AND SUPERVISORY FUNCTIONS HEARINGS BEFORE THE SUBCOMMITTEE ON BANK SUPERVISION OF THE COMMITTEE ON BANKING AND CURRENCY AND THE COMMITTEE ON BANKING AND CURRENCY EIGHTY-NINTH CONGRESS FIRST SESSION ON H.R. 107 A BILL TO ESTABLISH A FEDERAL BANKING COMMISSION AND H.R. 6885 A BILL TO VEST IN THE SECRETARY OF THE TREASURY 47-444 APRIL 12, 14, 28, 29, 30; JUNE 29 AND 30, 1965 Printed for the use of the U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1965 For sale by the Superintendent of Documents, U.S. Government Printing Office COMMITTEE ON BANKING AND CURRENCY WRIGHT PATMAN, Texas, Chairman ABRAHAM J. MULTER, New York WILLIAM A. BARRETT, Pennsylvania LEONOR K. SULLIVAN, Missouri HENRY S. REUSS, Wisconsin WILLIAM S. MOORHEAD, Pennsylvania BERNARD F. GRABOWSKI, Connecticut THOMAS C. MCGRATH, JR., New Jersey JOHN R. HANSEN, Iowa WILLIAM B. WIDNALL, New Jersey ALBERT W. JOHNSON, Pennsylvania FRANK ANNUNZIO, Illinois PAUL NELSON, Clerk and Staff Director SUBCOMMITTEE ON BANK SUPERVISION AND INSURANCE ABRAHAM J. MULTER, New York, Chairman WILLIAM S. MOORHEAD, Pennsylvania FERNAND J. ST GERMAIN, Rhode Island JOSEPH G. MINISH, New Jersey CHARLES L. WELTNER, Georgia BERNARD F. GRABOWSKI, Connecticut THOMAS C. MCGRATH, JR., New Jersey JOHN R. HANSEN, Iowa II W. E. (BILL) BROCK, Tennessee DEL CLAWSON, California ALBERT W. JOHNSON, Pennsylvania H CONTENTS H.R. 107. A bill to establish a Federal Banking Commission to administer all Federal laws relating to the examination and supervision of banks__ H.R. 6885. A bill to vest in the Secretary of the Treasury all functions relating to the examination and supervision of federally insured banks.. 152, 158 Brumbaugh, D. Emmert, chairman, legislative committee, Inde- pendent Bankers Association of America; accompanied by Herschel Schooley, Washington representative, and Ralph Zaun, president, Cullom, F. Shelby, chairman of the legislative committee, National Association of Supervisors of State Banks; accompanied by Hollis Burt, executive director, and James Bell, general counsel Davis, Archie K., chairman of the board, Wachovia Bank & Trust Co. Patman, Hon. Wright, chairman, Committee on Banking and Cur- Randall, Hon. K. A., Chairman, Federal Deposit Insurance Corpora- tion; accompanied by Raymond E. Hengren, Chief, Division of Research and Statistics, Federal Deposit Insurance Corporation, and William M. Moroney, General Counsel, Federal Deposit Robertson, Hon. J. L., member of the Board of Governors of the Saxon, Hon. James J., Comptroller of the Currency.... Additional information submitted to the subcommittee by- List of disputes between the Comptroller of the Currency and/or 181 115 Speech entitled "The Tangled Web of Bank Supervision". 78 Supervisory responsibilities of State banking departments (table) - Moorhead, Hon. William S.: Multer, Hon. Abraham J.: H.R. 7133. A bill to amend the Federal Reserve Act, the Federal Letter from D. Emmert Brumbaugh, chairman, legislative com- Letter from Hollis W. Burt, executive vice president, NASSB, 54 203 179 |