepared statement of Mr.
Page 319 - Impact of Bank Holding Companies on Competition and Performance in Banking Markets.
Page 317 - Concentration in Banking and Its Effect on Business Loan Rates," Review of Economics and Statistics (August 1964) pp. 294-300.
Page 276 - Federal supervisory authority to "assess the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution...
Page 550 - MR. CHAIRMAN, THAT CONCLUDES MY PREPARED REMARKS. I WOULD BE PLEASED TO ANSWER ANY QUESTIONS THAT YOU OR THE MEMBERS OF THE COMMITTEE MAY HAVE AT THIS TIME.