COMMITTEE ON BANKING AND CURRENCY

U.S. Congress HOUSE OF REPRESENTATIVES

A

SIXTY-EIGHTH CONGRESS

FIRST SESSION

ON

H. R. 6855

A BILL TO AMEND AN ACT ENTITLED "AN ACT TO PROVIDE

FOR THE CONSOLIDATION OF NATIONAL BANKING ASSOCIA-

TIONS," APPROVED NOVEMBER 7, 1918; TO AMEND SECTION

5136 AS AMENDED, SECTION 5137, SECTION 5138 AS AMENDED,

SECTION 5142, SECTION 5150, SECTION 5155, SECTION 5190, SEC-

TION 5200 AS AMENDED, SECTION 5202 AS AMENDED, SECTION

5208 AS AMENDED, SECTION 5211 AS AMENDED, OF THE REVISED

STATUTES OF THE UNITED STATES; AND TO AMEND SECTION

9, SECTION 13, SECTION 22, AND SECTION 24 OF THE FEDERAL

RESERVE ACT, AND FOR OTHER PURPOSES

HG 2557
.A5

1924-

CONTENTS

Statements of-

Hon. Henry M. Dawes, Comptroller of the Currency-

Mr. E. H. Kruse, assistant legislative representative, Brotherhood of

Locomotive Engineers, Washington, D. C-----

Mr. Arthur J. Lovell, vice president and national legislative repre-

sentative, Brotherhood of Locomotive Firemen and Enginemen,

Washington, D. C.......

Mr. Francis M. Savage, president Northwest Savings Bank, Wash-
ington, D. (..

Mr. James M. Oliver, attorney for the California State Department
of Banking. San Francisco, Calif

Mr. Edward Elliott, vice president Security Trust & Savings Bank,

Los Angeles, Calif.

Mr. John S. Drum, president Mercantile Trust Co., San Francisco,

Calif

Hon. T. Frank Appleby, former Member of Congress from New

Jersey.

Page

7

47

48

48, 128

53, 131

54

76, 104

94

Mr. J. J. Bach, Public National Bank of New York, New York,

N. Y.

96

Hon. J. G. Johnston, superintendent of banks of the State of Califor-

nia, San Francisco, Calif

124

Mr. J. S. Macdonnell, president First National Bank and president

First Trust & Savings Bank, Pasadena, Calif...

158

Mr. W. F. Morrish, president First National Bank and president of

The Berkeley Bank, Berkeley, Calif.

174

Mr. Howard Whipple, president First National Bank and president

Commercial Bank, Turlock, Calif.

183

Miscellaneous indorsements of bill

Hon. Edmund Platt, vice governor Federal Reserve Board_

Hon. D. R. Crissinger, governor Federal Reserve Board...

205

231

Hon. Edward H. Cunningham, member Federal Reserve Board

243

245

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