List/Grid Tag Archives: comptroller
Agencies clarify supervisory expectations for stress testing by community banks
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For immediate release May 14, 2012 Three federal banking agencies Monday issued a joint statement to clarify expectations for stress testing by community banks–banks, savings associations, and bank and savings and loan holding companies with $10 billion or less in total assets. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of Currency clarified that community banks are not required or expected to conduct the types of stress testing required of larger organizations.
Agencies propose revisions to leveraged finance guidance
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For immediate release March 26, 2012 The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency (the agencies) are seeking comment on proposed revisions to the interagency leveraged finance guidance issued in 2001. Transactions that are covered by this guidance are characterized by a borrower with a degree of financial or cash flow leverage that significantly exceeds industry norms as measured by various debt, cash flow, or other ratios.
Senate votes to merge treasurer, comptroller offices
By Melissa Leu Illinois Statehouse News SPRINGFIELD — Illinois voters may have one less box to check off come the 2014 election. The Illinois Senate on Thursday voted unanimously to combine the state’s treasurer and comptroller offices through a constitutional amendment. If passed, the merger is expected to save about $12 million annually.
Video: Dan Rutherford on merger
[unable to retrieve full-text content]Illinois Treasurer Dan Rutherford speaks about the plan to merge the Treasurer and Comptroller’s office. [There is a video that cannot be displayed in this feed. Visit the blog entry to see the video.]
Attorney General: Pay Quinn’s appointees
January 26, 2011 Melissa Leu Illinois Statehouse News SPRINGFIELD — Gov. Pat Quinn’s unconfirmed appointees can rest assured that they will receive their paychecks.
Lame-duck lawmakers ponder next moves after voting for tax hike
By Mary J. Cristobal Illinois Statehouse News SPRINGFIELD — The income tax hike may be the talk of the state, but lame-duck lawmakers who voted for the increase believe the time for talk had ended and action needed to be taken.
Old bills still an issue for Illinois
January 20, 2011 SPRINGFIELD — What is suppose to be the medicine to alleviate Illinois’ headache of unpaid bills might just be a placebo says state Comptroller Judy Baar Topinka. The Riverside Republican says the recent income tax hike of 67-percent isn’t enough to pay the $6-billion worth backlogged bills.
Rutherford, Topinka: No Blank Checks For Quinn Borrowing
By Benjamin Yount Illinois Statehouse News SPRINGFIELD – Democrats will control most of the process to craft a new state budget next year. But the only two Republicans to win a statewide office last week say they will have their say as well. Comptroller-elect Judy Baar Topinka and Treasurer-elect Dan Rutherford both plan to flex their muscle as the state’s fiscal officers, with an aim at Gov.
New GOP Fiscal Players Want Answers On Quinn Borrowing
November 9, 2010 SPRINGFIELD – Illinois Republicans couldn’t take the governor’s mansion or take-over the General Assembly, but the GOP may still have a say in the next state budget. Comptroller-elect Judy Baar Topinka and Treasurer-elect Dan Rutherford both say they are going to hold the line on borrowing. Both need to sign-off on any short-term borrowing from Governor Pat Quinn’s office. And Rutherford says before he signs, he wants some answers.
Judy Baar Topinka leads comptroller race
With 72 percent of precincts reporting, Republican Judy Baar Topinka has moved ahead of Democrat David Miller in the race for Illinois comptroller. Topinka is a former state treasurer and previous gubernatorial candidate.