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, 19631963 - 487 pages |
From inside the book
Results 1-5 of 92
Page 13
... invested in home mortgages ? Mr. MCMURRAY . About 95 percent of the assets , excuse me , savings accounts are invested in home loans . The ratio to total assets is about 85 percent . Mr. MULTER . And the balance of their assets is ...
... invested in home mortgages ? Mr. MCMURRAY . About 95 percent of the assets , excuse me , savings accounts are invested in home loans . The ratio to total assets is about 85 percent . Mr. MULTER . And the balance of their assets is ...
Page 38
... investment , with a contractual right to participate in the association and a constitutional guarantee against the ... investments . Our shareholders own such surplus and have voted how to distribute such among themselves . You requested ...
... investment , with a contractual right to participate in the association and a constitutional guarantee against the ... investments . Our shareholders own such surplus and have voted how to distribute such among themselves . You requested ...
Page 40
... investment , with a contractual right to participate in the association and a constitutional guarantee against the ... investments . Our shareholders own such surplus and have voted how to distribute such among themselves . You requested ...
... investment , with a contractual right to participate in the association and a constitutional guarantee against the ... investments . Our shareholders own such surplus and have voted how to distribute such among themselves . You requested ...
Page 41
... invest in savings associations . Your quality of desiring to believe in and rely upon your legal and super- visorial staff would be admirable were it justified and if it did not lead to dis- astrous results as it has for three out of ...
... invest in savings associations . Your quality of desiring to believe in and rely upon your legal and super- visorial staff would be admirable were it justified and if it did not lead to dis- astrous results as it has for three out of ...
Page 43
... investments were made prior to or on and after April 2 , 1962 . 8. Despite the contentions advanced on pages 4 and 5 of your letter , the Board does not believe that the elimination of free - riders from participating in the Long Beach ...
... investments were made prior to or on and after April 2 , 1962 . 8. Despite the contentions advanced on pages 4 and 5 of your letter , the Board does not believe that the elimination of free - riders from participating in the Long Beach ...
Common terms and phrases
amended applied in approving April April 27 article XV plan assets asso authority bank supervision bank supervisory Beach Federal Savings bill branch branch bank BROCK California Chairman charter COCKE commercial banks commissioner committee Comptroller Congress credit unions Deposit Insurance Corporation depositors directors dissolution of Long dual banking system Equitable Savings examination FDIC Federal Deposit Insurance Federal Home Loan Federal Reserve Board Federal Reserve System functions hearing holding company Home Loan Bank insured banks investment leasing letter loan associations Loan Bank Board Loan Insurance Corporation Long Beach Federal Long Beach shareholders matter MCMURRAY member banks ment MULTER National Bank Act national banks operation PATMAN percent plan of dissolution problem question regulations responsibility Savings & Loan savings accounts savings and loan savings banks settlement agreement State-chartered statute subcommittee tion trust U.S. attorney vote WILFAND
Popular passages
Page 78 - 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 295 - Government in the field of home finance is with the Federal Home Loan Bank Board. That agency performs functions dealing with the Federal Home Loan Bank System, the Federal Savings and Loan System, and the Federal Savings and Loan Insurance Corporation.
Page 428 - 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 328 - 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 55 - ... 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 208 - 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 83 - Of equal significance was the recommendation of the Advisory Committee on Banking to the Comptroller of the Currency in 1962.
Page 78 - 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 347 - ... 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...
Page 439 - Part 545 of the Rules and Regulations for the Federal Savings and Loan System...