nonbanking

In addition, major banks have extended loans to their own nonbanking affiliates.

American bank holding companies are prohibited from owning more than 5 percent of the voting stock in a nonbanking enterprise.

Nationsbank has also been active in buying nonbanking companies.

The sponsorship of credit cards by retailers and other nonbanking companies has been among the most divisive issues in the American credit card industry.

Fannie Mae, the largest nonbanking financial institution in the world, plays a pivotal role in the nation's housing markets.

Equally important, the directors can sell Village Financial to a nonbanking business, greatly widening the pool of possible acquirers.

The end of the property boom in 1990 left trillions of yen in bad loans at the nonbanking lenders.

Then four officials left the Money Laundering Control Authority, a unit whose job is to clamp down on the nonbanking sector.

The corporate cultures that characterize our nonbanking businesses are entirely different from the corporate culture required to run institutions that accept the public's deposits.

For several years, Sumitomo Bank Limited of Japan has been increasing its nonbanking activities in the United States.

The report said the Swiss would try to encourage reporting, including "increasing awareness among players in Swiss financial circles, especially in the nonbanking sector."

Citicorp contended that the Fed, which regulates bank holding companies and their nonbanking subsidiaries, did not have the jurisidiction to issue an order affecting state-chartered banks.

The transformation of traditional mortgage companies into full-fledged banks, and a rush into the retail financial services market by supermarkets and other nonbanking concerns, has magnified the competition.

On the other hand, large nonbanking concerns, such as Sears, Roebuck & Company, are also testing the current limits by using limited-service banks to gain a foothold in banking.

Savings and loan institutions, for instance, can make investments in commercial real estate and other nonbanking businesses, while banks have limits on the extent to which they can engage in those activities.

Still, demand for bank products is growing at a healthy rate, which is one reason why nonbanking companies like the General Electric Company have moved into areas like corporate lending and credit cards.

The decision by the regulators to approve the State Farm charter and those proposed by other traditional nonbanking companies was a consequence of the continuing consolidation in the financial services industry, experts said today.

The saga of Federated Department Stores and the Allied Stores Corporation - at $8.2 billion, it was and remains one of the most expensive nonbanking bankruptcies ever - has wound its way to an apparently happy denouement.

What that means is not only do we have to have a healthy banking sector, but we're going to have to figure out what we do with the nonbanking sector that was providing almost half of our credit out there.

They are also concerned that if the banking parent and its nonbanking subsidiaries were not subject to the same kinds of rigorous capital requirements, risks taken by the nonbanking subsidiaries of the parent company could have a spill-over effect and weaken the bank.

Frequent Frustration For Deregulation Efforts The Reagan Administration has met frustration in its efforts to lessen regulation of banking, largely because Paul A. Volcker, the current Federal Reserve chairman, has firmly opposed any move that would begin to break down the barriers that prohibit large nonbanking companies from owning banks.