The Report of the Interagency Task Force on Thrift Institutions: Department of the Treasury, June 30, 1980, Committee on Banking, Finance, and Urban Affairs, House of Representatives, 96th Congress, Second Session |
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ability advances agencies asset powers assistance authority bad debt Bank System basis points billion borrowing commercial banks competitive consumer lending consumer loans Corporation cost of funds credit unions depository institutions discount discount window dividends earnings effect FDIC Federal Home Loan Federal Reserve FHLB System FHLBB FHLMC fixed-rate FNMA FSLIC GNMA GPAM Home Loan Bank housing impact incentive increase interest rate risk investment investors issues lenders liabilities limited liquidity requirement loan associations long-term losses low-coupon mortgages market rates member institutions merger minimum denomination mortgage loans mortgage market mortgage rates mortgage-backed securities MSBS S&Ls mutual savings banks negative amortization net worth option payment period portfolio problems profitability proposal purchase program recent reduce regulations regulatory residential mortgages savings and loan secondary market section 593 securities short-term substantial Task Force taxpayers thrift industry thrift institutions tions Treasury securities usury usury ceilings VRMS worth requirements yield
Popular passages
Page 156 - In order to reopen a closed insured bank or, when the Corporation has determined that "an insured bank is in danger of closing, in order to prevent such closing, the Corporation, in the discretion of its Board of Directors, is authorized to make loans to, or purchase the assets of, or rake deposits in, such insured bank, upon such terms and conditions as the Board of Directors may prescribe...
Page 163 - In order to prevent a default in an insured institution or in order to restore an insured institution in default to normal operation as an insured institution, the Corporation is authorized, in its discretion, to make loans to, purchase the assets of, or make a contribution to, an insured institution or an insured institution in default; but no contribution shall be made to any such institution in an amount in excess of that which the Corporation finds to be reasonably necessary to save the expense...
Page v - System, the Chairman of the Federal Deposit Insurance Corporation, the Comptroller of the Currency and the Administrator of the National Credit Union Administration participated under an informal memorandum of agreement.
Page 156 - Directors may prescribe, when in the opinion of the Board of Directors the continued operation of such bank is essential to provide adequate banking service in the community.
Page v - With particular respect to housing, the Department of Housing and Urban Development, the Federal Home Loan Bank Board and the newly-recreated private Federal National Mortgage Association must, be added.
Page 157 - Corporation may, upon such terms and conditions as it may determine, make loans secured in whole or in part by assets of an open or closed insured bank, which loans may be in subordination to the rights of depositors and other creditors...
Page 169 - July 1, 1936, whenever in the judgment of the board of directors such action will reduce the risk or avert a threatened loss to the Corporation...
Page 156 - Board (NCUAB) are authorized through the Federal Deposit Insurance Act, the National Housing Act and the Federal Credit Union Act, respectively, to provide intermediate and longterm assistance to ongoing financial institutions under their jurisdiction.
Page 156 - Currency (COC), the Federal Deposit Insurance Corporation (FDIC), the Federal Home Loan Bank Board (FHLBB), and the Federal Reserve System (FRS).
Page 169 - Corporation may purchase any such assets or may guarantee any other insured bank against loss by reason of its assuming the liabilities and purchasing the assets of an open or closed insured bank. Any insured national bank or District bank, or the Corporation as receiver thereof, is authorized to contract for such sales or loans and to pledge any assets of the bank to secure such loans.