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 15
... proposals , the facts regar so - called emergency , the full cost of the proposed remedie mensions of the purported benefits , what is or what is not bank , will have to be thoroughly weighed by the member subcommittee , as well as the ...
... proposals , the facts regar so - called emergency , the full cost of the proposed remedie mensions of the purported benefits , what is or what is not bank , will have to be thoroughly weighed by the member subcommittee , as well as the ...
Page 18
... proposals . We wholeheartedly agree with your recent characterization of these proposals as " interstate banking without the trigger . " If they are adopted , control of the banking industry will become vested in fewer and fewer hands ...
... proposals . We wholeheartedly agree with your recent characterization of these proposals as " interstate banking without the trigger . " If they are adopted , control of the banking industry will become vested in fewer and fewer hands ...
Page 20
... proposals under discussion today Turning first to the so - called regulators ' proposal , the orig bill encountered opposition in some quarters on grounds th would allow out - of - State banks to enter States that they would erwise be ...
... proposals under discussion today Turning first to the so - called regulators ' proposal , the orig bill encountered opposition in some quarters on grounds th would allow out - of - State banks to enter States that they would erwise be ...
Page 20
... proposals seek nothing expansion of Federal authority to order intersta banks . These proposals are being offered ... proposed by the bill . I the 120 commercial banks that failed in 1985 , w or subsequently acquired , had assets of ...
... proposals seek nothing expansion of Federal authority to order intersta banks . These proposals are being offered ... proposed by the bill . I the 120 commercial banks that failed in 1985 , w or subsequently acquired , had assets of ...
Page 20
... proposal poses a broad expansion of interstate authority . We find the idea that State expansion of inter- state ... propose to make it even easier for banks to buy their way into States through emergency acquisitions and then to expand ...
... proposal poses a broad expansion of interstate authority . We find the idea that State expansion of inter- state ... propose to make it even easier for banks to buy their way into States through emergency acquisitions and then to expand ...
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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.