(2) AFFILIATION- An insured depository institution
, a company that controls, directly or indirectly, an insured depository institution
or is treated as a bank holding company for purposes of the Bank Holding Company Act of 1956 (12 U.S.C.
The adjusted monetary base combines in a single index Federal Reserve actions that affect the supply of base money - open market operations, discount window lending, and unsterilized foreign exchange market intervention - with actions that affect depository institutions
' demand for base money - changes in statutory reserve requirements.
Associated operates the fourth largest depository institution
in the market, controlling deposits of $1.7 billion, which represent approximately 5.1 percent of market deposits.
One criticism in its report, Failed Banks: Accounting and Auditing Reforms Urgently Needed (April 1991), and again in Depository Institutions
: Flexible Accounting Rules Lead to Inflated Financial Reports (June 1992), concerns the term "probable" when used to measure loan impairment.
In evaluating financial factors in expansion proposals by depository institutions
, the Board reviews the financial condition of the institutions involved.
(37) Federal law requires an insured depository institution
to provide notice to the public and to the appropriate federal supervisory agency before closing a branch.
Prior to enactment of the EGRRCPA, only qualifying insured depository institutions
Seiffert, has been appointed to the Federal Reserve's Community Depository Institutions
Advisory Council (CDIAC).
As shown in the figure below, primary credit loans provided to depository institutions
through the discount window has continued to decline.
The Federal Reserve Board announced the approval of policy changes that seek to reduce the overuse of Federal Reserve Bank cash-processing services by providing incentives for depository institutions
to recirculate currency among their customers.
Appendix A provides a routing symbol guide that helps depository institutions
determine the maximum permissible hold periods for most deposited checks.
The FDIC has also issued guidance to insured depository institutions
about selected provisions of the Sarbanes-Oxley Act related to corporate governance, audits and reporting requirements.