Bank and Thrift Regulation: Implementation of FDICA's Prompt Regulatory Action Provisions

Front Cover
Thomas J. McCool, Mark Gillen, James R. Black
DIANE Publishing, Feb 1, 1997 - 72 pages
0 Reviews
This report summarizes the results of a review of the implementation of the Fed. Deposit Insur. Corp. Improve. Act of 1991's (FDICIA) Prompt Regulatory Action provisions. Focuses on the Fed. Reserve System's and the Office of the Comptroller of the Currency's efforts to implement the provisions and the impact of the provisions on Fed. oversight of depository institutions. Also discusses other initiatives, contained in FDICIA or self-initiated by the regulators, that are intended to improve the supervision and early identification of institutions with safety problems.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Selected pages

Other editions - View all

Common terms and phrases

Popular passages

Page 24 - Section 13(d), by filing specified forms with and pursuant to regulations of the Federal Reserve Board, the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board.
Page 8 - Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision reiterated their endorsements of the regulatory discretion and flexibility provided by section 39.
Page 12 - 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.
Page 1 - We recommend the creation of a National Monetary and Credit Council which would include the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Chairman of the Federal Deposit Insurance Corporation, and the heads of the other principal Federal agencies that lend and guarantee loans.
Page 66 - The professionalism and the level of cooperation between my staff and yours are greatly appreciated and we look forward to working with your staff again in the future.
Page 65 - GAO comments supplementing those in the report text appear at the end of this appendix. o Comptroller of the Currency Administrator of National Banks Washington, DC 20219 June 16, 1998 Mr.
Page 3 - The purpose of this section is to resolve the problems of insured depository institutions at the least possible long-term loss to the deposit insurance fund.
Page 18 - Board by order or regulation; (D) the acceptance of securities issued by the affiliate as collateral security for a loan or extension of credit to any person or company; or...
Page 18 - 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 8 - Office of the Comptroller of the Currency, the Federal Reserve Board of Governors, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision.

Bibliographic information