David Barr Quotes (23 Quotes)

The benefit is if you have inflation, the deposit insurance limit will not be eroded and keep up. And if you have periods of relatively low inflation, that low inflation wouldn't be eroding or eating away at the insurance limit.

But their policies are not uniform in terms of how long they will last. It's up to the individual banks as to when they ratchet those (relief measures) down, ... Some are starting to cut back a little.

We're not overly concerned. There is still time for them to get their houses together and we are monitoring them closely.

And David Barnes played a very good innings. He has been a terrific signing for us and has been very consistent all year as well as being a positive influence to the team.

We disagree with the opinion and don't think it was supported by the facts, which is the main reason why we appealed.

We strongly disagree with the ruling. It's not supported by the facts of the case.

We will need to find a new chairman and secretary and I would like to extend my appreciation to both of them for all their hard work over the years.

There has been quite a bit of interest and that's why we want to hold these hearings.

Unfortunately, banks located in the most heavily storm-damaged areas might not be able to open or restore online services for some time. That applies especially to small banks and thrifts without a regional or national network. If this applies to you, ... you really should contact one of the emergency service organizations, such as FEMA or the Red Cross , and request assistance.

It's really hard to gauge timing. A lot depends on what negotiations might have to be made and whether we need more information from the applicant.

too early to have any estimates of the financial loss to banks.

We have had some failures in the past where people have had considerable amounts of money in individual retirement accounts. They've suffered significant losses. But that coverage will go up to 250,000 per person when we change this rule.

The industry is making very good progress. The number of institutions (whose readiness) is unsatisfactory continues to decline.

It literally failed overnight from fraud. Half the assets were completely gone. A lot of retirees lost their money.

We have to balance the ease and convenience with security. If we don't do anything, criminals will become more sophisticated in separating people and their money.

This is a way of ensuring that inflation will no longer chip away at the amount of deposit insurance coverage.

The bottom line is we just voted to cut 2 million out of our budget, yet we're going to hold on to a May election. It comes down to cost.

When Target applied to open its industrial bank in 2004, we didn't get a single comment from the public. We've gotten 4, 000 letters and witnesses for the Wal-Mart application. The majority are negative. But popularity is not a criteria for an industrial bank.

Don't panic. Your banking information isn't lost. What most likely is causing problems for people in the affected area is not a loss of financial or banking data, but the loss of the telephone and communications infrastructure, ... Once telephone service becomes restored to more and more areas, and once the affected banks manage to get their own verification systems back online, the situation should improve.

One that went out in January was fishing for personal financial information. One earlier this month spread a computer virus.

The proposed bank is a limited purpose bank.

We expect banks to perform a risk analysis, and, based on that risk analysis, provide an extra layer of security by the end of the year.

Historically, over the past 10 to 12 years, depositors with excess of 100,000 received 72 cents on the dollar.