Banks should still get muni powers, despite bill's unclear progress
- One way or another, more banks may get to underwrite muni revenue bonds. Kinnander, Ola // Bond Buyer;12/30/98, Vol. 326 Issue 30549, p4
Reports that American banks may get a chance to enter the municipal revenue bond underwriting business if the United States Congress passes financial modernization legislation. Incoming chairman of the Banking Committee Phil Gramm's opposition to the Community Reinvestment Act provision which...
- Banks pin underwriting hopes on reform, not OCC. Koning, Rachel // Bond Buyer;11/04/98, Vol. 326 Issue 30514, p4
Focuses on the possibility of a Congressional approval for laws to allow banks in the United States to directly underwrite municipal revenue bonds. Goals to relieve internal bureaucracy; Anticipation for mid-sized banks to pursue easier underwriting application strategies.
- Proposed Idaho Bond Bank Could Mean Lower Local Interest Rates. Finestone, Deborah // Bond Buyer;07/24/2000, Vol. 333 Issue 30938, p36
Focuses on the legislation that would create a bond bank to buy bonds from local municipalities in Idaho. Taxpayer savings expected from the bond bank; Effects of bond banks on a state's credit quality.
- Senate panel OKs latest draft of bill. Kinnander, Ola // Bond Buyer;03/05/99, Vol. 327 Issue 30592, p4
Reports on the United States Senate Banking Committee's approval of a version of its financial modernization bill which would allow banks to directly underwrite municipal bonds. Reasons of Democrats for opposing the measure; Differences with the House version.
- House, Senate in deal on bank reform. Kinnander, Ola // Bond Buyer;10/13/99, Vol. 330 Issue 30746, p2
Reports on United States House and Senate's introduction of a compromise financial modernization bill that would allow banks to directly underwrite municipal revenue bonds. Clinton Administration's disappointment over recommendations on the financial modernization bill.
- Money in occupied New Orleans, 1862—1868: A test of Selgin’s “salvaging” of Gresham’s Law. Pecquet, Gary M.; Thies, Clifford F. // Review of Austrian Economics;Jun2010, Vol. 23 Issue 2, p111
We examine the monetary experience of New Orleans when it was occupied during and immediately following the Civil War, using newly assembled data regarding the quantity and market value of the cityâ€™s municipal notes and the cityâ€™s fiscal position. Municipal notes, acceptable for...
- House panel: Expand banks' muni powers. Reynolds, Katherine M. // Bond Buyer;02/05/98, Vol. 323 Issue 30325, p5
Reports on the US House Commerce Committee's proposal to allow banks to directly underwrite municipal revenue bonds in an attempt to reach a compromise on financial modernization legislation. Permission of state-chartered trust companies and insured banks to conduct securities activities;...
- Small, medium-sized banks not rushing to underwrite Muni bonds. Kinnander, Ola // Bond Buyer;11/17/99, Vol. 330 Issue 30770, p6
Reports on President Bill Clinton's singing of financial modernization legislation allowing commercial banks to underwrite municipal revenue bonds in the United States. Policy put in place with the repeal of the 1933 Glass-Steagall Act; Plan by the Commerce Bank to sell the revenue bonds...
- Leach: Once more into the breach for reform. Kinnander, Ola // Bond Buyer;10/22/98, Vol. 326 Issue 30505, p9
Reports that United States House Banking Committee Chairman James Leach introduced a bill that would allow banks to directly underwrite municipal revenue bonds.