Financial Institutions Supervisory Powers: Hearing Before the Committee on Banking, Housing and Urban Affairs, United States Senate, Ninety-fourth Congress, Second Session, on S. 2304 ... March 26, 1976U.S. Government Printing Office, 1976 - 90 páginas |
Dentro del libro
Resultados 1-5 de 13
Página 1
... examinations is perhaps the broadest possessed by any regulatory agency . Yet the capitalization of our banking institutions has deteriorated , and it has deteriorated more gravely under some regulators more than others . Thus , while I ...
... examinations is perhaps the broadest possessed by any regulatory agency . Yet the capitalization of our banking institutions has deteriorated , and it has deteriorated more gravely under some regulators more than others . Thus , while I ...
Página 19
... examination of the present restrictions on the operation of banks and actions of bank officers , directors , and employees indicates that in many instances violations of those restrictions carry either no penalties 19 Holland, Governor ...
... examination of the present restrictions on the operation of banks and actions of bank officers , directors , and employees indicates that in many instances violations of those restrictions carry either no penalties 19 Holland, Governor ...
Página 23
... examination ; checks could no longer be held to prevent over- drafts , unsecured loans would no longer be made without adequate financial data supporting the credit , no secured loans without necessary supporting papers , new loans ...
... examination ; checks could no longer be held to prevent over- drafts , unsecured loans would no longer be made without adequate financial data supporting the credit , no secured loans without necessary supporting papers , new loans ...
Página 35
... examination process to deal with the problem of insider abuse . SCOPE OF THE REGULATION The regulation applies to all insured State nonmember commercial banks and to any majority - owned subsidiary of such a bank . It defines an ...
... examination process to deal with the problem of insider abuse . SCOPE OF THE REGULATION The regulation applies to all insured State nonmember commercial banks and to any majority - owned subsidiary of such a bank . It defines an ...
Página 40
... examination of the involved banks . SUMMARY Bank No. 1. - Deposits- $ 64,556,000 . Cease and Desist order entered on 6-17-71 . Bank ordered to cease and desist from unsafe and unsound practices and take affirmative action with respect ...
... examination of the involved banks . SUMMARY Bank No. 1. - Deposits- $ 64,556,000 . Cease and Desist order entered on 6-17-71 . Bank ordered to cease and desist from unsafe and unsound practices and take affirmative action with respect ...
Otras ediciones - Ver todas
Términos y frases comunes
action with respect adversely classified assets affiliates aggregation Agreement to eliminate amended American Bankers Association bank holding company Bank ordered Bank was found bank's BARNETT bill board of directors capital cease and desist CHAIRMAN civil penalty committee Comptroller condition and ordered continued insured status Corporation Deposit Insurance Act desist from unsafe Desist order entered effective extensions of credit FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve System Holding company-total assets HOLLAND including 12 United individual insider loans insider transactions Insured Status issued loan policies loan portfolio loans or extensions member bank Notice of Charges Notice of Intention Order terminated ordered to cease personal dishonesty practices and take reduce adversely classified regulation section 23A self-dealing shareholders substantial compliance take affirmative action Terminate Insured Status United States Code unsafe and unsound unsound banking practices unsound condition unsound practices VIOLATIONS MANAGEMENT violations of law XX XX
Pasajes populares
Página 39 - control' (including the terms 'controlling,' 'controlled by' and 'under common control with') means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise.
Página 38 - Information pertaining to such insider transactions shall be readily accessible to examiners and shall include all documents and other material relied upon by the board in approving each transaction, including the name of the insider, the insider's position or relationship that causes such person to be considered an insider, the date on which the transaction was approved by the board, the type of insider transaction and the relevant terms of the transaction, any other pertinent facts which serve...
Página 30 - ... shall forfeit and pay a civil penalty of not more than $1,000 per day for each day during which such violation continues.
Página 25 - Please let us know if we can be of further assistance. Sincerely, GRAHAM W.
Página 40 - The minutes of the meeting at which approval is given shall indicate the nature of the transaction or transactions, the parties to the transaction or transactions, that such review was undertaken and approval given, and the names of individual directors or trustees who voted to approve or disapprove the transaction or transactions. In the case of negative votes, a brief statement of each dissenting director's or trustee's reason for voting to disapprove the proposed insider transaction or transactions...
Página 39 - Such supervisory action may involve institution of formal proceedings under section 8 of the Federal Deposit Insurance Act. Among the factors which the Corporation will consider in determining the presence of unsafe or unsound banking practices involving insider transactions are: (1) Whether, because of preferential terms and conditions, such insider transactions are likely to result in significant loan losses, excessive costs, or other significant economic detriment which would not occur in a comparable...
Página 32 - ... an order to cease and desist from any such violation or practice. Such order may, by provisions which may be mandatory or otherwise, require the institution or its directors, officers, employees, agents, and other persons participating in the conduct of the affairs...
Página 41 - ... the bank shall promptly report such transaction in writing to the Regional Director of the Corporation in charge of the Region in which the bank is headquartered. (F) KNOWLEDGE OF PROPOSED INSIDER TRANSACTION Any insider, having knowledge of an...
Página 39 - of a person, whether through the ownership of voting securities, by contract, or otherwise. (4) Insider. The term "insider" means any officer or employee who participates or has authority to participate in major policy-making functions of a bank, any director or trustee of a bank, or any other person who has direct or indirect control over the voting rights of ten percent of the shares of any class of voting stock of a bank or otherwise controls the management or policies of a bank. (5) Person related...
Página 40 - ... series of related business transactions between a bank and: (i) An insider of the bank; (ii) A person related to an insider of the bank; (iii) Any other person where the transaction is made in contemplation of such person becoming an insider of the bank; or (iv) Any other person where the transaction inures to the tangible economic benefit of an insider or a person related to an insider. (7) Business transaction. The term "business transaction...