Accounting for Contingencies, says a set of circumstances exists involving uncertainty about the possible loss to thrift institutions
holding these obligations.
The managements of thrift institutions
and their auditors must recognize and adjust to the risk inherent in their loan portfolios.
(22.) The Board previously has indicated that it may consider the competitiveness of a thrift institution
at a level greater than 50 percent of its deposits when appropriate.
The Federal Reserve Board of Governors established its CDIAC in 2010 as a mechanism for community banks, thrift institutions
, and credit unions (with assets of $10 billion or less) to provide input to the Board on the economy, lending conditions and other issues.
The recent slowdown in residential construction could reduce the demand for mortgages, commercial real estate and construction loans--activities that have been important factors in loan growth for banks and thrift institutions
in recent years, according to a report by the Federal Deposit Insurance Corporation (FDIC).
Further detailed are the federal reserve system; regulation of the banking market, securities market, and insurance; thrift institutions
; pension funds, retirements accounts, and social security; and current controversies.
* The Securities and Exchange Commission (SEC) published for comment two rules, one of which would grant thrift institutions
a limited exception from Investment Advisers Act requirements governing the manner and extent to which such entities may hold themselves out to the public as providers of investment advisory services (www.sec.gov/news/press/200458.htm).
At the same time, there were 7,887 FDIC-insured commercial banks and 1,534 insured thrift institutions
(savings and loan associations and mutual savings banks).
Treasury bureau that regulates the nation's thrift institutions
, such as savings banks.
(Riverwoods, IL) has released CCH 1999 Bank Tax Guide, a new desktop reference that includes relevant rules, strategies and analysis on the taxation of banks and thrift institutions
. Targeted to bank controllers and financial officers, CPAs and attorneys with bank pratices, the volume covers such topics as: applying market-to--market rules to an institution; determining if S Corporation status is right for an institution; properly treating credit card fees, points and non-performing loans; preventing disallowance of loan origination expenses; accounting for interest, fee and other income; modified debt; foreclosures; business expenses; bad-debt deductions; and, acquisitions.
With the signing of the Small Business Job Protection Act of 1996 (SBJPA), banks and thrift institutions
(as defined in Sec.
In fact, the banking industry posted record net profits in 1992, and the vast majority of surviving thrift institutions
were in the black.