Credit associations' problem loans larger than estimated.TOKYO, Sept. 21 Kyodo Japan's 376 shinkin bank credit associations and 237 credit unions are saddled sad·dle n. 1. a. A leather seat for a rider, secured on an animal's back by a girth. Also called regionally rig. b. Similar tack used for attaching a pack to an animal. c. with combined problem loans of 11,179 billion yen and 2,379 billion yen, respectively, the Financial Services Agency The Financial Services Agency is a Japanese government organization responsible for overseeing banking, securities and exchange, and insurance in order to ensure the stability of the financial system of Japan. The agency reports to the Minister of Financial Services. (FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) ) said Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant . The FSA's estimate for shinkin banks' problem loans is 1,395 billion yen larger than that made by the banks themselves. Its estimate for credit unions' problems loans is 390 billion yen larger than union assessments. It is the first time for the FSA to publish the problem loan figures for shinkin banks and credit unions. The agency conducted inspections on shinkin banks from August 1998 to February this year and on credit unions from July 2000 to March this year. Problems loans held by credit unions account for a hefty heft·y adj. heft·i·er, heft·i·est 1. Of considerable weight; heavy. 2. Rugged and powerful. See Synonyms at heavy. 3. 21.2% of their total loan portfolios, while those held by shinkin banks represent 15.7%. This compares with 12-14% at major city banks and regional banks. |
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