Y4. B22: B22/7

NOTICE OF CHANGE IN CONTROL OF
MANAGEMENT OF INSURED BANKS

COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES

EIGHTY-EIGHTH CONGRESS

SECOND SESSION

ON

H.R. 12267

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

STANFORD

P61-60

UNIVERSITY

SEP 1964

DIVISION

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_-

Page

1

2

4

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:

11

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

13

26

34

38

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.

10

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

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

41

46

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.-

57

Reuss, Hon. Henry S.:

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

58