To Eliminate Unsound Competition for Savings and Time Deposits: Hearings Before ... , 98-2 on H.R. 14026 ... , May 9 ... June 23, 19661966 - 803 pages |
Common terms and phrases
amount assets balances banking system BARR billion Board of Governors Carson cent certificates of deposit CHAIRMAN changes commercial banks committee competition Congress corporations December demand deposits dollars economy effect Federal Home Loan Federal Reserve Bank Federal Reserve Board Federal Reserve System financial institutions funds GETTYS going Government growth higher Home Loan Bank homebuilding HORNE impact increase instrument insured interest rates investment issued KIRCHNER less liquidity loan associations Loan Bank Board maturity maximum rate member banks ment monetary policy money market money supply mortgage mutual savings banks negotiable CD's negotiable certificates nonnegotiable open market open market operations OTTINGER percent period problem proposal question RANDALL REES regulation Q reserve requirements REUSS ROBERTSON ROUSSEAS savers savings accounts savings and loan savings deposits SAXON Secretary FOWLER short-term situation small banks statement STRUNK Thank thrift institutions tion TODD Treasury bills velocity WELTNER WIDNALL
Popular passages
Page 130 - System, the Board of Directors of the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board (acting directly or through the Federal Savings and Loan Insurance Corporation), and the Administrator of the National Credit Union Administration. Section 203.2 — Definitions For the purposes of this Part, the following definitions apply unless the context indicates otherwise: (a) Act...
Page 155 - The board of governors of the federal reserve 'system shall from time to time limit by regulation the rate of interest which may be paid by member banks on time and savings deposits, and shall prescribe different rates for such payment on time and savings deposits having different maturities, or subject to different conditions respecting withdrawal or repayment, or subject to different conditions by reason of different locations, or according to the varying discount rates of member banks in the several...
Page 54 - ... questioned that Congress may, constitutionally, secure the benefit of it to the people by appropriate legislation. To this end, Congress has denied. the quality of legal tender to foreign coins, and has provided by law against the imposition of counterfeit and base coin on the community. To the same end, Congress may restrain, by suitable enactments, the circulation as money of any notes not issued under its own authority. Without this power, indeed, its attempts to secure, a sound and uniform...
Page 532 - System, in its discretion, and, when so assessed, may be collected by the Federal reserve bank by suit or otherwise. If any such violation shall continue for six calendar months after the member bank shall have been warned by the...
Page 716 - Insurance to the extent that such business is not regulated by State law.
Page 615 - Oovemment do not include amounts offset against each other on the corporation's books or amounts arising from subcontracting which are not directly due from or to the US Government. Wherever possible, adjustments have been made to include US Government advances offset against inventories on the corporation's books.
Page 166 - ... put a stop to the competition between banks in payment of interest, which frequently induces banks to pay excessive interest on time deposits and has many times over again brought banks into serious trouble.
Page 762 - Act and § 204.2 (a) and subject to paragraph (b) of this section, the Board of Governors of the Federal Reserve System hereby prescribes the following reserve balances which each member bank of the Federal Reserve System is required to maintain on deposit with the Federal Reserve bank of its district : (1) If not in a reserve city...
Page 736 - FDIC with copies to the Comptroller of the Currency in the case of national banks and to the state banking department in cases of state banks.
Page 54 - Having thus, in the exercise of undisputed constitutional powers, undertaken to provide a currency for the whole country, it cannot be questioned that Congress may, constitutionally, secure the benefit of it to the people by appropriate legislation. To this end, Congress has denied the quality of legal tender to foreign coins, and has provided by law against the imposition of counterfeit and base coin on the community.