SEC and Citicorp: Hearings Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, Ninety-seventh Congress, Second Session, September 13 and 17, 1982 |
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activities allegations amount assets audit auditors bank's Belgian francs Brussels Brutsche capital central bank Chairman Citibank branches Citibank N.A. Citicorp Commission Committee Comptroller conduct contracts corporate Costanzo counsel countries deals deposits DINGELL disclosure documents DOHERTY dollars earnings Edwards Eurocurrency European branches exchange control foreign currency foreign exchange positions foreign exchange trading foreign exchange transactions forward contracts Frankfurt funds future contracts German Head Office Huntington income internal investigation laws liability limits liquidity loans Logan London Luxembourg market rates maturity memo Milan branch million Monaco money market Muqaddam Nassau branch Natvig operations overnight position Paris branch parked positions parking transactions placements Pomeroy procedures profit or loss record regulations regulatory requirements reserves risk S&S Report Shearman & Sterling SPORKIN staff statement STEIN Sterling report swap Swiss franc Switzerland tax haven telex transfer Treasury violated Vojta WHITTAKER York Zurich
Popular passages
Page 93 - SS: , being duly sworn, deposes and says that he is the petitioner in the above-entitled proceeding; that he has read the foregoing petition and knows the contents thereof; that the same is true of his own knowledge, except as to matters therein stated to be alleged upon information and belief, and that as to those matters he believes it to be true.
Page 476 - ... (i) transactions are executed in accordance with management's general or specific authorization; (ii) transactions are recorded as necessary (I) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements...
Page 84 - To the above named defendant : You are hereby summoned to answer the complaint in this action, and to serve a copy of your answer on the plaintiff's attorney within twenty days after the service of this summons...
Page 158 - FASB 145 rescinds FASB 4, which required all gains and losses from extinguishment of debt to be aggregated and, if material, classified as an extraordinary item, net of related income tax effect. As a result, the criteria in APB Opinion 30 will now be used to classify those gains and losses. FASB 64 amended FASB 4, and is no longer necessary since FASB 4 is no more. FASB 44 was issued to establish accounting requirements for the effects of transition to the provisions of the Motor Carrier Act...
Page 287 - ... will depend at any given time upon a balancing of both the indicated probability that the event will occur and the anticipated magnitude of the event in light of the totality of the company activity.
Page 93 - Belief [Venue] , being duly sworn, deposes and says that he is the plaintiff in the within entitled action, that he has read the foregoing complaint and knows the contents thereof; and that the same is true of his own knowledge, except as to matters therein stated to be alleged on information and belief and as to those matters he believes it to be true.
Page 476 - ... (A) make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer; and (B) devise and maintain a system of internal accounting controls...
Page 291 - Commission may publish its findings and issue an order requiring such person to comply with such provision or such rule or regulation thereunder upon such terms and conditions and within such time as the Commission may specify in such order.
Page 11 - System before the Subcommittee on Commerce, Consumer, and Monetary Affairs of the Committee on Government Operations...
Page 291 - If the Commission finds, after notice and opportunity for a hearing, that any person subject to the provisions of section 12, 13, 14, or subsection (d) of section 15 of this title or any rule or regulation thereunder has failed to comply with any such provision, rule, or regulation in any material respect, the Commission may publish its findings and issue an order requiring such person, and any person who was a cause of the failure to comply due to an act or omission the person knew or should have...