Mutual Fund Legislation of 1967: Hearings, Ninetieth Congress, First Session, on S. 1659, Parte3U.S. Government Printing Office, 1967 - 1207 páginas Pt. 3: Continuation of hearings on mutual fund legislation. Focuses on Amendment No. 438 to S. 1659, to permit Federal Reserve banks to establish managing agency accounts similar to and competitive with mutual funds. |
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administrative affiliated agent American Bankers Association assets of retirement authority bank collective funds bank collective investment Bank's banking laws bill Chairman collective fund maintained collective investment funds commercial banks commingled Account common trust fund competition Comptroller CONGRESS THE LIBRARY corporate Court disclosure employee Exchange Commission federal banking agencies Federal Reserve System Federal securities laws FERGUSON funds for H.R. funds for managing Glass-Steagall Act granted hearings insurance companies interest or participation Internal Revenue Code investment adviser Investment Company Act Investment Company Institute LIBRARY OF CONGRESS managing agency accounts McIntyre amendments ment mutual fund NASD national banks National City Bank operation pension permit plaintiffs pooled or collective prohibit proposed amendments provisions pursuant registration regulatory reinvestment of assets requirements retirement plans Securities Act Securities and Exchange securities business Securities Exchange Act self-employed individuals Senator MCINTYRE Senator WILLIAMS Smathers-Keogh solely of assets statute statutory tion trusts for self-employed underwriting units of participation
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Página 1244 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Página 1311 - The Commission, by rules and regulations upon its own motion, or by order upon application, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions, from any provision or provisions of this title or of any rule or regulation thereunder, if and to the extent that such exemption is necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by...
Página 1244 - ... securities and stock without recourse, solely upon the order, and for the account of, customers, and in no case for its own account, and the association shall not underwrite any issue of securities or stock: Provided, That the association may purchase for its own account investment securities under such limitations and restrictions as the Comptroller of the Currency may by regulation prescribe.
Página 1302 - Common Trust Fund" means a fund maintained by a national bank exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as trustee, executor, administrator, or guardian.
Página 1264 - The bill would generally exempt any interest in a collective investment fund maintained by a bank from the provisions of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940 if such fund is maintained in conformity with regulations of the Comptroller of the Currency pertaining to collective investments by national banks. The bill defines the term "collective investment fund...
Página 1331 - SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of , and State of...
Página 1345 - ... any common trust fund or similar fund maintained by a bank exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian...
Página 1314 - Commission under this title may obtain a review of such order in the circuit court of appeals [court of appeals] of the United States within any circuit wherein such person resides or has his principal place of business, or in the United States Court of Appeals for the District of Columbia, by filing in such court, within sixty days after the entry of such order, a written petition praying that the order of the Commission be modified or set aside in whole or in part.
Página 1220 - Reserve bank; or any interest or participation in any common trust fund or similar fund maintained by a bank exclusively for the collective investment and reinvestment of assets contributed thereto by such bank in its capacity as trustee, executor, administrator, or guardian...
Página 1345 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...