Download or read book The Condition of the Savings Association Insurance Fund SAIF written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1995 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Condition of the Savings Association Insurance Fund Saif written by and published by . This book was released on 2015-08-05 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Condition of Deposit Insurance Funds and the Impact of the Proposed Deposit Insurance Premium Reduction on the Bank and Thrift Industries written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit and published by . This book was released on 1995 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Condition of the Savings Association Insurance Fund SAIF written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1995 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Audit written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book 104 1 Hearing Financial Condition of BIF and SAIF and Proposals to Merge the Banking Thrift Industries Serial No 104 29 written by and published by . This book was released on 1996 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book To Examine the Current Condition of the U S Banking Industry and Projections for the Bank Insurance Fund written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs and published by . This book was released on 1993 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Condition of BIF and SAIF and Proposals to Merge the Banking Thrift Industries written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit and published by . This book was released on 1996 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Merging the Deposit Insurance Funds written by Marge Roukema and published by DIANE Publishing. This book was released on 2001-07 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Witnesses: Gregory Baer, Assistant Sec. for Fin'l. Institutions, U.S. Dept. of the Treasury; William Fitzgerald, Chairman & CEO, Commercial Federal Bank, Omaha, NE, on behalf of America's Community Bankers; William Isaac, Chairman, The Secura Group, & Secura Burnett Co.; Hjalma Johnson, Chairman & CEO, East Coast Bank Corp., Dade City, FL, on behalf of the Amer. Bankers Assoc.; Martin Mayer, Guest Scholar, The Brookings Institution; Thomas Sheehan, Pres., Grafton State Bank, Grafton, WI, on behalf of the Independent Community Bankers of Amer.; Donna Tanoue, Chmn., FDIC; & Kenneth Thomas, Lecturer on Finance, The Wharton School, Univ. of PA.
Download or read book Financial Audit written by and published by . This book was released on 1996 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deposit Insurance Funds written by United States. General Accounting Office and published by . This book was released on 1994 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Deposit Insurance Corporation's (FDIC) maximum obligation calculations show that as of March 1993 and June 1993, (1) the Bank Insurance Fund's (BIF) assets and other funding sources exceeded its obligations by $41 billion each quarter and (2) the Savings Association Insurance Fund's (SAIF) assets and other funding sources exceeded its obligations by $664 million and $636 million, respectively. Nothing came to GAO's attention that would lead it to question the reasonableness of the amounts reported for these periods. As of June 1993, neither BIF nor SAIF had borrowed funds for insurance losses from the U.S. Treasury, although changing economic conditions and other factors could affect the need for future borrowings. As of June 1993, FDIC had outstanding about $2.5 billion in borrowings from the Federal Financing Bank for BIF's working capital needs. FDIC projected that future net collections from the disposal of BIF's inventory of failed bank assets would be nearly $16 billion. In August 1993, FDIC repaid the outstanding balance of BIF's working capital borrowings to the Federal Financing Bank.
Download or read book Issues Relating to the Bank Insurance Fund and the Savings Association Insurance Fund written by United States. Congress. House. Committee on Banking and Financial Services and published by . This book was released on 1996 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Statistics on Banking written by and published by . This book was released on 1934 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FDIC Quarterly written by and published by . This book was released on 2009 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Condition of Deposit Insurance Funds and the Impact of the Proposed Deposit Insurance Premium Reduction on the Bank and Thrift Industries written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit and published by . This book was released on 1995 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Federal Home Loan Bank System written by Deborah Cohen and published by . This book was released on 1980 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Condition of the Bank and Thrift Industries written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1995 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
