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John Laware

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BUSINESS
May 24, 1988 | From Reuters
President Reagan on Monday nominated John LaWare, a Democrat who is the chairman of one of Boston's leading banks, to be a member of the Federal Reserve Board. If confirmed by the Senate, LaWare, 60, would fill the seat on the central bank board that became vacant in December, 1986, when Henry Wallich resigned because of poor health. LaWare had been chief executive of Shawmut Corp. for seven years until its merger last year with its New England neighbor Hartford National Corp.
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BUSINESS
March 28, 1995 | From Reuters
Federal Reserve Gov. John LaWare is resigning from the central bank's board, the Fed said Monday, giving President Clinton his third opportunity to name an individual to the influential body. The 67-year-old LaWare, whose resignation takes effect April 30, is retiring. His term was to expire in 2002. He will not attend Tuesday's meeting of the Federal Open Market Committee. The policy arm is expected to leave interest rates alone.
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BUSINESS
August 7, 1991 | BETH HAWKINS and ROBERT A. ROSENBLATT, TIMES STAFF WRITERS
L. William Seidman's replacement won't be wearing his two hats, as a bank regulator at the Federal Deposit Insurance Corp. and as a savings and loan asset salesman at the Resolution Trust Corp., Congressional experts and financial analysts agreed Tuesday. Congressional irritation with the Resolution Trust Corp., often deflected by Seidman, is coming into full bloom.
BUSINESS
August 7, 1991 | BETH HAWKINS and ROBERT A. ROSENBLATT, TIMES STAFF WRITERS
L. William Seidman's replacement won't be wearing his two hats, as a bank regulator at the Federal Deposit Insurance Corp. and as a savings and loan asset salesman at the Resolution Trust Corp., Congressional experts and financial analysts agreed Tuesday. Congressional irritation with the Resolution Trust Corp., often deflected by Seidman, is coming into full bloom.
BUSINESS
March 28, 1995 | From Reuters
Federal Reserve Gov. John LaWare is resigning from the central bank's board, the Fed said Monday, giving President Clinton his third opportunity to name an individual to the influential body. The 67-year-old LaWare, whose resignation takes effect April 30, is retiring. His term was to expire in 2002. He will not attend Tuesday's meeting of the Federal Open Market Committee. The policy arm is expected to leave interest rates alone.
BUSINESS
May 10, 1991 | From Associated Press
Forbidding protection of uninsured depositors in "too big to fail" bailouts of large banks would risk the financial equivalent of a nuclear meltdown, John LaWare, a Federal Reserve Board member, said Tuesday. LaWare was joined by Federal Deposit Insurance Corp. Chairman L. William Seidman, Comptroller of the Currency Robert L. Clarke and Treasury Undersecretary Robert R. Glauber.
BUSINESS
August 6, 1999 | Reuters
As expected, President Clinton chose Carol Parry, a bank executive with a experience in community development issues key to his economic agenda, for a seat on the Federal Reserve's board of governors. Parry, 58, would take the position vacated by Susan Phillips, one of two open seats on the seven-member board. Parry would be the first banker to sit on the board since John LaWare stepped down in April 1995. "I'm delighted to be nominated . . .
BUSINESS
June 24, 1992 | From Reuters
The Federal Deposit Insurance Corp., under orders from Congress, proposed sweeping rules Tuesday to curb the activities of weak banks or shut them down, even as top regulators condemned the rules as too harsh. The FDIC voted unanimously to seek public comment on the stiff rules, which must take effect by year's end to meet the terms of the 1991 Bank Safety Act.
BUSINESS
September 25, 1991 | From Associated Press
The government's top banking regulators Tuesday defended their handling of a recent wave of bank mergers as congressional critics questioned whether customers and taxpayers are being adequately protected. Comptroller of the Currency Robert L.
BUSINESS
February 17, 1989 | From Associated Press
A Federal Reserve Board decision that for the first time penalizes a bank for failing to serve poor neighborhoods appears to signal a new willingness by regulators to enforce a 12-year-old law against such practices, community activists said Thursday. The Fed rejected a request by the Chicago-based Continental Bank Corp.
BUSINESS
May 24, 1988 | From Reuters
President Reagan on Monday nominated John LaWare, a Democrat who is the chairman of one of Boston's leading banks, to be a member of the Federal Reserve Board. If confirmed by the Senate, LaWare, 60, would fill the seat on the central bank board that became vacant in December, 1986, when Henry Wallich resigned because of poor health. LaWare had been chief executive of Shawmut Corp. for seven years until its merger last year with its New England neighbor Hartford National Corp.
BUSINESS
January 5, 1994 | From Reuters
The Federal Reserve Board, responding to a White House plan for a single bank regulator, on Tuesday laid out a plan to replace the four regulatory agencies with two that would add 7,000 banks to the Fed's domain. "Our plan is simple and straightforward and accomplishes the streamlining of the regulatory system without creating a monolith," Fed Gov. John LaWare said.
BUSINESS
February 26, 1991 | From Reuters
The insurance fund that backs the nation's troubled banking industry may seek a $10-billion loan to avoid a looming cash crunch, its chairman said Monday. Federal Deposit Insurance Corp. Chairman L. William Seidman, speaking to journalists at a banking industry conference, said the loan should be enough to see the fund through 1991. "But we ought to be looking at further plans for beyond that," Seidman said.
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