Penn Square Bank Failure: Hearings Before the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-seventh Congress, Second Session ....U.S. Government Printing Office, 1982 |
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amount ANNUNZIO Assignor assigns audit Average BAKER bank's BARNARD Bill Jennings Bill Patterson borrowings BOYD capital cash cent CHAIRMAN Chicago collateral committee Company Comptroller Comptroller's Office Continental Bank Continental Illinois Corporation Continental Illinois National Continental's correspondent banks credit losses credit union CUMMINGS customers December 31 deposits directors division documentation DRIGGS earning assets equity Executive Vice President expense FDIC Federal financial statements foreign funds HATFIELD Income before security income taxes interest income interest rates investment JAEHNING JAMES COYNE Jennings Lease financing receivables lending liabilities loans and lease LYTLE Michigan National Michigan National Bank Middeldorf million Mortgaged Property Mortgagor Net interest income Net interest margin Note OAKAR oil and gas Oklahoma City Overriding Royalty Interest participations payment Penn Square Bank PERKINS portfolio problems purchase question RENDA SAYRES SCHUMER Square's Stockholders subsidiaries thereof tion Trustees
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192 ページ - Is the case, that the loans to such persons (1) were made in the ordinary course of business, (11) were made on substantially the same terms, Including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons, and (ill) did not involve more than normal risk of collectibility or present other unfavorable features.
238 ページ - THE STATE OF TEXAS COUNTY OF BEFORE ME, the undersigned authority, on this day personally appeared , known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed.
210 ページ - Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
211 ページ - These securities have not been approved or disapproved by the Securities and Exchange Commission nor has the Commission passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary Is a criminal offense.
200 ページ - December 31, 19X8 and 19X7, and the results of their operations and the changes in their financial position for the years then ended, in conformity with generally accepted accounting principles applied on a consistent basis.
200 ページ - Our examinations were made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
259 ページ - This Agreement may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument.
313 ページ - ... maximum amount of a line of credit shall be stated in the line of credit agreement between the investing and borrowing credit unions; (3) The terms and maturities of outstanding loans and the schedule of payments of principal balances outstanding under a line of credit do not exceed one year; and (4) The investment is approved by the board of directors, or its authorized executive or investment committee. (b) Prior to making a loan or extending a line of credit, and annually in the case of an...
200 ページ - A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions.
221 ページ - DOLLARS ($10.00), the covenants and obligations contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 1 .TERM.