Bank Account Safety and Soundness Act (H.R. 5590): Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred First Congress, Second Session, September 27, 1990, Volume 4 |
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$1 billion accepted accounting principles accounting treatment amount assets bailout bank failures Bank Insurance Fund banking industry banking system Bill Seidman Chairman ANNUNZIO chartered commercial banks Congress coverage credit union insurance Credit Union Share current system deposit insurance fund deposit insurance premiums deposit insurance reform deposit insurance system depositors depository institutions dividend equity examinations FDIC FDIC's Federal Deposit Insurance Federal Reserve federally insured financial institutions FIRREA Fogel foreign deposits Frank Annunzio FSLIC GAAP increase insured credit unions insured deposits insured shares investment issues KLECZKA large banks Marcy Kaptur market discipline moral hazard national banks National Credit Union NCUA NCUSIF percent deposit proposal ratio real estate recapitalization regulator and insurer regulatory reserve ratio risk risk-based safety and soundness Seidman September 27 Share Insurance Fund SOUTH HOLLAND statement subcommittee supervision taxpayer too-big-to-fail Treasury uninsured Union Share Insurance unsecured creditors WATERMAN WILLIAM SEIDMAN WYLIE
Popular passages
Page 80 - Islands, except those which have been included in deposits in the report of condition or which have been offset in the report of condition by an equal amount of cash items in its possession drawn on itself (on the same type of...
Page 80 - State" means a State, the District of Columbia, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, or the Virgin Islands. (b) The term "State library administrative agency...
Page 8 - L. WILLIAM SEIDMAN, CHAIRMAN, FEDERAL DEPOSIT INSURANCE CORPORATION Mr. SEIDMAN. Thank you, Mr. Chairman. Members of the subcommittee...
Page 80 - Provided further, That any obligation of a bank which is payable only at an office of the bank located outside of the States of the United States, the District of Columbia, Puerto Rico...
Page 22 - I appreciate the opportunity to appear before your Subcommittee today to present the views of the American Bankers Association...
Page 21 - ... will be made part of the record. You can proceed in your own manner and we will open the hearing for questions after you have made your statements.
Page 115 - Reserve levels fell and remained below 0.3 percent through 1983 in spite of a special premium assessment which increased assessment income by 67 percent in 1982 and by 100 percent in 1983. The Federal Credit Union Act amendment to the Omnibus Deficit Reduction Act of 1984...
Page 115 - FSLJC and FDIC. We envision that recapitalization of the good company fund would be similar to the NCUSIF recapitalization under the Federal Credit Union Act amendment to the Omnibus Deficit Reductions Act of 1984 ' Public Law 98-369). This appendix explains the key...
Page 107 - The item meets the conceptual definition of an asset as set forth in the Financial Accounting Standards Board's Statement of Financial Accounting Concepts No. 6, Elements of Financial Statements. Assets are defined in that Statement as "probable future economic benefits obtained or controlled as a result of past transactions or events.
Page 106 - American Institute of Certified Public Accountants 1455 Pennsylvania Avenue, NW Washington, DC 20004 (202) 737-6600 INTRODUCTION Thank you, Mr.