Insurance Industry - Federal Reserve Board

  • 2008 - AIG - Geithner (Federal Reserve - New York)
    • AIG - Willumstad - July
    • Bailout

  • 1960s / 1970s / 1980s

1980s

<ACLI> Re: Policy Loan Developments of 15 Life Insurance Companies

  • The purpose of the meeting was to discuss concerns about the liquidity conditions and the possibilities of future adverse developments.
  • The company people wanted to be sure that Mr. Volcker  <Chairman of the Federal Reserve> was fully aware of the potentials of the situation and to arrange a liaison between his staff and the staff of the Council and this aim was accomplished.
  • In the meantime, we have begun to explore the means by which the resources of the business might be applied to alleviate any temporary extreme liquidity problems that might arise for a particular member company.

1980-2, NAIC Proceedings

1960s / 1970s / 1980s

MR. BELTH: Before you sit down, John, let me ask you a question.

  • Rumor has it that there were some extensive discussions between highly placed life insurance officials and officials of the Federal Reserve in April, 1980.
  • Would you care to discuss exactly what the nature of those conversations was?

MR. BOOTH <ACLI>: I was not present.

  • There were some discussions; as you know, in the Spring there was a policy loan crunch.
  • There have been discussions held periodically as far back as 15 to 20 years.  <1960's / 1970s>

1981 - The Life Insurance Business---The View of Consumerists (rsa81v7n17), Society of Actuaries - Daphne Bartlett- Moderator - 16p