To Amend the Bank Merger Act of 1960: Hearings Before the Subcommittee on Domestic Finance ... Eighty-ninth Congress, First Session, on S. 1698 (and Related Bills), an Act to Establish a Procedure for the Review of Proposed Bank Mergers So as to Eliminate the Necessity for the Dissolution of Merged Banks, and for Other Purposes, Volumes 1-2 |
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Results 1-5 of 100
Page 5
... factors and the competitive factor in evaluating bank mergers in the public interest . The Justice Department opinion on competitive aspects was to be only one of the factors to be considered . Justice Department position was never ...
... factors and the competitive factor in evaluating bank mergers in the public interest . The Justice Department opinion on competitive aspects was to be only one of the factors to be considered . Justice Department position was never ...
Page 8
... factors if the case involves a probable bank failure , and reduces to 10 days the period for supply- ing such reports if an emergency requiring expeditious action is involved . In such cases , the 30 - day stay in the bill for ...
... factors if the case involves a probable bank failure , and reduces to 10 days the period for supply- ing such reports if an emergency requiring expeditious action is involved . In such cases , the 30 - day stay in the bill for ...
Page 9
... factors , it finds the transaction to be in the public interest . I have already referred to the advisory reports on the competitive . factors involved in merger cases that the action agency is required by the act to request from the ...
... factors , it finds the transaction to be in the public interest . I have already referred to the advisory reports on the competitive . factors involved in merger cases that the action agency is required by the act to request from the ...
Page 10
... factors specified in the act . Sound banking and the needs and convenience of the public , as well as effect on competition , must be taken into account . To process merger cases in a way which , essentially , would give consideration ...
... factors specified in the act . Sound banking and the needs and convenience of the public , as well as effect on competition , must be taken into account . To process merger cases in a way which , essentially , would give consideration ...
Page 15
... factors and not just on the competitive factor , we would have approved it . Yet our advisory report is only about the competitive factors . Mr. MINISH . How many mergers did the Federal Reserve approve under the Bank Merger Act in 1960 ...
... factors and not just on the competitive factor , we would have approved it . Yet our advisory report is only about the competitive factors . Mr. MINISH . How many mergers did the Federal Reserve approve under the Bank Merger Act in 1960 ...
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Common terms and phrases
acquisition action amendment American Bankers Association ANNUNZIO antitrust laws application approval assets Attorney Bank & Trust bank holding company Bank Merger Act banking agencies Banking and Currency Banking factors believe bill branch BROCK CHAIRMAN CLAWSON Clayton Act commercial banks committee competitive factors Comptroller Comptroller's Congress consummated Convenience and needs corporation DAANE decision Department of Justice deposits divestiture effect exempt FDIC Federal Reserve Board Federal Reserve System GETTYS going Government HANNA hearings industry involved Justice Department KATZENBACH legislation Lexington loans MARTIN ment merged bank MINISH National Bank ODLIN Office opinion Patman percent President problem public interest question RANDALL record regulation regulatory agencies ruling SAXON Security Security Trust Co Senator KENNEDY Sherman Act Sherman Antitrust Act six banks statement subcommittee suit supervisory agencies Supreme Court testimony Thank tion TODD unscrambling violation WELTNER WIDNALL ZAUN
Popular passages
Page 669 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Page 276 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 617 - ... (a) RULES. — Every agency shall separately state and currently publish in the Federal Register (1) descriptions of its central and field organization including delegations by the agency of final authority and the established places at which, and methods whereby, the public may secure information or make submittals or requests...
Page 38 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 305 - ... the effect of the transaction on competition (including any tendency toward monopoly), and shall not approve the transaction unless, after considering all of such factors, it finds the transaction to be in the public interest.
Page 8 - ... of section 7 of the Clayton Act, as amended by the Celler-Kefauver Act of 1950 ("Section 7"), and as reflected in its legislative history and interpretation by the United States Supreme Court.
Page 40 - ... the convenience, needs, and welfare of the communities and the area concerned; and (5) whether or not the effect of cuch acquisition or merger or consolidation would be to expand the size or extent of the bank holding company system involved beyond limits consistent with adequate and sound banking, the public Interest, and the preservation of competition In the field of banking.
Page 350 - A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men...
Page 215 - Commission is not to measure proposals for [acquisitions] by the standards of the antitrust laws." 321 US, at 85-86. The problem is one of accommodation of § 5 (2) and the antitrust legislation. The Commission remains obligated to "estimate the scope and appraise the effects of the curtailment of competition which will result from the proposed...
Page xiii - ... information: the name and total resources of each bank involved; whether a report has been submitted by the Attorney General hereunder, and, if so, a summary by the Attorney General of the substance of such report; and a statement by the Comptroller, the Board, or the Corporation, as the case may be, of the basis for its approval.