The Financial Services Act of 1999: Hearings Before the Subcommittee on Finance and Hazardous Materials of the Committee on Commerce, House of Representatives, One Hundred Sixth Congress, First Session, on H.R. 10, April 28 and May 5, 1999, Volume 4 |
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Results 6-10 of 31
Page 27
... Chairman , in addition to our concern about the extension of the safety net that would accompany the_widening of bank activi- ties through operating subsidiaries , the Federal Reserve Board is also sensitive to the implications of ...
... Chairman , in addition to our concern about the extension of the safety net that would accompany the_widening of bank activi- ties through operating subsidiaries , the Federal Reserve Board is also sensitive to the implications of ...
Page 28
... Board is a strong advocate of financial modernization in order both to elimi- nate the inefficiencies of the current ... FEDERAL RESERVE SYSTEM I would like to thank the Committee for the opportunity to present the views of the Federal ...
... Board is a strong advocate of financial modernization in order both to elimi- nate the inefficiencies of the current ... FEDERAL RESERVE SYSTEM I would like to thank the Committee for the opportunity to present the views of the Federal ...
Page 29
... bank affiliate or in a bank through its subsidiary . Such a decision would be of minor significance , and decidedly not a concern of legislators and regulators , if banks were not subsidized . We at the Federal Reserve strongly support ...
... bank affiliate or in a bank through its subsidiary . Such a decision would be of minor significance , and decidedly not a concern of legislators and regulators , if banks were not subsidized . We at the Federal Reserve strongly support ...
Page 30
... bank to the subsidiary . Some have argued that the subsidy transference to ... Federal Reserve indicates that , over the past quarter of a century , for ... Board believes that this genie would be irreversibly let out of the bottle ...
... bank to the subsidiary . Some have argued that the subsidy transference to ... Federal Reserve indicates that , over the past quarter of a century , for ... Board believes that this genie would be irreversibly let out of the bottle ...
Page 31
... bank activities through operating sub- sidiaries , the Federal Reserve Board is also sensitive to the implications of operating subsidiaries for the safety and soundness of the parent bank . Most of the new activi- ties contemplated by ...
... bank activities through operating sub- sidiaries , the Federal Reserve Board is also sensitive to the implications of operating subsidiaries for the safety and soundness of the parent bank . Most of the new activi- ties contemplated by ...
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Common terms and phrases
Alan Greenspan amendments Arthur Levitt assets authority bank holding company bank's banking regulators believe bill Bliley broker broker-dealer brokerage Chairman Greenspan Commerce Committee Commission competitive concerns Congress consumer protection costs customers deposit insurance DINGELL engage ensure entities equity exemption FDIC Federal Reserve financial institutions financial modernization financial services industry financial services modernization functional regulation GAAP gentleman holding company affiliates holding company structure House Banking Committee insurance activities insurance agents insurance companies insurance regulators insurance sales insured depository institutions investment adviser issue legislation LEVITT loan mutual funds NAIC NASAA NASD national banks NICHOLS nonbank op-sub operating sub operating subsidiary OXLEY Paine Webber parent bank permit preempted provisions regu regulatory capital requirements risk RUBIN safe harbor safety and soundness Section securities activities securities firms SHIMKUS SINDER STUPAK subcommittee subsidy surance testimony Thank tion Treasury underwriting unitary thrift version of H.R. ZIMPHER
Popular passages
Page 16 - ... or any bank holding company as defined in the Bank Holding Company Act of 1956 which is not an investment company...
Page 119 - Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York...
Page 179 - ... what constitutes doing business in this State, and also exercises powers and privileges available to the state by virtue of Public Law 15, 79th Congress of the United States, Chapter 20, 1st Session, S. 340, which declares that the business of insurance and every person engaged therein shall be subject to the laws of the several states.
Page 9 - Nothing in this title shall affect the jurisdiction of the securities commission (or any agency or office performing like functions) of any State or Territory of the United States, or the District of Columbia, over any security or any person.
Page 125 - Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, National Credit Union Administration, Office of Thrift Supervision, and the Department of Housing and Urban Development.
Page 81 - Fellow-citizens, we cannot escape history. We, of this Congress and this administration, will be remembered in spite of ourselves. No personal significance, or insignificance, can spare one or another of us. The fiery trial through which we pass, will light us down, in honor or dishonor, to the latest generation.
Page 92 - The gentleman from New York, Mr. Towns. Mr. TOWNS. Thank you very much, Mr. Chairman. Let me begin by making a comment that Ms.
Page 200 - Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS) and to make recommendations to promote uniformity in the supervision of financial institutions.
Page 128 - Before the Subcomm. on Telecommunications and Finance of the House Comm. on Energy and Commerce (Apr.
Page 111 - Paying for insurance products is one of the largest consumer expenditures of any kind for most Americans. Figures compiled by the NAIC show that an average family can easily spend a combined total of $4,500 each year for auto, home, life, and health insurance coverage. This substantial expenditure...