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Thursday, July 30, 2020 | History

2 edition of Federal supervision and failure of the Penn Square Bank, Oklahoma City, Okla. found in the catalog.

Federal supervision and failure of the Penn Square Bank, Oklahoma City, Okla.

United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee.

Federal supervision and failure of the Penn Square Bank, Oklahoma City, Okla.

hearing before a subcommittee of the Committee on Government Operations, House of Representatives, Ninety-seventh Congress, second session, July 16, 1982.

by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee.

  • 103 Want to read
  • 2 Currently reading

Published by U.S. G.P.O. in Washington .
Written in English

    Places:
  • Oklahoma,
  • Oklahoma City.,
  • United States.
    • Subjects:
    • Penn Square Bank.,
    • Bank failures -- Oklahoma -- Oklahoma City.,
    • Bank failures -- Law and legislation -- United States.

    • Edition Notes

      Item 1016-A, 1016-B (microfiche)

      Classifications
      LC ClassificationsKF27 .G634 1982g
      The Physical Object
      Paginationv, 495 p. :
      Number of Pages495
      ID Numbers
      Open LibraryOL2816539M
      LC Control Number83601348

      The concept Bank failures represents the subject, aboutness, idea or notion of resources found in Boston University Libraries. Federal Deposit Ins. Corp. v. Jennings, F. Supp. (W.D. Okla. ) case opinion from the U.S. District Court for the Western District of Oklahoma.

      On July 5, , that thinking changed with the failure of Penn Square Bank, N. A., (Penn Square) Oklahoma City, Oklahoma. Penn Square had been paying high interest rates in order to attract cash, which it invested in high-risk oil and gas exploration loans. Mr. Chairman and members of the committee, I welcome this opportunity to describe the Office of the Comptroller of the Currency's actions concerning the Penn Square Bank of Oklahoma City, Okla., which I declared insolvent at p.m., central daylight savings time, on July 5, In brief, the story of the Penn Square Bank is one of rapid and.

      Oklahoma Banking Department North Lincoln Boulevard Oklahoma City, Oklahoma Phone: Phone: Fax: Penn Square Bank, NA— “His education cost fifty million dollars and all he learned was how to subtract.” Robert Gregory, Oil in Oklahoma2 It was the best of times, it was the worst of times. Penn Square Bank, NA was a very small commercial bank located in the rear of Penn Square Shopping Mall in Oklahoma City, Okla-.


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Federal supervision and failure of the Penn Square Bank, Oklahoma City, Okla by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee. Download PDF EPUB FB2

Penn Square Bank was a small commercial bank located in Oklahoma City, Oklahoma, that failed in July The bank made a large amount of poorly underwritten energy-related loans that it sold to other banks. Losses on these loans led to. Federal supervision and failure of the Penn Square Okla.

book, Oklahoma City, Okla.: hearing before a subcommittee of the Committee on Government Operations, House of Representatives, Ninety-seventh Congress, second session, J [United States.] on *FREE* shipping on qualifying offers.

Federal supervision and failure of the Penn Square Bank, Oklahoma City, Okla: Hearing before a subcommittee of the Committee on Government Operations, Congress, second session, J [United States. Congress. House. Committee on Government Operations.

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Penn Square Bank, Oklahoma City; July 5, ; Deposits: $ million. Oklahoma National Bank, Oklahoma City; Oct.

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also available in docx and mobi. Read online, read in mobile or Kindle. Bank failures -- Law and legislation -- United States Filed under: Bank failures -- United States Ending Government Bailouts As We Know Them (c), ed.

by Kenneth E. Scott, George Pratt Shultz, and John B. Taylor (PDF files with commentary at Hoover Institution). 1 photograph: digital, TIFF file, color. Penn Square failed inand Continental nearly collapsed two years later after the largest run on deposits in banking history.

The Government saved Continental with a $ billion bailout in (); Penn Square Bank Failure: Hearings Before the House Comm. on Banking, Finance and Urban Affairs, 97th Cong., 2d Sess. (); Federal Supervision Failure of the Penn Square Bank, Oklahoma City, Okla.: Hearing Before the Subcomm.

on Commerce, Consumer, and Monetary Affairs of the House Comm. on Government Operations, 97th Cong., 2d Sess. 1 photograph: digital, TIFF file, color. Photo, Print, Drawing Sculpture "Vigii" located in plaza of the former Alfred P. Murrah Federal Building, Oklahoma City, Oklahoma original digital file.

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Federal Supervision And Failure Of The Penn Square Bank Oklahoma City Okla. Statements and Speeches of William M. Isaac, An Update on the Failure of the Penn Square Bank Oklahoma City, Oklahoma: Statement Presented to the Committee on Banking, Housing, and Urban Affairs, United States Senate by William M.

Isaac, Federal. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee: Adequacy of Federal Home Loan Bank Board supervision of Empire Savings and Loan Association: hearing before a subcommittee of the Committee on Government Operations, House of Representatives, Ninety-eighth Congress, second session, Ap Federal supervision and failure of the Penn Square Bank, Oklahoma City.The Oklahoma City Branch opened on August 2,as the third branch office of the Federal Reserve Bank of Kansas City.

Since then, the Oklahoma City Branch has served as a local connection to the nation's central bank. Learn about the history of the Oklahoma City Branch and how it has evolved over the years with the following resources.