FDIC Report on Preferential Bank Lending: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-fifth Congress, Second Session ... March 16, 1978
U.S. Government Printing Office, 1978 - 188 páginas
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2ND HALF abuses accounts action addition agencies amendments AMOUNT approval ASSET balances bank holding company bank stock loans bank's borrower CHAIRMAN Committee consider Corporation cost currently Daily average Definitions and Instructions demand deposit determine directors dollar examiners EXECUTIVE OFFICERS FDIC Federal fees FIXED AND FLOATING FIXED RATE LOANS FLOATING RATE LOANS Gross HEIMANN indicate individual insider transaction institution listed Instructions applicable thereto insured INTEREST RATES CHARGED involved LEMAISTRE lending bank listed in item LOAN AMOUNT LOAN ORIGINATION LOANS OUTSTANDING loans to insiders maintained MAJOR STOCKHOLDERS MILLION month NUMBER OF LOANS outstanding PARTEE percent period person points preferential PRIOR proposed public officials question recorded regulation relationship reporting bank Schedule secured Senator SEPTEMBER 30 shares SOURCE specific statement stock was pledged survey TABLE tion TOTAL FIXED Total number United
Página 16 - ... under common control with, the person specified. (b) Control. The term "control" (including the terms "controlling", "controlled by" and "under common control with") means the possession, direct or indirect, 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...
Página 39 - Professor and director of the Center for the Study of American Business at Washington University in St. Louis, Missouri.
Página 16 - bank" means an insured State nonmember commercial or mutual savings bank, and any majority-owned subsidiary of such bank. (2) Person. The term "person" means a corporation, partnership, association, or other business entity; any trust; or any natural person. (3) Control The term "control...
Página 17 - Insider transaction. The term "insider transaction" means any business transaction or 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.
Página 84 - ... or had the power to exercise a controlling influence over the management or policies of the debtor...
Página 13 - Requests should be directed to the Office of the Executive Secretary, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington, DC 20429.
Página 31 - ... program; I am favoring it. I only called attention to the words of Senator Pepper, "menace to international peace." Mr. FISH. That is ridiculous ; why discuss it ? Professor HUDSON. The problem is now being cast in various newspapers in the terms of the new light that Senator Pepper threw on it. Mr. FISH. I was not here at the beginning of the hearing, and I was the one who made a motion for this committee to meet, and I trust that the gentleman who has just spoken will be given full liberty...
Página 18 - ... 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 to explain or support the basis for the board's decision, and any statements submitted for the minutes or the file by directors or trustees who voted not to approve the transaction setting forth their reasons for such vote.