tailieunhanh - The Federal Reserve System: PURPOSES & FUNCTIONS

The Table below organizes known bad bank examples and current proposals according to the source of capitalization and organizational form. As the Table shows, the majority of known bad banks have been established based on a decentralized organizational model. Retriva and Securum (Sweden) as well as BIH (Berlin) were founded through the subdivision of a bank threatened with insolvency into a good and bad bank. In all three of these cases, the government provided the funding for the bad bank and also recapitalized the good bank in exchange for a shareholder stake. . | The Federal Reserve System POSES FUNCTIONS SYSTEM PUBLICATION The Federal Reserve System PURPOSES ƠPUNCTIONS Board of Governors of the Federal Reserve System Washington . First Edition May 1939 Second Edition November 1947 Third Edition April 1954 Fourth Edition February 1961 Fifth Edition December 1963 Sixth Edition September 1974 Seventh Edition December 1984 Eighth Edition December 1994 Ninth Edition June 2005 Library of Congress Control Number 39026719 Copies of this book may be obtained from Publications Fulfillment Board of Governors of the Federal Reserve System Washington DC 20551. Publications Committee Lynn S. Fox Chair Scott G. Alvarez Sandra Braunstein Marianne M. Emerson Jennifer J. Johnson Karen H. Johnson Stephen R. Malphrus Vincent R. Reinhart Louise L. Roseman Richard Spillenkothen and David J. Stockton Purposes and Functions is published under the direction of the staff Publications Committee. It is assisted by the Publications Department under the direction of Lucretia M. Boyer. .