Annual Report of the Federal Deposit Insurance Corporation for the Year Ending ...The Corporation, 1967 - Banks and banking Beginning with 1981, merger decisions of the Corporation are published separately as vol. 2 of the Annual report. |
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Page 15
... serves were equivalent to between 6 and 7 percent of commercial bank net income in 1967 . Number of banks . During 1967 the number of insured commercial banks and trust companies declined by 24 to 13,517 . ( Including mu- tual savings ...
... serves were equivalent to between 6 and 7 percent of commercial bank net income in 1967 . Number of banks . During 1967 the number of insured commercial banks and trust companies declined by 24 to 13,517 . ( Including mu- tual savings ...
Page 19
... serving as receiver in each case . Following the pattern of failures in recent years , the four banks failed largely as a result of managerial weaknesses and illegal prac- tices rather than as a result of an unfavorable economic ...
... serving as receiver in each case . Following the pattern of failures in recent years , the four banks failed largely as a result of managerial weaknesses and illegal prac- tices rather than as a result of an unfavorable economic ...
Page 22
... served by the bank , and ( 6 ) the consist- ency of its corporate powers with the purposes of the Act . Banks char- tered by the States and not members of the Federal Reserve System must apply to and be approved by the Corporation to ...
... served by the bank , and ( 6 ) the consist- ency of its corporate powers with the purposes of the Act . Banks char- tered by the States and not members of the Federal Reserve System must apply to and be approved by the Corporation to ...
Page 23
... served . A merger which has anti - competitive effects may be approved if this fac- tor is clearly outweighed from the standpoint of the public interest by the probable effect with respect to the convenience and needs of the community ...
... served . A merger which has anti - competitive effects may be approved if this fac- tor is clearly outweighed from the standpoint of the public interest by the probable effect with respect to the convenience and needs of the community ...
Page 33
... serves as Chairman of the Board . The Comptroller of the Currency serves ex - officio as the third member of the Board . Mr. William W. Sherrill , Director of the Corporation since March 4 , 1966 , resigned on April 30 , 1967 to accept ...
... serves as Chairman of the Board . The Comptroller of the Currency serves ex - officio as the third member of the Board . Mr. William W. Sherrill , Director of the Corporation since March 4 , 1966 , resigned on April 30 , 1967 to accept ...
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Common terms and phrases
applicant applicant's assets and liabilities Bank and Trust bank premises bank's Banking Offices Banks operating branches Basis for Corporation Board of Directors Branch Banking Convenience and Needs Corporation approval County current operating December 30 deposit accounts Deposit Insurance Act Deposit Insurance Corporation depositors disbursements dividends employees expense of bank FDIC Federal Deposit Insurance Federal Reserve System filed funds Grove City INCOME OF INSURED insured bank insured commercial banks insured State nonmember insured status IPC deposits largest bank Lebanon County located Lynchburg main office merging banks miles million mortgage loans mutual savings banks Myerstown National Bank nonmember bank Number of banks Occupancy expense Offices In operation percent proposed merger Recoveries report by Attorney Resources in thousands resulting bank service area statement substantially lessen competition thousands of dollars tion total deposits Transfers from valuation Transfers to valuation trial examiner Trust Company Uniform Commercial Code Unit banks valuation reserves
Popular passages
Page 124 - Comptroller of the Currency in the case of a national bank or a District bank...
Page 102 - General notice of proposed rule making shall be published in the Federal Register, unless persons subject thereto are named and either personally served or otherwise have actual notice thereof in accordance with law.
Page 101 - ... (B) statements of the general course and method by which its functions are channeled and determined, including the nature and requirements of all formal and informal procedures available...
Page 103 - Every agency also shall maintain and make available for public inspection and copying a current index providing identifying information for the public as to any matter which is issued, adopted, or promulgated after the effective date of this Act and which is required by this subsection to be made available or published.
Page 124 - In computing any period of time prescribed or allowed by these rules, by the local rules of any district court, by order of court, or by any applicable statute, the day of the act, event, or default from which the designated period of time begins to run shall not be included.
Page 128 - Board shall find that any violation or unsafe or unsound practice specified in the notice of charges...
Page 104 - Corporation may accept any report made by or to any commission, board, or authority having supervision of a State nonmember bank (except a District bank), and may furnish to the Comptroller of the Currency, to any Federal Reserve bank, and to any such commission, board, or authority, reports of examinations made on behalf of, and reports of condition made to, the Corporation.
Page 102 - To the extent required to prevent a clearly unwarranted invasion of personal privacy, an agency may delete identifying details when it makes available or publishes an opinion, statement of policy, interpretation, or staff manual or instruction.
Page 120 - ... the officer before whom it is desired that the deposition be taken. Thereupon the Commission will make and serve upon the parties or their attorneys an order wherein the Commission will name the witness whose deposition is to be taken, and specify the time when, the place where, and the officer before whom the witness is to testify, but such time and place, and the officer before whom the deposition is to be taken, so specified in the Commission's order, may or may not be the same as those named...
Page 130 - Unless the association shall appear at the hearing by a duly authorized representative, it shall be deemed to have consented to the issuance of the cease-and-desist order.