TITLE

Banking industry flexes its political muscle

AUTHOR(S)
McConnell, Bill
PUB. DATE
May 1996
SOURCE
American Banker;5/1/1996, Vol. 161 Issue 83, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the United States banking industry's success at thwarting the passage of legislation to bailout the Savings Association Insurance Fund. Why commercial banks were fighting a bailout of the fund; Efficacy of action taken by the American Bankers Association; How the House Rules Committee was convinced to drop the efforts at bailout; Comments from Edward L. Yingling, chief lobbyist for the American Bankers Association.
ACCESSION #
9605282253

 

Related Articles

  • ABA sees $10 billion cost to banks in funds' merger. Rehm, Barbara A. // American Banker;8/16/1994, Vol. 159 Issue 157, p2 

    Reports on the opposition of the American Bankers Association to the merger of its deposit insurance funds with those of the Savings Association Insurance Fund. Inability of the thrift industry to maintain mandated reserve levels; Decline of assessment base.

  • ABA offers helping hand on thrift fund. Rehm, Barbara A.; de Senerpont Domis, Olaf // American Banker;7/17/1995, Vol. 160 Issue 135, p1 

    Reports on the American Bankers Association's (ABA) agreement to help fix the fledgling Savings Association Insurance Fund. Support for comprehensive legislation that could require banks to finance a portion of the rescue; Call for the merger of the bank and thrift charters; Possible jump-start...

  • Converted thrifts aim for cut in bailout tab on par with Oakars. de Senerpont Domis, Olaf // American Banker;10/5/1995, Vol. 160 Issue 192, p2 

    Reports that a group of banks with thrift deposits is mounting a lobbying campaign to get its tab for the Savings Association Insurance Fund rescue reduced. Gordon W. Campbell as head of the campaign; Proposed joining of ranks with Oakar institutions.

  • Some banks with S&L deposits backing rescue of thrift fund. McConnell, Bill // American Banker;4/19/1996, Vol. 161 Issue 75, p3 

    Reports on some Oakars banks' support for the legislation to bailout the Savings Association Insurance Fund in the United States. What the Oakars are; How the legislation would affect these banks; Details on industry opposition to the legislation; Names of Oakars banks supporting the...

  • Worrying trend, industries' health make now the right time to act. Hawke Jr., John D. // American Banker;5/23/1996, Vol. 161 Issue 99, p5 

    Reacts to responses by banking executives to the commentary of the author presenting arguments forcing banks to pay the bulk of the Savings Association Insurance Fund (SAIF) bonds. Fico-available portion of the SAIF as rapidly shrinking; Need for the US Congress to take immediate action;...

  • Dear Mr. Speaker: Here's how you might fix the thrift fund. Isaac, William M. // American Banker;2/29/1996, Vol. 161 Issue 40, p7 

    Opinion. Focuses on the suggestion that banks in the United States be taxed to bail out the Savings Association Insurance Fund. Background on the issue.

  • Banks shouldn't hold thrift-fund fix hostage. Hawke Jr., John D. // American Banker;3/14/1996, Vol. 161 Issue 50, p4 

    Opinion. Focuses on the reaction of United States bankers to proposals to recapitalize the Savings Association Insurance Fund (SAIF). Effects of SAIF undercapitalization; Consequences of a reduction in SAIF-insured deposits; Failures in the thrift industry during the 1980s.

  • ABA, FDIC differ on thrift fund projection. Fox, Justin // American Banker;3/21/1996, Vol. 161 Issue 55, p3 

    Reports on differences between the American Bankers Association and the Federal Deposit Insurance Corporation on the amount the Savings Association Insurance Fund will reach in 1999. Projected amount by ABA; Claims of over estimation by the Federal Deposit; What FDIC Chairman, Ricki Helfer had...

  • Uphill battle for ABA as it defends turf in thrift fund fight. Rehm, Barbara A. // American Banker;10/9/1995, Vol. 160 Issue 194, p4 

    Reports on problems faced by the American Bankers Association (ABA) in its fight over the Savings Association Insurance Fund. Success in convincing the Federal Deposit Insurance Corp. to reduce bank premiums; Departure from earlier position that the problems facing the fund were not urgent.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics