TITLE

Vote May Show If Tiebreaker Has Set FDIC on New Course

AUTHOR(S)
Linder, Craig
PUB. DATE
January 2004
SOURCE
American Banker;1/13/2004, Vol. 169 Issue 8, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
After Thomas J. Curry was confirmed as the fifth member of the Federal Deposit Insurance Corp. board, observers said his appointment would finally enable it to set policy without Treasury Department assent. The board is slated to consider a proposal to simplify coverage rules for living-trust accounts eight months after its members split on the issue and postponed a decision. Mr. Curry, who was sworn in Monday, could be the tiebreaker on a board that has had only four members since 1998. "People will be watching him on this vote," said Chris Cole, a regulatory counsel at the Independent Community Bankers of America.
ACCESSION #
11909867

 

Related Articles

  • New FDIC Director Invites CUs to Switch. Linder, Craig // American Banker;3/9/2004, Vol. 169 Issue 46, p20 

    It could be a "good thing" if some credit unions converted to banks, the newest member of the U.S. Federal Deposit Insurance Corp.'s board of directors, Thomas J. Curry said on Monday. Mr. Curry warned, though, that credit unions and the nation's 285 mutually owned thrifts face many of the same...

  • What BIF lacks will affect banks' tax.  // ABA Banking Journal;Mar1991, Vol. 83 Issue 3, p14 

    Focuses on the intensification of the debate over the recapitalization of the Bank Insurance Fund in the U.S. Limitation of the options on the plan of the Treasury Department; Importance of the timing of contributions; Treatment of the additional bank payments.

  • FDIC to Give Details On Asset Program. Adler, Joe // American Banker;3/26/2009, Vol. 174 Issue 58, p2 

    The author reports on plans by the Federal Deposit Insurance Corp. (FDIC) to inform banks about a plan it has with the U.S. Treasury Dept. to help banks in eliminating toxic assets. Topics that the FDIC discussed with bankers during a conference call in regards to eliminating toxic assets are...

  • Take Fight to Politically Tied Launderers. Ringel, Jed // American Banker;9/23/2009, Vol. 174 Issue 177, p9 

    In this article the author discusses progress which has been made in the area of financial regulation by several U.S. agencies including the U.S. Treasury Department and the Federal Deposit Insurance Corp., in 2009 in response to corrupt banking practices. The author is supportive of the...

  • Treasury: Rules on Bank Size to Ride On FDIC Backing.  // American Banker;1/26/2010, Vol. 175 Issue 13, p2 

    The article discusses a proposal being drafted by the U.S. Treasury Department to restrict the activities of banks. Treasury official Neal Wolin noted that banks that are insured by the Federal Deposit Insurance Corp. would be barred from certain risky activities such as owning hedge funds and...

  • REGULATORY ROUNDUP.  // American Banker;10/8/2009, Vol. 174 Issue 186, p17 

    The article presents several news briefs related to banking and finance regulation in the U.S. The Federal Deposit Insurance Corp. has proposed that all member banks be required to pay in advance premiums due for the next three years. The Treasury Department announced that BlackRock Inc. and...

  • Bair: Borrowing from Banks Not Best Option to Help DIF. Monks, Matthew // American Banker;9/28/2009, Vol. 174 Issue 179, p12 

    The article reports that Sheila Bair, Chairman of the Federal Deposit Insurance Corp. (FDIC) said that borrowing from banks was not "a preferred option" to add to the FDIC's cash reserves. The FDIC's reserves have declined in 2009 as a result of increasing bank failures. Bair said either...

  • Regulatory Roundup.  // American Banker;1/10/2002, Vol. 167 Issue 7, p4 

    Presents several banking issues in the United States which are available for public views and opinions. Revision of the statement on minority-owned banks by the Federal Deposit Insurance Corp.; Plan of the Treasury Department to require brokers-dealers to file money laundering reports; Issuance...

  • Joint statement from agencies urges prudent lending.  // North Western Financial Review;12/1/2008, Vol. 193 Issue 23, p3 

    The article reports on the joint statement released by the Federal Government, Federal Deposit Insurance Corp. (FDIC) and the Department of the Treasury in the U.S. in November 2008. The agencies released a joint statement restating that they anticipate all banking organizations to accomplish...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics