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Original publisher: Washington, D.C. : The Office ; Gaithersburg, MD (P.O. Box 6015, Gaithersburg 20884-6015) : The Office [distributor, 1996] LC Number: KF974 .U54 1996 OCLC Number: (OCoLC)36002744 Subject: Banking law -- United States. Excerpt: ... Chapter 1 Introduction From 1980 to 1990, record losses absorbed by the federal deposit Problems of Thrifts and insurance funds highlighted the need for a new approach in federal Banks From 1980 to 1990 regulatory oversight. Sharply mounting thrift losses over the decade FSLIC ), bankrupted the Federal Savings and Loan Insurance Corporation ( which was the agency responsible for insuring thrifts until 1989, despite a doubling of premiums and a special $ 10.8 billion recapitalization program. During this period, a record 1, 020 thrifts failed at a cost of about $ 100 billion to the deposit insurance funds for thrifts. Banks also failed at record rates. From 1980 to 1990, a total of 1, 256 federally insured banks financial assistance. Estimated losses to the FDIC were closed or received bank insurance fund for resolving these banks was about $ 25 billion. These losses resulted in the bank insurance fund's incurring annual net losses in 1988, 1989, and 1990 that jeopardized the fund's solvency for the ' s inception. FDIC first time since Industry analysts have recognized many factors as contributing to the high level of thrift failures from 1980 to 1990. For example, thrifts faced increased competition from nondepository institutions, such as money-market funds and mortgage banks, as well as periods of inflation, recession, and fluctuating interest rates during that period. High interest rates and increased competition for deposits during the decade also created a mismatch between interest revenues from the fixed rate mortgages that constituted the bulk of the thrift industry's assets and the cost of borrowing funds in the marketplace. Increased powers granted to thrifts in a period during which supervision did not kee
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Bank and thrift regulation: implementation of FDICIA'S prompt regulatory action provisions: report to congressional committees
Bokrecensioner » Bank and thrift regulation: implementation of FDICIA'S prompt regulatory action provisions: report to congressional committees
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