Bank holding company legislation and related issues: hearings before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, first session ....U.S. Government Printing Office, 1980 - 1399 pages |
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Common terms and phrases
95th Congress acquisition activities of bank affiliated application approved assets automobile bank holding companies bankers BARNARD bill borrowers casualty insurance Chairman ST GERMAIN commercial banks competition Comptroller Congress consumer Corporation court credit insurance credit life insurance customers debt deposits dividends DONALD BROWNE economic effect engage extensions of credit Federal Reserve Board Federal Reserve System finance companies Financial Institutions FUGATE grandfather clause HANLEY Holding Company Act holding company insurance IIAA income tax independent agents independent insurance agents insurance activities insurance agency activities insurance business insurance companies investment issues JAMES BROWNE KREMER legislation lenders merger mortgage insurance multibank holding companies municipal municipal bonds national banks nonbanking activities number of bids one-bank holding company percent permitted property and casualty property insurance proposed regulation regulatory related to banking reoffering yields result revenue bonds sale of credit sale of insurance subsidiaries tie-in tion transaction underwriting VAUGHAN WYLIE
Popular passages
Page 282 - Act, to be so closely related to banking as to be a proper incident thereto (subject to such terms and conditions contained in such regulation or order, unless modified by the Board);".
Page 433 - The limitations and restrictions herein contained as to dealing in, underwriting and purchasing for its own account, investment securities shall not apply to obligations of the United States, or general obligations of any State or of any political subdivision thereof, or obligations issued under authority of the Federal Farm Loan Act, as amended, or issued by the Federal Home Loan Banks or the Home Owners...
Page 347 - Board after due notice and opportunity for hearing has determined (by order or regulation) to be so closely related to banking or managing or controlling banks as to be a proper incident thereto.
Page 11 - States; such securities issued or guaranteed by corporations in which the United States has a direct or indirect interest...
Page 265 - ... that the customer shall obtain some additional credit, property, or service from a bank holding company of such bank, or from any other subsidiary of such bank holding company...
Page 226 - Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands : taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.
Page 267 - ... a clear and specific statement in writing is furnished by the creditor to the person to whom the credit is extended, setting forth the cost of the insurance if obtained from or through the creditor, and stating that the person to whom the credit is extended may choose the person through which the insurance is to be obtained.
Page 441 - Association, the National Association of Counties, the National League of Cities, and the United States Conference of Mayors are assisting us in this effort.
Page 266 - Charges or premiums for insurance, written in connection with any consumer credit transaction, against loss of or damage to property or against liability arising out of the ownership or use of property...
Page 260 - Insurance for nonbank subsidiaries of the holding company. Bank holding companies are currently permitted to sell: 1. Credit life and credit accident and health Insurance sold in connection with extensions of credit. (This type of Insurance, which Is not in controversy, may also be underwritten by bank holding companies . ) 2. Property and casualty Insurance sold In connection with extensions of credit. (For example, Insurance protecting an automobile or home purchased with a loan from an affiliated...