Issues Concerning Investing in High-yield Bonds by FSLIC Insured Depository Institutions: Hearing Before the Subcommittee on General Oversight and Investigations of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred First Congress, First Session, March 2, 1989, Volume 4 |
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11 thrifts Altman assets in high bank loans BARNARD billion bond prices bonds outstanding Chairman HUBBARD commercial loans Congressman corporate debt corporate takeovers credit analysis credit cards default rates diversification Drexel Burnham Lambert Federal Home Loan Federal Reserve federally insured thrifts FHLBB financing FOGEL FSLIC GAAP net worth GILLMOR growth guidelines hearing high yield bonds Home Loan Bank increased insolvent institution's Insurance Corporation interest rates invest in high investment grade bonds investment policy investors issuer junk bonds LBOS leveraged buyouts limitations Loan Bank Board loss reserve loss reserve allowances managing high yield ment mergers and acquisitions mortgage officials oversight percent of assets purchasing recession regulations regulatory returns on high risk based capital risks and returns S&Ls Savings and Loan standards subcommittee Thrift Bulletin thrift industry thrift institutions thrift investments thrifts we visited WEFA yield bond investments yield bond market yield bond portfolio yield bonds issued
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Page 36 - The Honorable Henry B. Gonzalez Chairman, Committee on Banking, Finance and Urban Affairs House of Representatives This report discusses issues associated with reforming the deposit insurance system.
Page 36 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 24 - Includes the Office of the Comptroller of the Currency; the Federal Deposit Insurance Corporation; the Federal Home Loan Bank Board; the...
Page 42 - Federal Home Loan Bank Board. FSLIC — Federal Savings and Loan Insurance Corporation.
Page 4 - SEC. 22. (a) In order to enable the board to carry out the provisions of this Act, the Treasury Department, the Comptroller of the Currency, the Federal Reserve Board, and...
Page 36 - Currency, the Board of Governors of the Federal Reserve System, the Federal Savings and Loan Insurance Corporation, the Federal Deposit Insurance Corporation, the...
Page 93 - Recipients of this draft must not show or release its contents for purposes other than official review and comment under any circumstances. At all times it must be safeguarded to prevent publication or other improper disclosure of the information contained therein.
Page 86 - ... worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
Page 89 - OCC's report states that management-driven weaknesses played a significant role in the decline of 90 percent of the failed and problem banks OCC evaluated.
Page 89 - ... was related to their failure to provide adequate oversight and controls. Economic decline contributed to the difficulties of many of the failed and problem banks. It was, in fact, a significant cause of problems in more than one-third of the banks we evaluated. Rarely, however, were economic factors the sole cause of a bank's decline. All but 7 percent of the failed and problem banks also had significant internal problems related to management. This paper presents the findings of our study. It...