Financial Institutions Safety and Consumer Choice Act of 1991: Hearing Before the Committee on Agriculture, House of Representatives, One Hundred Second Congress, First Session, on H.R. 6, September 11, 1991U.S. Government Printing Office, 1991 - 204 páginas |
Outras edições - Ver tudo
Palavras e frases frequentes
accounts activities Additional Features agricultural lending agricultural loans assets BALLWEG Bank Insurance Fund Bankers Association banking industry banking system believe bill billion branch banking broker California capital CFTC Chairman Clearing House clearing member clearing organization commercial banks Commodity Exchange Act community banks competition concern Consumer Choice Act credit crunch customer funds deposit insurance deposit insurance coverage economic farm banks Farm Credit Farm Credit System farmers FDIC Federal Reserve financial markets financial services functional regulator futures commission merchants futures contract futures exchanges GARDNER GLAUBER going holding company HUCKABY income increase interest interstate banking interstate branching large banks legislation lenders National Reciprocal NCNB netting agreement netting contract netting provisions percent in 1990 portfolio premiums problem production loans protect ranchers real estate Regional Reciprocal requirements rural America rural banks rural communities small banks small businesses STENHOLM Subtitle systemic risk testimony Thank tion too-big-to-fail urban banks
Passagens conhecidas
Página 115 - Risk to the Safety Net If the financial firewalls fail, the Treasury bill will extend the federal safety net under massive financial/commercial conglomerations. Under the too-big-to-fail doctrine the taxpayers could wind up underwriting all of the risks they take. As the GAO put in recent testimony: [N]ot enough is known about what would happen if the new conglomerates established by such a policy were to experience financial difficulty and possibly create the need for megabailouts. Taxpayers could...
Página 173 - Michigan, North Dakota, Nebraska, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Dakota, Tennessee, Vermont, Washington and West Virginia) have nationwide reciprocal laws which allow entry by banks from states which allow reciprocal entry by for their banks. Fifteen states (Alabama, Arkansas, District of Columbia, florida, Georgia, Iowa, Kansas, Maryland, Minnesota, Mississippi, Missouri, North Carolina, South Carolina, Virginia and Wisconsin) have reciprocal agreements...
Página 5 - Authorize you to prepare and transmit, to the Committee on the Judiciary and the Committee on Ways and Means of the House of Representatives and to the Committee on the Judiciary and the Committee on Finance of the Senate, a...
Página 76 - The CHAIRMAN. If there are no further questions, we thank you very much, Mr.
Página 158 - The member organizations of the American Bankers Association range in size from the smallest to the largest banks, with 85 percent of our members having assets of less than $100 million. The combined assets of our members comprise about 95 percent of the total assets of the commercial banking industry.
Página 66 - If not, the committee will stand in recess until 2 o'clock. (Whereupon, at 12:45 pm, the committee recessed to reconvene at 2 pm of the same day.) AFTERNOON SESSION Present: Senator Ellender (chairman), Aiken, Thye, and Kem.
Página 102 - Board of Governors of the Federal Reserve System Mr. Chairman, I am pleased to be here today to...
Página 116 - ... increase in concentration in the banking industry has been dramatic — and alarming. In the years 1976 to 1987, the number of banks controlled by multi-bank holding companies doubled from 2,296 to 4,465, while the number of unit banks plummeted 59 percent, from 10,608 to 4,375. Even more alarming, multi-bank holding companies increased their share of assets in that period from 36% to 70%, while the...
Página 124 - Gibbs, and I am here today in my capacity as President of the Association of Metropolitan Sewerage Agencies, an organization representing the large sewerage agencies throughout the United States.
Página 86 - ... I have also spent nine months in the US Senate and now nearly three years as Secretary of the Treasury. As a consequence of this experience, I am especially pleased to appear before you today to discuss the pressing need to strengthen and modernize our nation's banking and financial services laws. The plain fact is that the laws on the books no longer reflect the way financial companies do business. Until we recognize this and act, our financial system will be exposed to further decay. Our financial...