Bailout levy hits home for congressional backers of banks with S&L deposits
Tags: SAVINGS Association Insurance Fund (Organization); THRIFT institutions -- Finance; BANK investments
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Reports on the protest of banks against the government's plan to capitalize the Savings Association Insurance Fund through a one-time fee on thrift deposits. Letter to Federal Deposit Insurance Corp. chairman Ricki Helfer; Argument by banks that they should not be penalized for having bought...
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Reports on the approval of separate plans in the House and Senate budget packages to rescue the Savings Association Insurance Fund. Additional plans by the banking committees to reconcile the differences between the two versions; Amount to be paid by thrifts and banks to capitalize the fund;...
- Small thrifts threatened by fund rescue plan. Epstein, Jonathan D. // American Banker;8/18/1995, Vol. 160 Issue 159, p8
Asserts that community thrifts insured by the Savings Association Insurance Fund would drop to lower capital classifications if forced to pay a proposed one-time assessment to recapitalize it. Study by the `American Banker' periodical; Preparations by some larger thrifts to deal with the plan;...
- 11 banks push to pay less in rescue of thrift fund. Rehm, Barbara A. // American Banker;8/21/1995, Vol. 160 Issue 160, p1
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- House panel's solution for thrift fund holds some pitfalls for banks. de Senerpont Domis, Olaf // American Banker;8/21/1995, Vol. 160 Issue 160, p4
Reports on the support of members of a House Banking subcommittee to a comprehensive solution on how to rescue the Savings Association Insurance Fund. Jubilation of bank lobbyists in reaction to the support; Introduction of package that recapitalizes the thrift fund; Proposed merger of thrift...
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- Thrift group near victory that could be its last. Fox, Justin // American Banker;9/25/1995, Vol. 160 Issue 184, p4
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- Bailout levy is deductible, U.S. assures wary thrifts. Seiberg, Jaret // American Banker;10/2/1995, Vol. 160 Issue 189, p1
Reports on the Department of Treasury's assurance of thrift banks that money paid to capitalize the Savings Association Insurance Fund will be tax deductible. Effect of tax loss on thrift industry; Provisions under bailout plan being considered by Congress; Implications of Supreme Court's 1992...
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Reports on US Treasury Secretary Robert Rubin's meeting with big-bank executives in an attempt to win their support for President Bill Clinton's plan to rebuild the Savings Association Insurance Fund. Failure to resolve the disagreement over the rescue plan; Bankers' call for a comprehensive...
