Proposed Federal Banking Commission and Federal Deposit and Savings Insurance Board: Hearings Before the Subcommittee on Bank Supervision and Insurance of ... , 88-1 on H.R. 729 ... H.R. 5874 ... , May 7 ... 15, 1963
1963 - 487 pages
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accounts action agency agree agreement application approval article XV assets authority banking system believe bill branch Chairman charter commercial banks Commission committee Comptroller concerned Congress Currency Department Deposit directors effect Equitable establish examination existing fact FDIC Federal Home Loan Federal Reserve Board Federal Savings functions further give Government hearing holding Home Loan Bank institutions Insurance Corporation interest investment leasing letter limited loan associations Loan Bank Board Long Beach matter McMURRAY meeting merger MULTER national banks operation PATMAN position present problem proposed proxy question reason record reference regulations request respect responsibility result rules Savings & Loan savings and loan savings banks settlement share shareholders statement suggested supervision supervisory things tion trust
Page 80 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of...
Page 430 - Until a transcript of the record in such hearing shall have been filed in a circuit court of appeals of the United States, as hereinafter provided, the commission or board may at any time, upon such notice and in such manner as it shall deem proper, modify or set aside, in whole or in part, any report or any order made or issued by it under this section.
Page 330 - Before approving the application of any such State nonmember bank, the Board of Directors shall give consideration to the factors enumerated in section 6 and shall determine, upon the basis of a thorough examination of such bank, that its assets in excess of its capital requirements are adequate to enable it to meet all of its liabilities to depositors and other creditors as shown by the books of the bank.
Page 57 - ... whether or not the effect of such acquisition or merger or consolidation would be to expand the size or extent of the bank holding company system involved beyond limits consistent with adequate and sound banking, the public interest, and the preservation of competition in the field of banking.
Page 210 - Whenever an insured bank shall have been closed on account of inability to meet the demands of its depositors, payment of the insured deposits in such bank shall be made by the Corporation as soon as possible, subject to the provisions of...
Page 85 - Of equal significance was the recommendation of the Advisory Committee on Banking to the Comptroller of the Currency in 1962.
Page 80 - To exercise by its board of directors or duly authorized officers or agents subject to law all such incidental powers as shall be necessary to carry on the business of banking by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal or real estate security, and by obtaining, issuing, and circulating notes according to the provisions of this act.
Page 349 - ... approval may be given or withheld in his discretion, and shall not be given by him until he has ascertained to his satisfaction that the public convenience and advantage will be promoted by the opening of such branch office...