Core Banks Proposal: Hearing Before the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Second Congress, First Session, June 18, 1991, Volume 4 |
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Page 53
... lending could be done in the bank . When the bank becomes , in effect , an ... lowest problem , because they haven't been involved in these types of ... law . These two amendments I would offer to that . Mr. RIGGS . I would like your ...
... lending could be done in the bank . When the bank becomes , in effect , an ... lowest problem , because they haven't been involved in these types of ... law . These two amendments I would offer to that . Mr. RIGGS . I would like your ...
Page 67
... lending limitation . My principal concern is that the core bank proposal now before us was not unveiled until the ... lower legal lending limit - to the causes of the current problems in Federal deposit insurance . In fact , almost no ...
... lending limitation . My principal concern is that the core bank proposal now before us was not unveiled until the ... lower legal lending limit - to the causes of the current problems in Federal deposit insurance . In fact , almost no ...
Page 69
... legal lending limit has caused prob- lems for the BIF . To be sure , the legal lending limit for S & Ls caused ... lower lending limit . In reality , a lower legal lending limit could be very detrimental for banks and thrifts and for the ...
... legal lending limit has caused prob- lems for the BIF . To be sure , the legal lending limit for S & Ls caused ... lower lending limit . In reality , a lower legal lending limit could be very detrimental for banks and thrifts and for the ...
Page 126
... Loans to One Borrower Drastic Reduction . The " core bank " proposal would also drastically reduce the current statutory lending limit for all insured institutions . Under existing law , a national bank may lend up to 15 % of its total ...
... Loans to One Borrower Drastic Reduction . The " core bank " proposal would also drastically reduce the current statutory lending limit for all insured institutions . Under existing law , a national bank may lend up to 15 % of its total ...
Page 139
... lowering the legal lending limit for large , insured banks . Without the structure of the Treasury plan that is pending before the Committee , core banking reform will not work . · · My proposal to fix the deposit anomaly the ability to ...
... lowering the legal lending limit for large , insured banks . Without the structure of the Treasury plan that is pending before the Committee , core banking reform will not work . · · My proposal to fix the deposit anomaly the ability to ...
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Common terms and phrases
105 percent activities affiliate amendment ASHLEY assets banking industry banking system banks and thrifts believe billion borrower BRAR BRYAN certificates of deposit Chairman commercial banks commercial real estate committee community banks competitive concern CONG CONGRESS THE LIBRARY core bank concept core bank proposal credit anomalies credit crunch deposit anomaly deposit rates discount window disintermediation economic equity FDIC Federal Reserve finance company Financial Institutions financial services holding going GRESS HARTMAN insured banks insured depository insured deposits interest rate cap interstate banking interstate branching investment legal lending limit legislation LIBRARY OF CONGRESS lower legal lending McKinsey Monthly NCNB Texas NEAL OF NORTH NORTH CAROLINA ONGRES POWELL premiums problem profitability Quarterly RARY rate ceilings regulation regulatory Report RESS risk Schumer SEIDMAN services holding company SLATTERY taxpayer Thank tier 1 capital too-big-to-fail Treasury proposal Treasury rates Treasury securities trillion U.S. banks uninsured wholesale bank WYLIE
Popular passages
Page 207 - Performance b. Outstanding Initiatives c. Basic Banking Services d. Needs Assessment e. Community Involvement f. Grant/Contributions g. Personal Community Service h. Marketing i. Hiring/Training j. Purchasing/Procurement k. Housing 1. NCNB Community Development Corporation m. Delineated Community Quarterly Examining Committee a. Minutes b. Audit Opinion c. Audit Statistics d. Audit Plan e. Staff Plan f. Fraud Report g. Loan Review h. Annual Compliance Summary i. Contingency Plans j. Independent Accountant's...
Page 147 - ... deposit broker includes any insured depository institution that is not well-capitalized, and any employee of any such insured depository institution, which engages, directly or indirectly, in the solicitation of deposits by offering rates of interest (with respect to such deposits) which are significantly higher than the prevailing rates of interest on deposits offered by other insured depository institutions in such depository institution's normal market area.
Page 214 - CRA-related challenges actually have more clout in an interstate environment Let me summarize: First, banking consolidation will enhance the profitability and capital of the banking industry. Second, it does not pose a threat to the community banking system. And third, banks will continue to serve local customers and invest in their local communities. We'll just be able to do it better. FULL TEXT Mr. Chairman, Senator Gam, and members of the Committee, I am Hugh McColl, Chairman of NCNB Corporation.
Page 202 - ... addition to the above quantifiable savings, NCNB will be able to save additional costs through: [1] eliminating requirements for capitalization of legal entities in each state; and [2] managing assets from a line-of-business, rather than a geographic, focus. NCNB CORPORATION Reports Prepared for Each Bank The attached document summarizes reports prepared to support the legal entity structure of a bank. NCNB prepares each of these reports several times. NCNB is currently preparing more than 12,000...
Page 103 - The coapetit ive environment in which banks operate is changing significantly. There are three noteworthy and interrelated trends: banking is becoming a riskier, more volatile business; banks are encountering greater degrees of competition; and what constitutes the business of banking itself is undergoing a rapid evolution. Banks and other financial institutions have been hampered in their ability to adjust to these changes by an antiquated legal structure.
Page 199 - SAIF and BIF will be merged, and the RTC will make up any deficit which may exist in SAIF. SAIF-insured institutions not meeting the capital requirements for continuing insurance coverage will be sold, merged or liquidated by the RTC. NCNB Corporation February 1991 C. Other Regulatory Changes NCNB proposes the following additional measures relating to regulatory changes and industry restructuring: 1. Establish banks that will be governed by the deposit insurance changes described elsewhere in this...
Page 70 - Mr. Neal? Mr. NEAL OF NORTH CAROLINA. Thank you, Mr. Chairman. I would like to ask this question, Mr.
Page 202 - Reports - 92 Reports III. Internal Reports - 92 Reports The table below summarizes the number of times each of these reports must be prepared by a single bank compared to the effort involved in preparing the reports for seven banks. Filings Total Per Filings State...
Page 103 - Act; - 8 3. The ownership and product limitations of the Bank Holding Company Act. Substantial benefits would result from eliminating the current ownership and activity restrictions imposed by these laws, so long as there are restrictions on the use of insured funds to support uninsured activities. Risks could be diversified. Significant new sources of capital would be available to the industry. Legitimate cross-marketing activities could enhance the profitability of the overall organization. Interstate...
Page 106 - ... best ways to attack the problem of a generally riskier banking business is to limit the types of activities that can be supported with insured deposits. In other words, what can be done inside a bank should be restricted. If a banking organization wants to engage in riskier activities, it should do so only in nonbanking affiliates that are adequately separated — both legally and financially — from the bank. Capital flows between the bank and its affiliates or subsidiaries must be strictly...