BANK SUPERVISION, BANK DIRECTORS, AND CONFLICTS OF INTEREST HEARINGS BEFORE THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS NINETY-FIFTH CONGRESS FIRST SESSION ON S. 71 TO STRENGTHEN THE SUPERVISORY AUTHORITY OF TO AMEND THE FEDERAL DEPOSIT INSURANCE ACT AND AND S. 1433 THE DEPOSITORY INSTITUTIONS CONFLICT OF 91-727 O MAY 24 AND 25, 1977 Printed for the use of the Committee on Banking, Housing, and Urban Affairs U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1977 COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS WILLIAM PROXMIRE, Wisconsin, Chairman JOHN SPARKMAN, Alabama HARRISON A. WILLIAMS, JR., New Jersey PAUL S. SARBANES, Maryland EDWARD W. BROOKE, Massachusetts H. JOHN HEINZ III, Pennsylvania KENNETH A. MCLEAN, Staff Director (II) Stephen S. Gardner, Vice Chairman, Federal Reserve Board-- George A. LeMaistre, Director, Federal Deposit Insurance Corporation___ C. Austin Montgomery, Administrator, National Credit Union Ad- Daniel Goldberg, Acting General Counsel, Federal Home Loan Bank Robert Bloom, Acting Comptroller, Comptroller of the Currency- Peter J. Lombardi, president, Annapolis Federal Savings & Loan, Annapolis, Md., representing the U.S. League of Savings Associations___ Edwin B. Brooks, Jr., president, Security Federal Savings & Loan, Rich- mond, Va., representing the U.S. League of Savings Associations_. Andrew J. Shepard, chairman and president, Exchange Bank of Santa Rosa, Calif., representing the American Bankers Association___. Gerald Sinclair, executive vice president, Salem National Bank, Salem, Ill., John E. Krout, president, Germantown Savings Bank, Philadelphia, Pa., representing the National Association of Mutual Savings Banks, accom- |