Given the impracticality of attempting to create a variable that quantifies all the basic provisions of either the Tax Reform Act of 1986 or the
Federal Deposit Insurance Corporation Improvement Act of 1991, the latter are each represented by a binary dummy variable, TR[A.
As described in detail below, the
Federal Deposit Insurance Corporation Improvement Act of 1991 places restraints on discount window lending to institutions that do not meet minimum capital standards.
The
Federal Deposit Insurance Corporation Improvement Act of 1991 requires banking institutions with assets of over $150 million to have audit committees made up entirely of outside directors independent of management.
A single federal regulator would effectively end the dual banking system: It would become an empty shell if a state-chartered entity had no choice of federal regulator or--reflecting a recent
Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) provision--different asset powers.
As a result, one of the provisions of the
Federal Deposit Insurance Corporation Improvement Act of 1991, signed into law by the president last December, is elimination of the retroactive impact of Lampf.
The Financial Institutions Reform, Recovery and Enforcement Act of 1989 contains the 1989 amendments to HMDA; the
Federal Deposit Insurance Corporation Improvement Act of 1991 contains the 1991 amendments.
The expansion in coverage of mortgage companies came with FIRREA and with the amendments to HMDA in the
Federal Deposit Insurance Corporation Improvement Act of 1991.
We saw change as a constructive response, and, while we were prepared to implement the change by adapting our regulations, we cooperated with this committee, which chose to amend our discount window procedures as part of the
Federal Deposit Insurance Corporation Improvement Act of 1991.
In the Board's statements during the drafting of and debate about the
Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), the Board supported the principle of expanded activities only for strongly capitalized banks.
1989 (FIRREA), the
Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), and the evidence of restrained lending by banks.
To provide further guidance in this area to banks and examiners and to respond to requirements of the
Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA), the Board has developed a proposal for measuring interest rate risk in the context of the Basle Accord and earlier this week approved its publication for public comment.
At the end of the third quarter of 1992, only one of the District's 1,200 failed to meet the "adequately capitalized" requirement under the prompt corrective action provisions of the
Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA).
