First Meeting on the Condition of the Banking System: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-fifth Congress, First Session ... March 10 and 11, 1977 |
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Common terms and phrases
analysis APPENDIX applications Approve bank examination bank failures bank holding companies bank management bank supervision bank's bankers banking agencies banking system believe board of directors Board of Governors borrowing capital adequacy cash flow cease and desist CHAIRMAN charter classified assets commercial banks Committee competition Comptroller condition consumer controls Corporation correct Currency depositors desist order develop Division of Bank economic evaluation examination procedures examination report factors FDIC FDIC's Federal Reserve Board Federal Reserve System Franklin National Bank funds identified income increase institutions internal investment large banks liabilities liquidity loans member banks ment million monitoring national banks nonproblem number of banks OCC's Office OPEC operations percent policies portfolio position position-making problem banks recommend regional regulations regulatory reports of examination Reserve Banks response result risk sample scheduled Section supervisory agencies three agencies tion total assets
Popular passages
Page 743 - ... or has .committed or engaged in any act, omission, or practice which constitutes a breach of his fiduciary duty as such director or officer, and the Board determines that the bank has suffered or will probably suffer substantial financial loss or other damage...
Page 254 - System and that consideration has been given to the financial history and condition of the bank, the adequacy of its capital structure. its future earnings prospects, the general character of its management, the convenience and needs of the community to be served...
Page 814 - Subcommittee on Commerce, Consumer and Monetary Affairs of the House Committee on Government Operations...
Page 291 - Currency, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System.
Page 589 - That if, upon a careful examination of the facts so reported, and of any other facts which may come to the knowledge of the comptroller, whether by means of a special commission appointed by him for the purpose of inquiring into the condition of such association, or otherwise...
Page 43 - Burns follows :] Statement by Arthur F. Burns Chairman, Board of Governors of the Federal Reserve System before the Committee on Banking...
Page 303 - Directors cannot, in justice to those who deal with the bank, shut their eyes to what is going on around them. It is their duty to use ordinary diligence in ascertaining the condition of its business, and to exercise reasonable control and supervision of its officers.
Page 483 - For over 167 years, the major cause of bank failures, dishonest bank managers, basically has remained the same. The form of dishonesty (eg, insider transactions, embezzlement, manipulation, etc.) has varied, but the driving force has not changed. For example, of the 84 banks that failed between 1960 and April 30, 1976, 45 of the failures were due to improper loans to officers, driectors, or owners, or loans to out-of-territory borrowers...
Page 604 - In still another case, the denial letter to the applicants stated: The new guidelines state that a new banking office will not be approved, if its establishment would threaten the viability of a newly chartered independent bank. Such protection will' typically not exceed one year.
Page 530 - The Failure of United States National Bank of San Diego: A Portfolio and Performance Analysis," Journal of Bank Research (Spring, 1975) pp.