Deposit Insurance Reform and Financial Modernization: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred First Congress, Second Session, on Reforming Federal Deposit Insurance, Modernizing the Regulation of Financial Services, and Maintaining the International Competitiveness of U.S. Financial Institutions, Volumen3

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Página 252 - Board, the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of Management and Budget.
Página 163 - US Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549 TESTIMONY OF RICHARD C. BREEDEN, CHAIRMAN US SECURITIES AND EXCHANGE COMMISSION CONCERNING...
Página 101 - DEFINITION OF CAPITAL Capital components are distributed between two categories (Tier 1 and Tier 2). Tier 2 capital elements will qualify as part of a bank's total capital base up to a maximum of 100% of that bank's Tier 1 capital. Beginning December 31, 1992, the minimum riskbased capital standard will be 8.0%. Definition of Capital Tier 1: • Common stockholders' equity; • Noncumulative perpetual preferred stock and any related surplus; and • Minority interests in the equity accounts of consolidated...
Página 146 - A member bank and its subsidiaries may engage in any of the transactions described in paragraph (2) only — (A) on terms and under circumstances, including credit standards, that are substantially the same, or at least as favorable to such bank or its subsidiary, as those prevailing at the time for comparable transactions with or involving other nonaffiliated companies...
Página 460 - Well-managed firms in each of these areas have remained in business for many years, successfully managing their business risks and delivering profits to their investors. There is no reason to expect that these activities will suddenly become riskier if they are conducted under the auspices of a banking firm. As long as the safety net is not extended to those activities, there is no reason why they should increase the potential exposure of the deposit insurance fund. If...
Página 147 - Board shall consider whether its performance by an affiliate of a holding company can reasonably be expected to produce benefits to the public, such as greater convenience, increased competition, or gains in efficiency, that outweigh possible adverse effects, such as undue concentration of resources, decreased or unfair competition, conflicts of interests, or unsound banking practices.
Página 180 - Commission is responsible for the administration and enforcement of the Securities Act of 1933, the Securities Exchange Act of 1934, the Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.
Página 115 - Joint Committee on Taxation, General Explanation of the Tax Reform Act of 1986 (Blue Book) (CCH), at 6J1.
Página 47 - ... where the depository institution contests the regulator's determination. In cases where an institution's capital is deteriorating, the progressive discipline framework described above would establish a systematic program of progressive action based on the capital of the institution, instead of requiring the regulator to determine on a case-by-case basis, as a precondition to remedial action,, that an unsafe or unsound practice exists. This program would introduce a greater level of consistency...
Página 470 - GAO comments supplementing those in the report text appear at the end of this appendix. o Comptroller of the Currency Administrator of National Banks Washington, DC 20219 June 16, 1998 Mr.

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