Bank holding company legislation and related issues: hearings before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, first session ....U.S. Government Printing Office, 1980 |
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Página 666
... advantage to the general public if commercial banks are allowed to participate in the revenue bond market . I am not convinced that making the changes required in this legislation will not bring long - range harm to the economy . The ...
... advantage to the general public if commercial banks are allowed to participate in the revenue bond market . I am not convinced that making the changes required in this legislation will not bring long - range harm to the economy . The ...
Página 668
... advantage of whatever competitive forces produce ? Mr. GONZALEZ . Of course that has been the argument . Mr. SCHEUER . Except we haven't always talked about equalizing the unfair competitive advantages that the securities people claim ...
... advantage of whatever competitive forces produce ? Mr. GONZALEZ . Of course that has been the argument . Mr. SCHEUER . Except we haven't always talked about equalizing the unfair competitive advantages that the securities people claim ...
Página 673
... advantages in areas which were not intended by Congress and which would clearly result in economic inefficiency ... advantage of the banking industry over the securities industry is in the cost of the principal raw material of any ...
... advantages in areas which were not intended by Congress and which would clearly result in economic inefficiency ... advantage of the banking industry over the securities industry is in the cost of the principal raw material of any ...
Página 674
... advantage in the securities underwriting business . A second legal advantage which banks enjoy over nonbank underwriters is the right of deducting for federal income tax purposes the ( already low ) cost of their capital - i.e ...
... advantage in the securities underwriting business . A second legal advantage which banks enjoy over nonbank underwriters is the right of deducting for federal income tax purposes the ( already low ) cost of their capital - i.e ...
Página 678
... advantages in the tax - exempt market- place will now be covered . The Securities Industry Association recently conducted a survey of its mem- bers . Gross revenues in 1978 from municipal underwriting and trading were esti- mated at ...
... advantages in the tax - exempt market- place will now be covered . The Securities Industry Association recently conducted a survey of its mem- bers . Gross revenues in 1978 from municipal underwriting and trading were esti- mated at ...
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Términos y frases comunes
Adapso affiliates Amendments application assets bank holding companies bank underwriting bank's Bankers Association Banking Act BARNARD bill business of banking capital CARSWELL CAVANAUGH Chairman ST GERMAIN Citibank Citicorp Citishare City commercial banks commercial paper Committee competition Comptroller computer services concentration conflicts of interest Congress corporate customers dealer banks debt deposits DOWNEY economic effect engage Federal Reserve Board financial institutions financing funds Glass-Steagall Act going Governor PARTEE HANLEY Holding Company Act investment banking Investment Company Institute investors issuers lease legislation lessee limited loan Mayor MELTON ment million municipal bonds municipal revenue bonds municipal securities Mussa National Bank Act national banks negotiated nonbanking obligation bonds percent permitted private placement prohibit proposed purchase question regulation regulatory residual value restrictions result revenue bond market savings Section securities firms securities industry selling statement subcommittee subsidiary term testimony tion Trust Company WYLIE
Pasajes populares
Página 1009 - ... securities act of 1933, as amended in 1934, are relevant. These sections follow: "Sec. 2. When used in this title, unless the context otherwise requires — "(1) The term 'security' means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit...
Página 1010 - ... security" or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
Página 872 - 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 881 - Board after due notice and opportunity for hearing has determined (by order or regulation) to be so closely related to banking or managing or controlling banks as to be a proper incident thereto.
Página 907 - In determining whether a particular activity is a proper incident to banking or managing or controlling banks the Board shall consider whether its performance by an affiliate of a holding company can reasonably be expected to produce benefits to the public, such as greater convenience, increased competition, or gains in efficiency, that outweigh possible adverse effects, such as undue concentration of resources, decreased or unfair competition, conflicts of interest, or unsound banking practices.
Página 797 - Act, to be so closely related to banking as to be a proper incident thereto (subject to such terms and conditions contained in such regulation or order, unless modified by the Board);".
Página 925 - The business of dealing in securities and stock by the association shall be limited to purchasing and selling such 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...
Página 1005 - The limitations and restrictions herein contained as to dealing in, underwriting and purchasing for its own account, investment securities shall not apply to obligations of the United States, or general obligations of any State or of any political subdivision thereof, or obligations...
Página 762 - Institutions and trust companies subject to regulation and examination by the Comptroller of the Currency or the Board of Governors of the Federal Reserve System, or the Federal Deposit Insurance Corporation.
Página 696 - No officer, director, or employee of any corporation or unincorporated association, no partner or employee of any partnership, and no individual, primarily engaged in the issue, flotation, underwriting, public sale, or distribution, at wholesale or retail, or through syndicate participation, of stocks, bonds, or other similar securities...