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Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 144
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Book Description
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 144
Get Book Here
Book Description
Author:
Publisher:
ISBN: 9781332256174
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
Excerpt from The Condition of the Savings Association Insurance Fund (Saif): Hearing Before the Committee on Banking, Housing, and Urban Affairs United State Senate, One Hundred Fourth Congress, First Session on the Difficulties Facing the Saif to Pay the Remaining Costs of the Failures and the Forthcoming Bif-Saif Premium Dis Par The subcommittee met, pursuant to notice, at 10:03 a.m., in room 2128, Rayburn House Office Building, Hon. Marge Roukema [chairwoman of the subcommittee] presiding. Present: Chairwoman Roukema, Representatives McCollum, Be-reuter, Roth, King, Royce, Lucas, Metcalf, Bono, Ehrlich, Vento, LaFalce, Mfume, Maloney, Barrett, Orton, Wynn, and Watt, Chairwoman Roukema. The hearing will come to order and the subcommittee will come to order. I might note at the beginning that we are here for a very important meeting as testified to by the overflow group of observers that we have here. And I must say that on benalf of our Republican Members, there is a Republican conference that may still be in meeting. But I would expect that other Members will be arriving, but we are going to begin in consideration of all our panelists and given the importance of the issue. The subcommittee is continuing its oversight of the financial condition of the FDIC insurance funds today and specifically the viability of the SAIF, given the proposed premium reductions for members of the Bank Insurance Fund. Members may remember, and I am sure we all do, that in March this subcommittee held 2 days of hearings on this specific subject. At that time the subcommittee heard from representatives of the Administration and the relevant regulatory agencies that the long-term viability of the SAIF might be threatened by a number of factors, including the statutory requirement that the SAIF members pay $780 million per year to pay for interest obligations on the FICO and the fact that the insurance fund deposit base had been shrinking. While the subcommittee heard a number of options on how to deal with the problem, not one solution was proffered by the Administration or the regulators at that time. Since then, a number of events have taken place which I will briefly, very briefly, review. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author:
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ISBN:
Category : Banks and banking, Foreign
Languages : en
Pages : 328
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Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 594
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Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289267285
Category :
Languages : en
Pages : 38
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GAO reviewed the Savings Association Insurance Fund's (SAIF): (1) financial statements for the years ended December 31, 1991, and 1990; and (2) internal control structure and compliance with applicable laws and regulations. GAO found that: (1) the financial statements presented fairly, in all material respects, the SAIF financial position for the years then ended, in conformity with generally accepted accounting principles; (2) as of December 31, 1991, SAIF reported an $87-million fund balance; (3) SAIF financial statements reflected a $21-million loss attributable to the failure of Oakar banks, or banks that acquired thrifts' deposits; (4) the financial condition of the thrift industry improved in 1991, but economic uncertainties will continue to affect SAIF exposure to potential insurance losses; (5) it is uncertain whether insurance assessments and Treasury payments, the two primary revenue sources for SAIF, will be sufficient to enable SAIF to carry out its responsibilities and achieve its net worth goals; (6) the Federal Deposit Insurance Corporation (FDIC), which administers SAIF, proposed an assessment rate increase to help SAIF reach its designated reserve ratio of 1.25 percent of its insured deposits; (7) FDIC lacks an adequate process for estimating potential insurance losses for SAIF, particularly those posed by failures of smaller Oakar banks; and (8) FDIC does not consistently follow its policies and procedures for time and attendance reporting.
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 528
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Book Description
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 356
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Author: United States. Congress. House. Committee on Banking and Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 184
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Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 38
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