Hartzman Tax & Fiduciary: NCCOB

Showing posts with label NCCOB. Show all posts

10/8/12

If Peoples Bank of North Carolina's CEO Tony Wolfe decided to sign off on SEC reports stating Federal Reserve Borrowings, did BB&T?

It appears that the N.C. Office of the Commissioner of Banks (NCCOB)

oversees the following banks

who used Federal Reserve [apparently not all] Secret Liquidity Lifelines

The Bank had $5.0 million in borrowings
from the Federal Reserve Bank (“FRB”) at December 31, 2008.

This borrowing was a 28-day Term Auction Facility loan
at an interest rate of 0.28% which matured in January 2009.

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