Depository Institutions Act of 1979: Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, First Session, on H.R. 5280 ... September 25, 1979
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
U.S. Government Printing Office, 1979 - Banking law - 153 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
additional advances allow amendment amount approve assets associations authority average Bank Act Bank Board believe bill build burdens capital Chairman ST GERMAIN changes closed Committee companies Comptroller concerned Congress continue Corporation cost deposit determine directors dividends effect established examination existing extension fact Federal Home Loan figure financial institutions financial regulatory agencies flexibility funds give going growth HEIMANN holding Home Loan Bank housing increase industry Insurance interest investment issue JANIs legislation limit losses MATTox MCCs meet mortgage mutual national banks net worth Office operations PEEK percent period permit possible powers preferred present problem proposed provision purchase question ratio real estate reason reduce regulations requirements reserve restriction result S&Ls savings and loan Section Simplification statute statutory subcommittee Thank tion Title Washington worth
Page 14 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 147 - Banks and commercial banks, and (3) to such extent as the Board may so approve, such obligations, including such special obligations, of the United States, a State, any territory or possession of the United States, or a political subdivision, agency, or instrumentality of any one or more of the foregoing, and bankers' acceptances, as the Board may approve.
Page 78 - Federal financial regulatory agencies shall, to the maximum extent practicable, insure that— (1) the need for and purpose of such regulation is established clearly; (2) meaningful alternatives to the promulgation of such regulation are considered before such regulation is issued; (3) compliance costs, paperwork, and other burdens on the financial institutions, consumers, and public are minimized; (4) conflicts, duplication, and inconsistencies between the regulations issued by the Federal financial...
Page 130 - Federal agency" means any department, agency, corporation, or other entity or instrumentality of the executive branch of the Federal Government, including the United States Postal Service, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation. (6) The term "Federal building...
Page 54 - Constitute a claim in liquidation not exceeding the face value plus accrued dividends of the certificates, on the general reserves, surplus and undivided profits of the association remaining after the payment in full of all savings accounts, savings certificates and debt obligations; (iv) Be entitled to the payment of dividends, which may be fixed, variable, participating, or cumulative, or any combination thereof, only if, when and as declared by the...
Page 32 - VIII of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA) (Pub.
Page 78 - ... regulation and methods of implementation of statutory or policy objectives; (5) timely participation and comment by other Federal agencies, appropriate State and local agencies, financial institutions, and consumers are available; and (6) any regulation issued shall be as simple and clearly written as possible and understandable by those who are subject to such regulation.
Page 1 - Such hearing shall be fixed for a date not earlier than thirty days nor later than sixty days after...
Page 124 - ... May 20. The committee will also consider requests made prior to that time to reopen hearings for the purpose of taking additional testimony from any person interested in appearing before the committee on these two bills. We will stand in recess, subject to the call of the Chair. (Whereupon, at 3:48 pm, the subcommittee was adjourned.) (The following statement and letters were received:) STATEMENT OF B.