Deposit Insurance: Assessment of Regulatorsí Use of Prompt Corrective Action Provisions & FDICís New Deposit Insurance System (Google eBook)

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DIANE Publishing
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Page 60 - Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS) and to make recommendations to promote uniformity in the supervision of financial institutions.
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Page 24 - Act). (F) Paying excessive compensation or bonuses. (G) Paying interest on new or renewed liabilities at a rate that would increase the institution's weighted average cost of funds to a level significantly exceeding the prevailing rates of interest on insured deposits in the institution's normal market areas.
Page 24 - ... usual course of business, including any investment, expansion, acquisition, sale of assets, or other similar action with respect to which the depository institution is required to provide notice to the appropriate Federal banking agency.
Page 23 - ... of the effective period of the prior determination. (C) Appointment of receiver required if other action fails to restore capital. (i) In general. Notwithstanding subparagraphs (A) and (B), the appropriate Federal banking agency shall appoint a receiver for the insured depository institution if the institution is critically undercapitalized on average during the calendar quarter beginning 270 days after the date on which the institution became critically undercapitalized. (ii) Exception. Notwithstanding...
Page 5 - I provides a more detailed description of our scope and methodology. We conducted our work from January 2005 through December 2005 in accordance with generally accepted government auditing standards.

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