To Provide for the Regulation of the Issurance and Sale of Debt Obligations by Bank Holding Companies and Their Subidiaries: Hearing Before ... , 93-2 on H.R. 15869 ... , July 15, 19741974 - 114 pages |
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Page 15
... investment or in case of default , and therefore the Federal regulators such as the FDIC should have some surveillance or control over such issues as this by bank holding companies ? What do you say to that , Mr. Wille ? Mr. WILLE . I ...
... investment or in case of default , and therefore the Federal regulators such as the FDIC should have some surveillance or control over such issues as this by bank holding companies ? What do you say to that , Mr. Wille ? Mr. WILLE . I ...
Page 29
... investments to reward their savings . It is also clear , Mr. Chairman , that the proposed amendments to the Bank Holding Company Act , which are being reviewed today , would do the same penalize those with the least in savings and ...
... investments to reward their savings . It is also clear , Mr. Chairman , that the proposed amendments to the Bank Holding Company Act , which are being reviewed today , would do the same penalize those with the least in savings and ...
Page 30
... investment needs of expanded capacity , energy , and pollution control . Moreover , the proposed amendments would be unfair in discrimi- nating against bank holding companies as against other corporations which are competitive in many ...
... investment needs of expanded capacity , energy , and pollution control . Moreover , the proposed amendments would be unfair in discrimi- nating against bank holding companies as against other corporations which are competitive in many ...
Page 32
... INVESTMENT POWERS This title would permit increased income and liquidity for thrift institutions through portfolio ... investment and corporate bond investments . TITLE FIVE - CREDIT UNIONS This title modernizes the federal law dealing ...
... INVESTMENT POWERS This title would permit increased income and liquidity for thrift institutions through portfolio ... investment and corporate bond investments . TITLE FIVE - CREDIT UNIONS This title modernizes the federal law dealing ...
Page 33
... investment or engaging in the activity . Differences in tax treatment and thus , overall tax burden and effective ... invest- ments and engage in certain activities which are denied to other institutions ; and ( 3 ) the extent of ...
... investment or engaging in the activity . Differences in tax treatment and thus , overall tax burden and effective ... invest- ments and engage in certain activities which are denied to other institutions ; and ( 3 ) the extent of ...
Common terms and phrases
American Bankers Association assets authority bank holding companies Banking and Currency banks and thrift BARRETT believe billion BOMAR borrowings ceilings certificates Chairman Chase Manhattan Corp Citicorp and Chase Citicorp issue Citicorp note commercial banks commercial paper committee Congress Corporation debt depositors disintermediation economic effect Federal Home Loan Federal Reserve Board Federal Reserve System FRENZEL funds going GOLDFINGER Government Governor Mitchell high interest rates Holding Company Act Home Loan Bank home mortgages housing market inflation insured investment investors issuance issuer July legislation Loan Bank Board money market months mortgage market MORTHLAND mutual savings banks note issues obligations offering Patman percent period permit problem proposed by Citicorp proposed Citicorp rate control rate of interest redemption regulation Q REUSS ROUSSELOT savings and loan SCHMULTS securities small saver ST GERMAIN statement subsidiaries term Thank thrift institutions tion Treasury bill rates units WIDNALL WRIGHT PATMAN
Popular passages
Page 65 - States ; and he may require any su.ch person engaged in any such transaction to furnish, under oath, complete information relative thereto, including the production of any books of account, contracts, letters or other papers, in connection therewith in the custody or control of such person, either before or after such transaction is completed.
Page 64 - 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 64 - Organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. (12) "Payable in instalments...
Page 64 - 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 64 - 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 65 - ... minimum original cash payments, temporary credits which are merely incidental to cash purchases, payment or deposits usable to liquidate credits, and other adjustments or special situations. (10) prescribe maximum ratios, applicable to any class of either creditors or borrowers or both, of...
Page 64 - 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 - Whenever the President determines that such action is necessary or appropriate for the purpose of preventing or controlling inflation generated by the extension of credit in an excessive volume, the President may authorize the Board to regulate and control any or all extensions of credit.
Page 65 - ... established; and, without limiting the generality of the foregoing, such regulations may require transactions or persons or classes thereof to be registered or licensed; may prescribe appropriate limitations, terms, and conditions for such registrations or licenses; may provide for suspension of any such registration or license for violation of any provision thereof or of any regulation, rule, or order prescribed...
Page 64 - State" refers to any State, the Commonwealth of Puerto Rico, the District of Columbia, and any territory or possession of the United States. (1) Any reference to any requirement imposed under this title of any provision thereof includes reference to the regulations of the Board under this title or the provision thereof in question. Sec. 203. Regulations The Board shall prescribe regulations to carry out the purposes of this...