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COMMITTEE ON BANKING AND CURRENCY
WRIGHT PÅTMAN, Texas, Chairman
ABRAHAM J. MULTER, New York
WILLIAM A. BARRETT, Pennsylvania
LEONOR K. SULLIVAN, Missouri
HENRY S. REUSS, Wisconsin
THOMAS L. ASHLEY, Ohio
WILLIAM S. MOORHEAD, Pennsylvania
BERNARD F. GRABOWSKI, Connecticut
RICHARD L. OTTINGER, New York
THOMAS C. MCGRATH, JR., New Jersey
FRANK ANNUNZIO, Illinois
WILLIAM B. WIDNALL, New Jersey
FLORENCE P. DWYER, New Jersey
ALBERT W. JOHNSON, Pennsylvania
PAUL NELSON, Clerk and Staff Director
H.R. 7539. A bill to assist cities and States by amending section 5136
of the Revised Statutes, as amended, with respect to the authority of
national banks to underwrite and deal in securities issued by State and
local governments, and for other purposes. -
Balderston, Hon. C. Canby, Vice Chairman, Board of Governors of
the Federal Reserve System; accompanied by David B. Hexter,
Assistant General Counsel; and J. Charles Partee, adviser, Division
Condon, Raymond V., vice president, First Wisconsin National Bank
Goldberg, Daniel B., associate counsel to the Port of New York
Hanna, Hon. Richard T., a Representative in Congress from the State
Harkness, Robert B., president, Harkness & Hill, Inc., Boston,
Healy, Patrick, executive director, National League of Cities__.
Laing, Chester W., chairman, Committee for Study of Revenue Bond
Milner, Thomas H., Jr., president and trust officer, National Bank
Morgan, William F., vice president, Investment Bankers Association
Saxon, Hon. James J., Comptroller of the Currency; accompanied by
Radcliffe Park, Deputy Comptroller of the Currency; and Roman
Zaun, Ralph, vice president, Grafton State Bank, Grafton, Wis.;
Additional information submitted to the committee by—
Comments on proposed amendment of Mr. Reuss to H.R. 7539--
Draft amendment to H.R. 7539 prepared by the staff of the Board
Letter to Hon. Wright Patman, concerning request of Mr. Reuss,
Prepared statement of Austin J. Tobin, executive director of
The Case for Commercial Bank Underwriting of Public Revenue
Bonds," by John K. Langum, economic consultant, Chicago,
Additional information submitted to the committee by-Continued
Copy of Bank of America Standard Syndicate Agreement..
Letter to Hon. Wright Patman, dated May 24, 1965.
Letter to Hon. Wright Patman from Charles E. Cooper, dated
Morgan, William F.:
Investment banking firms in the municipal bond business in the
Letter from Edwin G. Michaelian, president, National Asso-
ciation of Counties, Washington, D.Ĉ., dated April 28, 1965.
Letter from F. Shelby Cullom, chairman of the Legislative Com-
mittee, National Association of Supervisors of State Banks,
Washington, D.C., dated April 26, 1965..
Letter to National Association of Counties Board of Directors
from National Association of Counties Ad Hoc Committee on
Underwriting of Revenue Bonds, dated November 22, 1964--
National Association of Securities Dealers, Inc., in opposition
Randall, K. A., Chairman, Federal Deposit Insurance Corpo-
Tax Exempt Bond Financing-A study of comparative interest
"Investment Securities Regulation for National Banks," Regu-
lation No. 1, September 12, 1963.
Letter to Hon. Wright Patman, regarding request of Mr. Reuss,
Reply to question of Mr. Stanton.
Reply to question of Mr. Todd..
Reply to question of Mr. Weltner.
Assembly Joint Resolution No. 34 by California Legislature,
1965 session, relative to municipal revenue bonds..
"Misuse of Public Credit To Aid Private Enterprise or the Case
Against Municipal Industrial Revenue Bonds," by Alan K.
Statement of Alan K. Browne, Bank of America, N.T. & S.A.,