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At the lower extreme, a critically undercapitalized Federal Deposit Insurance Corporation (FDIC)-regulated institution (i.e., one with a ratio of total capital / assets below 2%) is required to be taken into receivership by the FDIC in order to minimize long-term losses to the FDIC. [1]
Prompt corrective action may require the development of a net worth restoration plan ("NWRP") in the event the credit union becomes less than adequately capitalized. A NWRP addresses the same basic issues associated with a business plan. The plan should be based on the credit union's asset size, complexity of operations, and field of membership.
The FDIC Improvement Act of 1991 expanded federal banking agencies' examination authority, requiring annual inspections and sufficient examination staff for those inspections. Moreover, the agencies received prompt corrective action powers to compel banks to
OTS did not receive a government budget; instead, they were funded by the banks they regulate, like other U.S. federal bank regulators. [1] Other regulatory agencies like the OTS include the Office of the Comptroller of the Currency, the FDIC, the Federal Reserve System, and the National Credit Union Administration.
Minutes of the U.S. Federal Reserve's half-a-percentage-point rate cut last month, to be released on Wednesday, may provide a final word on just how divided policymakers were over a decision that ...
The U.S. central banking system, the Federal Reserve, in partnership with central banks around the world, took several steps to address the subprime mortgage crisis.. Federal Reserve Chairman Ben Bernanke stated in early 2008: "Broadly, the Federal Reserve’s response has followed two tracks: efforts to support market liquidity and functioning and the pursuit of our macroeconomic objectives ...
The Federal Reserve sets the outlook of the country’s economy, evaluating various economic factors and market conditions at eight policy meetings each year. Three key factors it considers are ...
Although potentially devastating to a hospital’s finances, experts say losing Medicare funding is an unlikely outcome — provided staff submit a detailed corrective action plan to federal ...