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 7
... period , 19 the Corporation may use the authority of this paragraph only 20 by a unanimous vote of the Board of Directors . The Board of 21 Directors shall provide to the State supervisor , as soon as 22 practicable , a written ...
... period , 19 the Corporation may use the authority of this paragraph only 20 by a unanimous vote of the Board of Directors . The Board of 21 Directors shall provide to the State supervisor , as soon as 22 practicable , a written ...
Page 12
... period 6 provided in subparagraph ( C ) , such State bank supervisor 7 certifies to the Board that— 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 " ( i ) a person or persons have , prior to the notice period in subparagraph ( C ) ...
... period 6 provided in subparagraph ( C ) , such State bank supervisor 7 certifies to the Board that— 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 " ( i ) a person or persons have , prior to the notice period in subparagraph ( C ) ...
Page 13
... period of section 11 of this Act to five 14 days or , if the Board finds that immediate action is necessary 15 to prevent the probable failure of any such banks , eliminate 16 such period . " . 17 18 WAIVER OF NOTICE REQUIREMENTS SEC ...
... period of section 11 of this Act to five 14 days or , if the Board finds that immediate action is necessary 15 to prevent the probable failure of any such banks , eliminate 16 such period . " . 17 18 WAIVER OF NOTICE REQUIREMENTS SEC ...
Page 15
... period of section 11 of this Act to five 14 days or , if the Board finds that immediate action is necessary 15 to prevent the probable failure of any such banks , eliminate 16 such period . " . 17 18 WAIVER OF NOTICE REQUIREMENTS SEC ...
... period of section 11 of this Act to five 14 days or , if the Board finds that immediate action is necessary 15 to prevent the probable failure of any such banks , eliminate 16 such period . " . 17 18 WAIVER OF NOTICE REQUIREMENTS SEC ...
Page 20
... period of time not to exceed 18 months and to allow for a more orderly bidding procedure . One feature of the operation of the emergency takeover law has been the dominance of the money center banks . Time after time , they have ...
... period of time not to exceed 18 months and to allow for a more orderly bidding procedure . One feature of the operation of the emergency takeover law has been the dominance of the money center banks . Time after time , they have ...
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Common terms and phrases
acquire acquisition additional allow Amendments Amounts in Millions application approved areas asked Assets assistance authority bank holding company BARNARD believe benefits bill Board California capital Chairman ST GERMAIN changes City Commercial Banks Committee concerns Congress consider consumer Corporation cost danger of closing deal December 31 deposit effect emergency emergency acquisition existing expand fact failing bank FDIC Federal Federal Reserve Board Financial Institutions FSLIC funds give going hearing Home House Illinois important in-state increased industry insured interstate interstate acquisition issue legislation limited loan Location meet Michigan million National Bank Office out-of-state permit possible powers present problem proposed purchase question reasonable recapitalization regional regulators REPRESENTATIVES Reserve response Savings situation specific statement Subcommittee Subsidiary supervisor Tennessee testimony Texas Thank tion transaction troubled units VOLCKER Washington YORK
Popular passages
Page 586 - ... 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 26 - 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 258 - Statement by Paul A. Volcker Chairman, Board of Governors of the Federal Reserve System before the Subcommittee on Financial Institutions Supervision, Regulation and...
Page 336 - 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 259 - 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 460 - 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 331 - Impact of Bank Holding Companies on Competition and Performance in Banking Markets.
Page 329 - Concentration in Banking and Its Effect on Business Loan Rates," Review of Economics and Statistics (August 1964) pp. 294-300.
Page 288 - 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 562 - 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.