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 4
... borrower established by section 5200 23 of the Revised Statutes , as amended , in the case of national 24 banking associations , or by the State law applicable in the 25 case of State member banks . 1 " ( 2 ) For purposes of this section 4.
... borrower established by section 5200 23 of the Revised Statutes , as amended , in the case of national 24 banking associations , or by the State law applicable in the 25 case of State member banks . 1 " ( 2 ) For purposes of this section 4.
Página 21
... borrowers , is not objectionable in and of itself , and in fact such loans may well help the community and at the ... borrower established by Federal or State law . I should alert the committee that , among the three kinds of insiders I ...
... borrowers , is not objectionable in and of itself , and in fact such loans may well help the community and at the ... borrower established by Federal or State law . I should alert the committee that , among the three kinds of insiders I ...
Página 24
... borrowers with classified loans ; no increase in aggregate credit extensions unless advance is demonstrably in best interests of bank ; no credit extensions in excess of legal lending limits ; restrict further credit advances to ...
... borrowers with classified loans ; no increase in aggregate credit extensions unless advance is demonstrably in best interests of bank ; no credit extensions in excess of legal lending limits ; restrict further credit advances to ...
Página 25
... borrowers who were not creditworthy , and the placement of some of these credits into subsidiary banks . Order : Prohibited the issuance of letters of credit and making , guaranteeing , or participating in loans without Board approval ...
... borrowers who were not creditworthy , and the placement of some of these credits into subsidiary banks . Order : Prohibited the issuance of letters of credit and making , guaranteeing , or participating in loans without Board approval ...
Página 26
... borrower's ability to repay , violations of Section 22 ( g ) of the Federal Reserve Act and Regulation O , insider self - dealing . Order : Required the repayment of insider borrowings , limitations on the further extension of credit to ...
... borrower's ability to repay , violations of Section 22 ( g ) of the Federal Reserve Act and Regulation O , insider self - dealing . Order : Required the repayment of insider borrowings , limitations on the further extension of credit to ...
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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.