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 |
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Página 1
... believe that the added powers contained in S. 2304 are important , I do not believe they will do the whole job unless our regulatory structure is recast . [ Copy of the bill follows : ] ( 1 ) 94TH CONGRESS 1ST SESSION S. 2304 IN THE ...
... believe that the added powers contained in S. 2304 are important , I do not believe they will do the whole job unless our regulatory structure is recast . [ Copy of the bill follows : ] ( 1 ) 94TH CONGRESS 1ST SESSION S. 2304 IN THE ...
Página 6
... believe that the continuation by a bank holding company of 9 any activity or of ownership or control of any of its sub- 10 sidiaries constitutes a serious risk to the financial safety , 11 soundness , or stability of a bank holding ...
... believe that the continuation by a bank holding company of 9 any activity or of ownership or control of any of its sub- 10 sidiaries constitutes a serious risk to the financial safety , 11 soundness , or stability of a bank holding ...
Página 8
... believe that the bank or any director , officer , 16 employee , agent , or other person participating in the con- 17 duct of the affairs of such bank is about to engage , in an 18 unsafe or unsound practice in conducting the business of ...
... believe that the bank or any director , officer , 16 employee , agent , or other person participating in the con- 17 duct of the affairs of such bank is about to engage , in an 18 unsafe or unsound practice in conducting the business of ...
Página 19
... believe it is a set of legislative scalpels that will let us get in there and cut at weaknesses . At defi- ciencies that we have actually seen in the experience of the last few years . We look forward very much to having Congress give ...
... believe it is a set of legislative scalpels that will let us get in there and cut at weaknesses . At defi- ciencies that we have actually seen in the experience of the last few years . We look forward very much to having Congress give ...
Página 21
... believe that the present hearing and judicial review provisions of the act are sufficient to shield innocent individuals from arbitrary and capricious agency action . 69-710 - 76-4 We have also recommended a number of other technical ...
... believe that the present hearing and judicial review provisions of the act are sufficient to shield innocent individuals from arbitrary and capricious agency action . 69-710 - 76-4 We have also recommended a number of other technical ...
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Términos y frases comunes
action was terminated action with respect adversely classified assets affiliates Agreement to eliminate amended American Bankers Association bank holding company Bank ordered Bank was found bank's bill board of directors cash dividends cease and desist CHAIRMAN civil penalty Comptroller condition and ordered CONGRESS THE LIBRARY continued insured status Corporation desist from unsafe Desist order entered eliminate or reduce extensions of credit FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve System including 12 United individual insider loans insider transactions Insured Status issued Intention to Terminate LIBRARY OF CONGRESS loan portfolio loans or extensions Notice of Intention Order terminated ordered to cease ordered to provide personal dishonesty practices and take provide acceptable management reduce adversely classified section 23A self-dealing status was desired substantial compliance supervisory take affirmative action Terminate Insured Status United States Code unsafe and unsound unsound banking practices unsound condition unsound practices VIOLATIONS MANAGEMENT violations of law
Pasajes populares
Página 37 - 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 36 - 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 28 - ... shall forfeit and pay a civil penalty of not more than $1,000 per day for each day during which such violation continues.
Página 23 - Please let us know if we can be of further assistance. Sincerely, GRAHAM W.
Página 38 - 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 37 - 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 30 - ... 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 39 - ... 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 43 - Any banking institution which violates, or any officer, director, employee, agent, or other person participating in the conduct of the affairs...
Página 39 - ... 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. (e) Discovery of Insider Relationship.