Oversight on the Condition of the Financial Services Industry: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundredth Congress, Second Session on Results of the Audit of the Federal Savings and Loan Insurance Corporation ... and the Report of the Bank Regulators ... May 19, 25, and 26, 1988, 4. sējumsU.S. Government Printing Office, 1988 - 555 lappuses |
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assessment Bank Board bank holding company banking system billion capital requirements cash CEBA Chairman commercial banks committee Congress Copyright 1987 cost of funds debt December 31 Deposit Accounts depositors depository institutions economic estimate examination failed banks FDIC Federal Home Loan Ferguson & Company FINANCIAL RATIOS GAAP Home Loan Bank incentive compatible INCOME LOSS increase insolvent institutions insolvent thrifts insurance fund Interest Income interest rates issue liabilities Loan Fees loan loss Loss on Sale merger moral hazard Mortgage Loan N/A N/A national banks net interest margin Non-Operating Expense Non-Operating Income Operating Income percent Preferred Stock premium Profit on Sale ratio real estate regulators REGULATORY CAPITAL reserves resolve risk Sale of Investments Sale of Loans Sale of REO savings and loan SEIDMAN Senator GRAHAM Senator RIEGLE Southwest Plan supervisory thrift industry thrift institutions total assets Total Non-Operating Transaction Accounts transactions W.C. Ferguson
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168. lappuse - Nation's banking industry. We have a distinguished group of witnesses before us this morning, and I look forward to their testimony. At the outset, I would like to make two brief comments. First, thrift industry problems have received a lot of media attention recently, but there are continued banking industry problems that need our attention. The FDIC closed 184 banks last year, and has closed 59 already this year. These are extraordinarily high failure rates by historical levels. Fortunately, the...
489. lappuse - ... debt securities of another savings association in connection with the purchase or sale of a branch office or in connection with a supervisory merger or acquisition. (d) Notwithstanding any rating and marketability limitations contained in paragraphs (b) (1) and (2) of this section, a Federal savings association may invest up to one percent of its assets in commercial paper and corporate debt securities not otherwise prohibited by section 28(d) of the Federal Deposit Insurance Act, as added by...
353. lappuse - Federal banking agency — (A) the quality of such banking institution's assets has been impaired by a protracted inability of public or private borrowers in a foreign country to make payments on their external indebtedness...
373. lappuse - We found oversight and management deficiencies to be the primary factors that resulted in bank failure. In fact, poor policies, planning, and management were significant causes of failure in 89 percent of the banks surveyed. The quality of a bank's board and management depends on the experience, capability, judgment, and integrity of its directors and senior officers. Banks that had directors and managers with significant shortcomings made up a large portion of the banks that we surveyed. These studies...
154. lappuse - O'Connell: Your April 27, 1988 letter to the Comptroller General speculates about the results of our ongoing audit of the Federal Savings and Loan Insurance Corporation's (FSLIC's) 1987 financial statements and raises concerns about what you consider to be GAO' s use of inappropriate procedures to conduct the audit.
459. lappuse - Carey's experience and judgment told him that drinking diminished athletic performance. So Carey tried the psychological approach to wean Wilson from drink. Nothing had worked. As he called the player meeting together, Carey stood at a table on which he had placed two glasses and a plate of live earthworms. One glass was filled with water. The other was filled with gin, Wilson's favorite drink.
38. lappuse - Government does in fact stand behind the insurance funds. This would substantially reduce the cost of funds for many, if not the majority, of financial institutions and restore to profitability many marginally profitable institutions, both in the banking and thrift industries. Thank you very much and I'll be happy to answer any questions. [The complete prepared statement of Mr. Ferguson follows...
405. lappuse - Baker 15," so-called because they are the objects of the "Baker Plan" to respond to the Third World debt problem, are: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Ivory Coast, Mexico, Morocco, Nigeria, Peru, Philippines, Uruguay, Venezuela, and Yugoslavia. about $30 billion more in annual debt service than they are receiving in new loans. This "negative financial transfer...
94. lappuse - ... fixed-rate loans. - The extension of the Federal Reserve's Regulation Q interest rate controls to thrifts in 1966 breathed new life into the thrift financial structure by attempting to control the cost of funds for thrifts. However, this act fostered the continued growth of thrifts. Between the end of 1966 and the end of 1979, the assets of federally insured thrifts (S&Ls and mutual savings banks) almost quadrupled, rising from $182.1 billion to $715.2 billion. Thrift assets actually grew faster...