Federal Home Loan Mortgage Corporation Act: hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundredth Congress, second session on S. 2467 ... June 23, 1988
U.S. Government Printing Office, 1988
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accounting action additional answer appreciation Association Bank Board believe benefit bill billion Board Brendsel capital certainly Chairman charter committee concern Congress continue Corporation dividend earnings exchange Federal Home Loan FHLMC FHLMC stock forward Freddie Mac FSLIC future give going hearing Home Loan Bank Home Loan Mortgage idea important increase institutions interest issue Koch legislation lifted limited look Mac's opening opportunity ownership ownership restrictions percent position preferred shares preferred stock president problem question raised removal restrictions result savings and loans Savings Institutions sell Senator D'Amato Senator Garn statement Thank thing thrift industry tion trading vote worth yield York
Page 27 - Senator Gramm. OPENING STATEMENT OF SENATOR GRAMM Senator GRAMM. Well, Mr. Chairman, let me thank you for giving me an opportunity to make a short opening.
Page 22 - Corporation, which shall be a body corporate and shall be under the direction of a Board of Directors composed of the members of the Federal Home Loan Bank Board, who shall serve as such without additional compensation. The Chairman of the Federal Home Loan Bank Board shall be the Chairman of the Board of Directors.
Page 49 - ... management and board of directors have the greater influence on whether a bank will succeed or fail. In other words, poor management and other internal problems are the common denominator of failed and problem banks. Management-driven weaknesses played a significant role in the decline of 90 percent of the failed and problem banks the OCC evaluated.
Page 28 - I think there are a number of issues that need to be addressed.
Page 62 - ... bond as hereinbefore provided. A partner who is a registered pharmacist, not holding a permit, shall have the same rights and be subject to the same restrictions as clerks; and for whose acts the permit holder shall be held responsible the same in all respects as for his clerks.
Page 4 - The subcommittee met at 9:35 am, in room SD-538, Dirksen Senate Office Building, Senator Donald W. Riegle, Jr.
Page 59 - I should consciously do the right thing because it is the right thing to do and not out of fear of punishment.
Page 22 - FHLMC's charter, the three presidentially appointed members of the Federal Home Loan Bank Board will continue to determine corporate policy.
Page 4 - D'Amato, do you have a comment that you would like to make? OPENING STATEMENT OF SENATOR D'AMATO Senator D'AMATO.