To Provide for the Regulation of the Issuance and Sale of Debt Obligations by Bank Holding Companies and Their Subsidiaries: Hearing, Ninety-third Congress, Second Session, on H.R. 15869 ...
U.S. Government Printing Office, 1974 - 114 pages
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Common terms and phrases
accounts action additional agencies already amount assets Association authority bank holding companies believe bill billion Board BOMAR BROWN ceilings Chairman changes Citicorp Citicorp issue City commercial banks committee concern CONGRESS THE LIBRARY consider Corporation cost debt demand deposits determine economy effect fact Federal Reserve Federal Reserve Board financial institutions funds give going GOLDFINGER Government hearings Home Home Loan Bank housing increase industry inflation insured interest interest rates investment issuance issue July kind legislation LIBRARY OF CONGRESS limited MITCHELL months mortgage notes obligations offering percent period permit possible present problem proposed question record redemption reduce regulation REPRESENTATIVES ROUSSELOT savers savings and loan savings banks SCHMULTS securities situation starts statement term Thank thrift institutions tion Treasury bill units
Page 65 - ... it may in its discretion bring an action, in the proper district court of the United States or the proper United States court of any territory or other place subject to the jurisdiction of the United States, to enjoin such acts or practices, and upon a proper showing a permanent or temporary injunction or restraining order shall be granted without bond.
Page 65 - Whenever it appears to any person authorized by the President to exercise authority under this title that any individual or organization has engaged, is engaged, or is about to engage in any acts or practices...
Page 63 - credit sale" refers to any sale with respect to which credit is extended or arranged by the seller. The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the property and services involved and it is agreed that the bailee or lessee will become, or for no other or...
Page 63 - Organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. (12) "Payable in instalments...
Page 63 - organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. ( d ) The term "person" means a natural person or an organization. (e) The term "credit...
Page 63 - Definitions and rules of construction (a) The definitions and rules of construction set forth in this section are applicable for the purposes of this title. (b) The term "Board" refers to the Board of Governors of the Federal Reserve System. (c) The term "organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association.
Page 63 - These regulations may contain such classifications, differentiations, or other provisions, and may provide for such adjustments and exceptions for any class of transactions, as in the judgment of the Board are necessary and proper to effectuate the purposes of this title, and prevent circumvention or evasion thereof, or to facilitate compliance therewith.
Page 65 - General to bring an action in the appropriate district court of the United States to enjoin such acts or practices, and upon a proper showing a temporary restraining order or a preliminary or permanent injunction shall be granted without bond. Any such court may also issue mandatory injunctions commanding any person to comply with any such order or regulation.
Page 65 - For any willful violation of any requirement of this part, the Secretary may assess upon any domestic financial Institution, and upon any partner, director, officer or employee thereof who willfully participates In the violation, a civil penalty not exceeding $1,000.
Page 65 - In the event of the failure of any person to pay a penalty imposed pursuant to subsection (c), a civil action for the recovery thereof, may, in the discretion of the head of the department or agency concerned, be brought in the name of the United States.