Amend the Bank Merger Act of 1960, 89-1 on S.1698 ..., May 19, 20, 21, and 27, 1965 |
Innhold
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Vanlige uttrykk og setninger
amendment antitrust laws apply to bank approved Attorney authority bank holding company Bank Merger Act bank supervisory agencies Banking and Currency banking factors banking services banking system Board of Governors branch banking branches BRUMBAUGH California capital CHAIRMAN CLARK Clayton Act commercial banks committee competitive factors Comptroller consolidations decision Department of Justice Deposit Insurance Corporation depositors disapproved exempt FDIC Federal banking agencies Federal Deposit Insurance Federal Reserve Board Federal Reserve System Federal Trade Commission institution insured bank jurisdiction Justice Department largest banks legislation lessen competition loans Manufacturers Hanover MARTIN member banks merged bank merger application monopoly National Bank number of banks O'KANE offices percent Philadelphia Philadelphia National Bank proposed merger public interest regulated regulatory agencies resulting bank Senator BENNETT Senator DOUGLAS Senator PROXMIRE Senator Robertson Sherman Act Slightly adverse substantially Supreme Court tion U.S. Senate York City banks ZAUN
Populære avsnitt
Side 410 - That no corporation engaged in commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital of another corporation engaged also in commerce where the effect of such acquisition may be to substantially lessen competition between the corporation whose stock is so acquired and the corporation making the acquisition or to restrain such commerce in any section or community or tend to create a monopoly of any line of commerce.
Side 345 - Complaints, orders, and other processes of the commission under this section may be served by anyone duly authorized by the commission, either (a) by delivering a copy thereof to the person to be served, or to a member of the partnership to be served, or to the president, secretary, or other executive officer or a director of the corporation to be served; or (b) by leaving a copy thereof at the principal office or place of business...
Side 341 - Nor shall anything contained in this section prevent a corporation engaged in commerce from causing the formation of subsidiary corporations for the actual carrying on of their immediate lawful business, or the natural and legitimate branches or extensions thereof, or from owning and holding all or a part of the stock of such subsidiary corporations, when the effect of such formation is not to substantially lessen competition.
Side 344 - ... in that respect and containing a notice of a hearing upon a day and at a place therein fixed at least thirty days after the service of said complaint The person, partnership, or corporation so complained of shall have the right to appear at the place and time so fixed and show cause...
Side 342 - Upon such filing, the court shall cause notice thereof to be served upon such person, and thereupon shall have jurisdiction of the proceeding and of the question determined therein, and shall have power to grant such temporary relief or restraining order as it deems just and proper...
Side 362 - ... being violated, it shall make a report in writing in which it shall state its findings as to the facts, and shall issue and cause to be served on such person an order requiring such person to cease and desist from such violations, and divest itself of the stock held or rid itself of the directors chosen contrary to the provisions of sections seven and eight of this Act, if any there be, in the manner and within the time fixed by said order.
Side 412 - In commerce where the effect of such acquisition, or the use of such stock by the voting or granting of proxies or otherwise, may be...
Side 223 - System and that consideration has been given to the financial history and condition of the bank, the adequacy of its capital structure, its future earnings prospects, the general character of its management, the convenience and needs of the community to be served...
Side 284 - In compliance with clause 3 of rule XIII of the Rules of the House of Representatives, changes in existing law made by the bill, as reported, are shown as follows...
Side 432 - This intense congressional concern with the trend toward concentration warrants dispensing in certain cases, with elaborate proof of market structure, market behavior, or probable anticompetitive effects. Specifically, we think that a merger which produces a firm controlling an undue percentage share of the relevant market, and results in a significant increase in the concentration of firms in that market is so inherently likely to lessen competition substantially that it must be enjoined in the...