Capital Assistance Act and Deposit Insurance Flexibility Act: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-seventh Congress, Second Session, on S. 2531 ... S. 2532 ... May 26 and 27, 1982U.S. Government Printing Office, 1982 - 566 páginas |
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Palavras e frases frequentes
acquired amended antitrust asset powers authority bank holding company bank mergers believe bill billion Capital Assistance Act capital certificates capital infusion capital instruments Chairman Pratt commercial banks Committee competition Congress cost deposit insurance agencies depository institutions economic eligible FDIC federal charter Federal Deposit Insurance Federal Home Loan Federal Reserve Federal savings bank federally insured FHLBB financial institutions FSLIC Garn Home Loan Bank House insurance agencies Insurance Corporation Insurance Flexibility Act insurance funds insured bank insured institutions interest rates investment issue Jake Garn legislation lending liability limited line of commerce loan associations Loan Bank Board long-term losses McFadden Act merge mergers and acquisitions minority S&Ls mutual savings banks National Bank operating problems proposed purchase qualified institution question real estate restructuring savings and loan state-chartered institutions state-insured statutory subsection thrift industry thrift institutions tion title insurance transaction troubled institutions Worth Guarantee
Passagens conhecidas
Página 513 - The financial transactions of the Corporation for any fiscal year during which Federal funds are available to finance any portion of its operations may be audited by the General Accounting Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States.
Página 514 - ... a statement of sources and application of funds; and such comments and information as may be deemed necessary to keep Congress informed 6f the operations and financial condition of the several corporations, together with such recommendations with respect thereto as the Comptroller General may deem advisable.
Página 513 - The representatives of the General Accounting Office shall have access to all books, accounts, records, reports, files, and all other papers, things, or property belonging to or in use by the Corporation pertaining to its financial transactions and necessary to facilitate the audit...
Página 513 - The audit shall be conducted at the place or places where the accounts of the respective corporations are normally kept. The representatives of the General Accounting Office shall have access to all books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the respective corporations and necessary to facilitate the audit, and they shall be afforded full facilities for verifying transactions with the balances or securities held by depositaries,...
Página 8 - System, the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the Administrator of the National Credit Union Administration...
Página 418 - But the opinion of the Chief Justice leaves me equally without doubt that by the enactment of the Sherman Act in 1890, Congress did not mean to disregard the then accepted conception of the constitutional basis for the regulation of the insurance business. And the evidence is overwhelming that the inapplicability of the Sherman Act, in its contemporaneous setting, to insurance transactions such as those charged by this indictment has been confirmed and not modified by congressional attitude and action...
Página 514 - The report shall set forth the scope of the audit and shall include a statement (showing intercorporate relations) of assets and liabilities, capital, and surplus or deficit; a statement of surplus or deficit analysis; a statement of income and expense...
Página 417 - It is the theory, in ordinary commercial fields, that competition is the desirable check on price levels — the process by which the efficient are rewarded by survival, and the inefficient eliminated by failure. The price of business failures is not regarded as too high for the community to pay in view of advantages to consumers, stimulus toward greater efficiency, and freedom of enterprise. But it is doubtful (to say the least) whether any such assumption is indulged in with respect to deposit...
Página 408 - We are clear, however, that a merger the effect of which "may be substantially to lessen competition" is not saved because, on some ultimate reckoning of social or economic debits and credits, it may be deemed beneficial.
Página 441 - To sum up the major evils of controlled title companies, where a real estate settlement producer is able to direct the purchaser of a title insurance policy to a particular title company and at the same time that producer owns the title company, the purchaser is likely to end up (1) paying unreasonably high premiums, (2) accepting unusually poor service, or (3) accepting faulty title examinations and policies from the controlled title company.