Taxation of Mutual Savings Banks and Savings and Loan Associations: Hearings Before the Committee on Ways and Means, House of Representatives, Eighty-seventh Congress, First Session, on Treasury Department Report on Taxation of Mutual Savings Banks and Savings and Loan Associations, August 9 and 10, 1961 |
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Page 66
... loss reserves for the commercial banks . Mr. KEOGH . It did not provide a 5 - percent reserve loss for com- mercial banks ? Mr. TARK . Not as I recall it . I thought it only provided for a re- striction . I think you are mistaken . then ...
... loss reserves for the commercial banks . Mr. KEOGH . It did not provide a 5 - percent reserve loss for com- mercial banks ? Mr. TARK . Not as I recall it . I thought it only provided for a re- striction . I think you are mistaken . then ...
Page 236
... loss reserves very concisely except that we do not agree that supervisory authorities view the possibility of losses with " a certain amount of pessimism . " The attitude of supervisory authorities with respect to reserves is based upon ...
... loss reserves very concisely except that we do not agree that supervisory authorities view the possibility of losses with " a certain amount of pessimism . " The attitude of supervisory authorities with respect to reserves is based upon ...
Page 379
... loss reserve based on ex- perience in Florida . Finally , in suggesting a bad debt loss reserve formula for savings and loan associations comparable to the one applied to commercial banks , the Treasury has failed to recognize the ...
... loss reserve based on ex- perience in Florida . Finally , in suggesting a bad debt loss reserve formula for savings and loan associations comparable to the one applied to commercial banks , the Treasury has failed to recognize the ...
Contents
Report on the taxation of mutual savings banks and savings and loan | 1 |
Keogh Hon Eugene J a Representative in Congress from the State | 8 |
Letter from the Honorable Joseph P McMurray Chairman Federal | 11 |
Copyright | |
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12 percent American Bankers Association Amount Number Amount average bad debt reserve banks and savings bonds BYRNES capital cent Chairman Moss commercial banks Comptroller WILLIAMS Congress CURTIS December 31 deduction depositors District dollars fact farmer FDIC Federal income tax Federal Reserve Federal Savings financial institutions formula Government Home Loan Bank home mortgage housing increase interest rates investment item A-2 percent item B-3 KEOGH Landschaft lenders lending loan associations loss reserves million mortgage loans MULTER mutual institutions mutual savings banks mutual thrift institutions national banks Number Amount Number operating paid percent of deposits period portfolio Ratio of item real estate reduce reserve ratio retained earnings revenue savers savings and loan savings deposits Senator HOLLIS Senator SMITH statement surplus taxable taxation of mutual THOMPSON tions Total assets Total permanent stock Treasury Department Treasury staff undivided profits virtual tax WELLMAN WINKOWSKI