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A BILL TO PROVIDE FOR NOTICE OF CHANGE IN CONTROL
OF MANAGEMENT OF INSURED BANKS, AND FOR

OTHER PURPOSES

AND

H.R. 12268

A BILL TO PROVIDE FOR NOTICE OF CHANGE IN CONTROL
OF MANAGEMENT OF INSURED BANKS, AND FOR

OTHER PURPOSES

AUGUST 12, 1964

Printed for the use of the
Committee on Banking and Currency

nil.bruss

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1964

36 772

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COMMITTEE ON BANKING AND CURRENCY

WRIGHT PATMAN, Texas, Chairman ALBERT RAINS, Alabama

CLARENCE E. KILBURN, New York ABRAHAM J. MULTER, New York

WILLIAM B. WIDNALL, New Jersey WILLIAM A. BARRETT, Pennsylvania EUGENE SILER, Kentucky LEONOR K. SULLIVAN, Missouri

PAUL A, FINO, New York HENRY S. REUSS, Wisconsin

FLORENCE P. DWYER, New Jersey THOMAS L. ASHLEY, Ohio

SEYMOUR HALPERN, New York CHARLES A. VANIK, Ohio

JAMES HARVEY, Michigan WILLIAM S. MOORIIEAD, Pennsylvania OLIVER P. BOLTON, Ohio ROBERT G. STEPHENS, JR., Georgia

W. E. (BILL) BROCK, Tennessee FERNAND J. ST GERMAIN, Rhode Island ROBERT TAFT, JR., Ohio HENRY B. GONZALEZ, Texas

JOSEPH M. McDADE, Pennyslvania CLAUDE PEPPER, Florida

SHERMAN P. LLOYD, Utah JOSEPH (1. MINISI, New Jersey

BURT L. TALCOTT, California
CHARLES L. WELTNER, Georgia

DEL CLAWSON, California
RICHARD T. HANNA, California
BERNARD F. GRABOWSKI, Connecticut
CHARLES H, WILSON, California
COMPTON I. WHITE, Jr., Idaho

JOIN R. STARK, Clerk and Staff Director
JOHN E. BARRIERE, Professional Stuff Member

ALVIN LEE MORSE, Counsel
ORMAN S. FINK, Minority Staff Member

II

HEARINGS, PRINTS AND REPORTS

RVS 21 569

CONTENTS

H.R. 12267. A bill to provide for notice of change in control of manage-

ment of insured banks, and for other purposes -

H.R. 12268. A bill to provide for notice of change in control of manage-

ment of insured banks, and for other purposes -

Statement of-

Barr, Hon. Joseph W., Chairman, Board of Directors of the Federal

Deposit Insurance Corporation -

Saxon, Hon. James J., Comptroller of the Currency, presented by

William B. Camp, First Deputy Comptroller of the Currency;

accompanied by Robert Bloom, and A. V. Abramson.

Additional information submitted to the committee by-

Comptroller of the Currency:

Comparison of FDIC recoveries on receiverships to the estimated

loss to other general creditors

The role of deposit insurance in bank regulation

Federal statute relating to mutilation of coins and currency.

Section 12.1.-Ownership reports of capital stock and bank

examinations, reports..

Camp, William B., letter to Hon. Wright Patman, dated August

12, 1964, with enclosure of Joseph W. Barr, dated March 12,

1964.

Federal Deposit Insurance Corporation:

Appendix A-Case histories: receut bank failur.s.

Executive Office of the President, Bureau of the Budget, letter of

Phillip S. Hughes, dated August 10, 1964..

The Secretary of the Treasury, letter of Douglas Dillon, dated

August 11, 1964.

Letter to Hon. Henry S. Reuss, dated August 13, 1964

Letter to Hon. Charles A. Vanik, dated August 14, 1964.

Patman, Hon. Wright:

The Independent Bankers Association, letter of L. M. Stenehjem,

dated August 10, 1964.

The American Bankers Association, letter, Charles R. McNeil,

dated August 12, 1964.

National Association of Supervisors of State Banks, letter of

Randolph Hughes, dated August 10, 1964.-

Reuss, Hon. Henry S.:

Barr, Joseph W., letter dated August 17, 1964...

43

UI

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