Imágenes de páginas
PDF
EPUB
[blocks in formation]

MR. SERINO Will you swear the witness, please?
Whereupon,

10

12

13

14

15

16

17

ROBERT J. MCKEAN, JR.

was called as a witness and, having been first duly sworn by the notary public, was examined and testified as follows:

EXAMINATION ON BEHALF OF COMPTROLLER OF THE CURRENCY

BY MR. SERINO:

Mr. McKean, this is an administrative inquiry being conducted by the Office of the Comptroller of the Currency

into transactions affecting national banks;

transaction

occurred relating to a national bank concerning a loan made by

the Manufacturers Hanover Trust Company to Mr. Lance in June

18

[blocks in formation]
[merged small][ocr errors][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small]

A

Do you have any recollection of that transaction? `

No, I don't have any recollection of the transaction. QI have given you a document, dated May 13, 1975, pret

pared by a Mr. Brougham.

A

In the last paragraph of that letter, it indicates

that the entire transaction had been discussed fully with

1

5

10

Woodruff, Jenkins, Balamut, McKean and Magee.

You, Mr. McKean, are referred to in that paragraph?

Yes

Having reviewed that document, do you have any recolt

lection of the transaction at this time?

Yes.

Having reviewed it, it has refreshed my recollection

about one specific either telephone conversation or conference that I had with Mr. Woodruff. I am relatively sure there was

[ocr errors]

nobody else if it were a conference, I am pretty sure there was nobody else in the room, just the two of us. It had to do 12 with the following question- no names were mentioned, he

[blocks in formation]

indicated that the bank was contemplating a loan to some persons
for the purpose of purchasing the stock of a bank in Georgia.
He said that one of the proposed purchasers was a
large contractor-in Georgia. I think he said the Atlanta area

a man of considerable repute and generally well thought of, and
a good man in his field.

He said the problem is that his brother is, I think,

on the Board, or head of the Federal Reserve Bank of Atlanta,

and does that give you any problem?

My response was, no, assuming that your loan to the bank is properly collateralized, that you are using your normal credit evaluations, and that you are lending the way`you would

to anybody else, the fact that he is related to that particular.

5

2

5

10

individual does not give me any trouble.

That was the sum total of the conversation and the

last time I had ever heard about it until I read this memoran

dum.

Mr. Lance's name was never mentioned and, as a matter of fact, individual contractor's name or his brother's name or the bank in Georgia were never mentioned.

Q Did you have any knowledge at that time of any terms of the particular loan?

A None, except that it probably would be secured by the stock of the bank, being at least in part by the stock of the bank being purchased but, otherwise, no terms.

12

13

Q

Could you, Mr. McKean, check your documents to see

14

if you have any documents concerning this particular transaction

15

and if you have, would you make them available to us?

[blocks in formation]

22

All right.

Thank you very much, Mr. McKean.

(Whereupon, at 11:00 a.m.,. the taking of the deposi

[blocks in formation]

I, Joseph Rogers, the officer before whom the foregoing deposition was taken, do hereby certify that the witness whose testimony appears in the foregoing deposition was duly sworn by me; that the testimony of said witness was taken by me stenographically and thereafter reduced to typewriting under my direction; that said deposition is a true record of the testimony given by said witness; that I am neither counsel for, related to, nor employed by any of the parties to the action in which this deposition was taken; and, further, that I am not a relative or employee of any attorney or counsel employed by the parties hereto, nor financially or otherwise interested in the outcome of the action.

Joseph Rogers

Notary Public in and for
the State of New York

My term expires March 30, 1979.

DEPOSITION OF BETSY JO VIENER, VICE PRESIDENT, MANUFACTURERS HANOVER TRUST CO.

[blocks in formation]
« AnteriorContinuar »