The Economic Growth and Regulatory Paperwork Reduction Act--S. 650: Hearings Before the Subcommittee on Financial Institutions and Regulatory Relief of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fourth Congress, First Session, on S. 650 ... May 2 and 3, 1995, Volumen4U.S. Government Printing Office, 1995 - 594 páginas |
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additional affiliates amended application approval assets authority Bank Holding Company bank's bankers believe BESSANT bill borrowers branch capital Chairman CINCOTTA community banks Community Reinvestment Act compliance Congress consumer costs CRA rating deposit insurance depository institutions disclosures eliminate enforcement examination exempt extension of credit Fair Housing Act FDIC Federal banking agencies Federal Home Loan Federal Reserve Act Federal Reserve Board fees financial institutions foreign bank former Part 32 funds HELFER HMDA Home Loan Bank Home Mortgage industry investment issue legislation lenders ment million national banks nonbank officers paperwork Paperwork Reduction Act percent problems proposal protection real estate reduce regulations regulatory burden rescission RESPA RETSINAS rule safety and soundness savings associations Secretary CISNEROS self-testing Senator SARBANES Senator SHELBY small banks small business statute statutory streamlined Subcommittee thrift TILA tion transactions Truth-in-Lending Act Truth-in-Savings unnecessary
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Página 456 - Adjudication ("OFIA") means the executive body charged with overseeing the administration of administrative enforcement proceedings of the Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve Board ("FRB"), the FDIC, the Office of Thrift Supervision ("OTS") and the National Credit Union Administration ("NCUA").
Página 93 - Funds deposited or held in trust by the bank awaiting investment shall be carried in a separate account and shall not be used by the bank in the conduct of its business unless it shall first set aside in the trust department United States bonds or other securities approved by the Federal Reserve Board.
Página 363 - Public Citizen is a nonprofit research and advocacy organization founded by Ralph Nader in 1971, which works on behalf of its over 60 thousand members and all consumers. Congress Watch is the legislative advocacy arm of Public Citizen.
Página 456 - Web site, the council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the board of governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union 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...
Página 103 - As mentioned earlier, in accordance with section 303 of the Riegle Community Development and Regulatory Improvement Act of 1994, the FDIC is undertaking a comprehensive review of its regulations and policy statements to streamline, eliminate or modify them where possible.
Página 363 - Consumers Union's income is solely derived from the sale of Consumer Reports, its other publications and from noncommercial contributions, grants and fees. In addition to reports on Consumers Union's own product testing, Consumer Reports...
Página 91 - ... (b) The Board shall immediately notify the Attorney General of any approval by it pursuant to this Act of a proposed acquisition, merger, or consolidation transaction, and such transaction may not be consummated before the thirtieth calendar day after the date of approval by the Board. Any action brought under the antitrust laws...
Página 110 - ... 225.44 Reporting of stock loans. (a) Requirements. (1) Any foreign bank or affiliate of a foreign bank that has credit outstanding to any person or group of persons, in the aggregate, which is secured, directly or indirectly, by 25 percent or more of any class of voting securities of a state member bank, shall file a consolidated report with the appropriate Reserve Bank for the state member bank. (2) The foreign bank or its affiliate also shall file a copy of the report with its appropriate Federal...
Página 343 - ... as defined under HOLA. 12 USC § 1467a(m). Under the definition currently set forth in HOLA, "qualified thrift investments" are largely comprised of traditionally mortgage-related assets such as loans made to purchase, refinance, construct, improve, or repair domestic residential housing or manufactured housing home equity loans, mortgage-backed securities, and certain federal banking agency obligations. Although the definition of qualified thrift investments also includes certain other assets...
Página 94 - SPECIFIC REGULATORY BURDENS Regulatory burden came into being through accretion. Each law and related regulation may be only marginally burdensome, but taken together their cumulative effect has become greatly burdensome . In accordance with section 303 of the Riegle Community Development and Regulatory Improvement Act of 1994, I have initiated a complete review of the agency's regulations and policy statements in an effort to identify those that have become obsolete or those for which the cost to...