MANAGEMENT OF INSURED BANKS

•U.S. Corgi 200. House.

HEARING

BEFORE THE

4 - AUG ? 7
Copy

1964

COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES

EIGHTY-EIGHTH CONGRESS

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

RVS 21569

HEARINGS PRINTS AND REPORTS

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—

Page

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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: recent bank failures

11

13

26

34

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43

6

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

Phillip S. Hughes, dated August 10, 1964.

9

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 -

56

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

dated August 12, 1964.

56

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---.

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III

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