TITLE

Banks could pay 23% of fund bailout

AUTHOR(S)
Rehm, Barbara A.
PUB. DATE
August 1995
SOURCE
American Banker;8/17/1995, Vol. 160 Issue 158, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on banks' possible payment of 23 percent of the cost of rebuilding the Savings Association Insurance Fund if the government's plan is adopted by the US Congress. Amount of thrift deposits owed by banks; Federal government's proposed rescue plan for the insurance fund centered on a one-time fee that will be levied against all thrift deposits.
ACCESSION #
9509144531

 

Related Articles

  • Insurance fund jitters seem to cool banks' ardor for thrifts. Rhoads, Christopher // American Banker;10/6/1995, Vol. 160 Issue 193, p1 

    Reports on the lack of enthusiasm among commercial banks in the United States to buy thrifts due to congressional debate over the Savings Association Insurance Fund. Issue on how much holders of thrift deposits must pay to recapitalize the fund.

  • U.S. plan hits banks for bulk of SAIF tab. Rehm, Barbara A. // American Banker;5/8/1995, Vol. 160 Issue 87, p1 

    Reports on the US government's plan to shore up the Savings Association Insurance Fund (SAIF). Banks' paying of most of the annual interest on bonds sold in 1987 to start the thrift cleanup; Payment by savings institutions of a one-time fee; Extension of the life of the Resolution Trust Corp....

  • SAIF policy options. Osterberg, William P.; Thomson, James B. // Economic Commentary;Jun95, p1 

    Discusses policy options for dealing with Savings Association Insurance Fund (SAIF). Taking no action to reduce the Bank Insurance Fund (BIF)/SAIF differential; Merging of the funds; Capitalizing the SAIF.

  • Senate panel: Exempt 5% of thrift deposits held by banks. McConnell, Bill // American Banker;9/21/1995, Vol. 160 Issue 182, p1 

    Reports on the decision of the Senate Banking Committee to give banks that bought thrift deposits a break on the bill for fixing the Savings Association Insurance Fund. Special assessment for thrifts to pay; Percentage discounted from thrift deposits; Discretion given to the Federal Deposit...

  • Lawmaker says banks won't escape paying part of thrift fund tab. Esptein, Jonathan D. // American Banker;9/12/1995, Vol. 160 Issue 175, p2 

    Reports on Florida Representative Bill McCollum's assertion that Congress will not allow banks that bought thrift deposits avoid a proposed one-time assessment to recapitalize the Savings Association Insurance Fund. Argument by banks that their tab for the thrift fund rescue should be reduced;...

  • No `special treatment' for banks on fund bailout, thrift group urges. Fox, Justin // American Banker;9/12/1995, Vol. 160 Issue 175, p2 

    Reports on a call by America's Community Bankers' to Congress not to give special treatment to banks in the bailout of the Savings Association Insurance Fund. Response to lobbying by banks to reduce their share of the bailout; Concerns about the implications of the banks' request for special...

  • OTS says Uncle Sam can't block thrifts from chartering banks to cut premiums. Rehm, Barbara A. // American Banker;4/6/1995, Vol. 160 Issue 66, p2 

    Reports on Office of Thrift Supervision (OTS) Jonathan Fiechter's view that the government cannot stop thrifts from chartering banks to siphon highcost deposits out of the Savings Association Insurance Fund. Great Western Bank FSB's filing of applications to charter national banks in California...

  • Bank groups churning out schemes to minimize hit for restocking thrift fund. Rehm, Barbara A. // American Banker;5/10/1995, Vol. 160 Issue 89, p2 

    Reports on banking industry representatives' efforts to dissuade policymakers from requiring banks to repair the thrift insurance fund. Independent Bankers Association of America's plan to pull credit unions into any Savings Association Insurance Fund (SAIF) bailout; Terms of the government's...

  • Vote on thrift fund fix likely today in House, this weekend in Senate. McConnell, Bill // American Banker;9/27/1996, Vol. 161 Issue 186, p2 

    Focuses on the Savings Association Insurance Fund. Provision against Farm Credit System banks from owning credit unions and to ban deposit insurance for the retirement CD; Authority of the Federal Reserve Board to exempt any class of loans from the Truth-in-Lending Act; Repeal of civil...

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