Washington / D . C. / Oklahoma City / Washington / D.C. / Detroit / Miami / /
Company
First Pennsylvania Bank N.A. / Franklin National Bank / Penn Square Bank N. A. / Deposit Insurance National Bank / Carter H. Golembe Associates Inc. / Bank of the Commonwealth / Birmingham Bloomfield Bank / Five Points National Bank / /
Country
United States / /
Currency
USD / /
Event
Person Communication and Meetings / Reorganization / /
Holiday
Commonwealth Day / /
IndustryTerm
substantial real estate loan problems / closed-bank transactions / bank borrowing limits / bank premises / state law / state banking authorities / bank bank liquidati~ns.~ failures / insured bank / oil price shock / state bank liquidations / insurance liability / insurance limit / unit banking states / bank failures / bank loan losses / management / precise insurance coverage / temporary insurance plan / insurance protection / insolvent bank / insured state bank / large bank payoff / bank solvency / bank / bank liquidations / closed-bank purchase / bank liquidation specialists / failed bank assets / mutual savings banks / chartered banking groups / computing / limited banking services / bank suspension / bank failure rate / merged-out bank / insured banks / /
Organization
Comptroller of the Currency / Brookings Institution / Public Administration / Senate Committee on Banking and Currency / In Senate / Senate / Congress / Federal Deposit Insurance Corporation / FDIC / Committee on Banking and Currency / /
Person
Edwin Lamke / Carter H. Golembe / Fulbright / Maple Harl / H . Earl Cook / Cyril B. Upham / /
Position
supervisor / chairman / Comptroller / general business insolvencies / presiding subcommittee chairman / /
An important consideration in setting up the FDIC was the establishment of an agency that, in addition to providing deposit insurance, would handle bank failures and liquidate failed bank assets in an orderly, inexpensiv