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Tuesday, April 21, 2020 | History

4 edition of Thrift Depositor Protection Act of 1993 found in the catalog.

Thrift Depositor Protection Act of 1993

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs.

Thrift Depositor Protection Act of 1993

report of the Committee on Banking, Housing, and Urban Affairs, United States Senate, to accompany S. 714, together with additional views

by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs.

  • 59 Want to read
  • 8 Currently reading

Published by U.S. G.P.O. in Washington .
Written in English

    Subjects:
  • Resolution Trust Corporation (U.S.) -- Appropriations and expenditures,
  • Savings Association Insurance Fund (U.S.) -- Appropriations and expenditures,
  • Deposit insurance -- Law and legislation -- United States

  • Edition Notes

    SeriesReport / 103d Congress, 1st session, Senate -- 103-36
    The Physical Object
    Paginationiii, 28 p. ;
    Number of Pages28
    ID Numbers
    Open LibraryOL14443372M
    OCLC/WorldCa28164414

      (b) TABLE OF CONTENTS.— Section 1(b) of the National and Community Service Act of (Public Law ; Stat. ) is amended by striking the item relating to section and inserting the following new item: ``Sec. State Commissions on National and Community Service.´´. (c) EFFECTIVE DATE.— The amendments made by this section . The term "Federal Home Loan Bank" or "Bank" means a bank established under the authority of the Federal Home Loan Bank Act. (B) BANK SYSTEM. The term "Federal Home Loan Bank System" means the Federal Home Loan Banks under the supervision of the Board.


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Thrift Depositor Protection Act of 1993 by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Download PDF EPUB FB2

Get this from a library. Thrift Depositor Protection Act of report of the Committee on Banking, Housing, and Urban Affairs, United States Senate, to accompany S.together with additional views. [United States. Congress.

Senate. Committee on. First, the committee will hold a hearing and a markup on H.R.which is entitled the ''Thrift Depositor Protection Oversight Board Abolition Act.'' Second, the committee will consider an amendment to the committee rules to account for an increase in membership of the two subcommittees as a result of the committee being Thrift Depositor Protection Act of 1993 book by two.

Text of S. (rd): Resolution Trust Corporation Completion Act as of (Passed Congress version). Limitation on bonuses and compensation paid by the RTC and the Thrift Depositor Protection Oversight Board. Sec. FDIC--RTC transition task force. no provision of this Act or any amendment made by this Act shall.

Text of S. (rd): Resolution Trust Corporation Completion Act as of (Passed the House with an Amendment version). the term ‘qualified person or entity’ so as to include any employee of the Thrift Depositor Protection Oversight Board or any employee assigned to the Corporation under subsection (b)(8).

real property. Text for H.R - rd Congress (): Revitalization of Depository Institution Liquidation Procedures Act of The Thrift Depositor Protection Oversight Board may issue rules, regulations, standards, policies, procedures, guidelines, and statements as the Thrift Depositor Protection Oversight Board considers necessary or appropriate to carry out Thrift Depositor Protection Act of 1993 book authorities and duties under this chapter which shall be promulgated pursuant to subchapter II of chapter.

HR A bill to amend the Employee Retirement Income Security Act of to provide that Thrift Depositor Protection Act of 1993 book Act does not preempt certain J State of Thrift Depositor Protection Program.

annual report of the thrift depositor protection oversight board and the resolution trust corporation for the calendar year a report by the thrift depositor protection oversight board and the resolution trust corporation as required by section 2ia(k)(4) of the federal Thrift Depositor Protection Act of 1993 book loan bank act, 12 u.s.c.

a(k)(4) digitized for fraser. the manner in which RTC and the Thrift Depositor Protection Oversight Board (hereafter called the Oversight Board) implemented the mandated reforms. It also describes the progress they made toward achieving Thrift Depositor Protection Act of 1993 book compliance during the year File Size: 6MB.

Full text of "The semiannual report of the Resolution Trust Corporation Thrift Depositor Protection Oversight Board hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Third Congress, second session, on the Financial Institutions Reform, Recovery, and Enforcement Act of (FIRREA) requires that the Oversight Board.

In the Omnibus Budget Reconciliation Act ofCongress included a “national depositor preference” amendment, which applied to all insured institutions closed on or after Aug The second significant act was the appropriation by Congress of an additional $ billion to the FSLIC Resolution Fund (FRF) to handle the assets and.

Answer: T The prompt corrective action program of the FDIC Improvement Act allows Thrift Depositor Protection Act of 1993 book bank or thrift to be placed into receivership when the book value of capital to assets falls below 2 percent.

Answer: T The ability of the FDIC to place a bank into receivership even though the book value of capital remains positive is an attempt to institute increased stockholder. To the Thrift Depositor Protection Oversight Board Resolution Trust Corporation We have audited the Resolution Trust Corporation’ s accompanying statements of financial position as of Decem andand the related statements of revenues, expenses, accumulated deficit, and cash.

Improvement Act of extended the Corporation’s resolution responsibility through Septem Under the Chairmanship of the Secretary of the Treasury, the Thrift Depositor Protection Oversight Board monitors the Corporation’s operations, provides general policy direction, and reviews its performance.

This banner text can have markup. web; books; video; audio; software; images; Toggle navigation. Book value reductions for the end of the fiscal year Septemtotaled $ billion, an 87 percent return of the book value of disposed assets.

Inthe RTC National Sales Center was involved in a number of large sales transactions of commercial real. board), Congress passed the RTC Refinancing, Restructuring, and Improvement Act of (P.L.

Among other things, the law replaced the Oversight Board with what has been described as a more limited and less intrusive Thrift Depositor Protection Oversight Board (TDPO), which included the Secretary of the Treasury and the Chairman.

Text: S — rd Congress ()All Information (Except Text) Listen to this page There are 4 versions: Enrolled Bill Engrossed Amendment House (09/14/) Engrossed in Senate (05/13/) Placed on Calendar Senate (04/01/). Sec. - Thrift Depositor Protection Oversight Board and Resolution Trust Corporation (a) Thrift Depositor Protection Oversight Board established (1) In general.

There is hereby established the Thrift Depositor Protection Oversight Board as an instrumentality of the United States with the powers and authorities herein provided.

(2). book value; and - protected million deposit accounts, totaling $ biHion in deposits. We instituted new programs in to ensure a strong recovery rate for both premium and distressed assets.

In June, we launched the residential V securitization program, issuing securities backed by single-family and multifamily mortgages. By the. The RTC Completion Act of (P.L. ) terminated the RTC as of Decem All of its remaining assets, liabilities, and duties were transferred to the FDIC.

In the end, the RTC orchestrated the closing of thrifts, more than 25% of the industry. The Resolution Trust Corporation: Historical Analysis The Resolution Trust Corporation: Historical Analysis Gary Shorter Specialist in Business and Government Relations Government and Finance Division Summary In a legislative response to financial troubles in the thrift industry, the Financial Institutions Reform, Recovery, and Enforcement Act of (FIRREA, P.L.

The Federal Deposit Insurance Corporation Improvement Act of and the National Depositor Preference Act of shifted more of the burden of bank.

The repeal of section 17 of the Federal Home Loan Bank Act [this section] by section of the Financial Institutions Reform, Recovery and Enforcement Act ofthe repeal of section (c) of the National Housing Act [12 U.S.C. § (c)] by section of this title [repealing 12 U.S.C.

§§et seq.], and the abolishment of the. "The ultimate success of the cleanup and the final loss numbers are still in the balance," says Peter H. Monroe, president of the Thrift Depositor Protection Oversight Board. Pub. –, §1(a), Dec. 17,Stat.provided that: "This Act [enacting section of this title and section 8C of the Inspector General Act ofPub.

95–, set out in the Appendix to Title 5, Government Organization and Employees, amending sections a,, j. The first loan, designated #S, has a book value of $ million. It is backed by asquare-foot shopping center in eastern Texas.

Package #S is made up of two loans, with a book value of $ million, that are secured by a unit apartment project in the Dallas area. Contact: Leonard Woods ()ext.

RE A. 08/02/93 LOAN OFFERINGS: Mixed Installment Loans from New York Thrift. CSW Associates Inc. of Miami is seeking bids for an FDIC portfolio of installment loans.

The first of two pools contains 75 performing loans with a book value of $, The companion pool is made up of 67 nonperformers with a book value of $, Deficit Control Act of (P.L) repealed the off-budget status of these entities and placed social security (Fed-eral old-age and survivors insurance and the Federal disability insurance trust funds) off-budget.

Though social security is now off-budget and, by law, excluded from coverage of the congressional bud. An insured depositor transfer method is used.

Neither the insured depositors nor the FDIC lose under the insured depositor transfer method. Uninsured depositors receive the remaining bank assets of $75m - $55m = $20 million against liabilities of $45 million, for a loss of $25 million. A commercial bank has $ million in assets at book value.

An insured depositor transfer method is used. Neither the insured depositors nor the FDIC lose under the insured depositor transfer method. Uninsured depositors receive the remaining bank assets of $75m - $55m = $20 million against liabilities of $45 million, for a loss of $25 million.

A commercial bank has $ million in assets at book. The Federal Deposit Insurance Reform Act of (Title II, subtitle B of Pub.L.

–, Stat. 9, enacted February 8,with a companion statute, Federal Deposit Insurance Reform Conforming Amendments Act ofPub.L. –, Stat.enacted Febru ), was an act of the United States Congress on banking l authorities: Consumer Financial. In their place, the act established the Federal Housing Finance Board (FHFB) as an independent agency, responsible for overseeing the operations of the 12 regional FHLBanks, relinquished control of the insurance functions to the Federal Deposit Insurance Corporation (FDIC), and transferred the thrift supervisory and regulatory functions of the.

Summary. In a legislative response to financial troubles in the thrift industry, the Financial Institutions Reform, Recovery, and Enforcement Act of (FIRREA, P.L. ) was enacted: FIRREA's principal mission was to conduct a partially tax-payer funded program to address the troubles of the nation's many insolvent do so, it established a new entity.

NRS “Thrift certificate” defined. “Thrift certificate” means a chose in action, in passbook or certificate form, evidencing the obligation of the licensee to pay money and does not include subordinate debt securities.

(Added to NRS by; A). Depositor-preference laws and the cost of debt capital increased the total taxpayer bill in the thrift debacle more than percent. The Omnibus Budget Reconciliation Act of included. Banking and financial 1. Provided by APPENDIX B ListofAbbreviationsand GlossaryofTerms This list of abbreviations and glossary of terms is compiled from terminology that is used in this publication.

An entry with an asterisk in the list of abbreviations is defined in the glossary of terms. Federal Deposit Insurance Corporation Agency overview Formed J Jurisdiction Federal government of the United States Headquarters Washington, D.C.

Employees 8, (December )[1] Agency executives Jelena McWilliams, Chairman, Vice Chairman Website The Federal Deposit Insurance Corporation (FDIC) is a. Thrift Depositor Protection Oversight Board abolishment, Vento run for Banking Committee ranking member, 2 folders.

Visa and Mastercard anti-trust investigation, th Congress, Bank secrecy and. The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass–Steagall Act of It provides deposit insurance, which guarantees the safety of deposits in member banks, up to $, per depositor per bank.

As of Novemthe FDIC insures deposits at 6, institutions. The FDIC also examines and supervises. Gujarat Panchayats Act, Next. Act No. pdf of guj [Dated 26th August, ] of an pdf under the Protection of Civil Rights Act, (XXII of Bombay) or under the Bombay Prohibition Act, (XXV of ), unless a period of five years, or such lesser period as the State Government may allow in any particular case.10 Jun The New Central Bank Act.

R.A. 18 Download pdf An Act liberalizing the entry and scope of operations of foreign banks in the Philippines and for other purposes R.A. 23 Feb An Act providing for the regulation of the organization and operation of Thrift Banks, and for other purposes.

R.A. 21 Oct Ebook. In this chapter, we discuss milestones in banking legislation and review bank regulatory reform ebook. This chapter is complementary to Chap which primarily looked at the objectives of regulation and how these have been translated in various regulatory measures around the we examine first what has happened from a more historic point of view .