Printed for the use of the Committee on Banking, Finance and Urban Affairs and the Committee on Government Operations HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY S. REUSS, Wisconsin, Chairman THOMAS L. ASHLEY, Ohio WILLIAM S. MOORHEAD, Pennsylvania District of Columbia STEPHEN L. NEAL, North Carolina PAUL E. TSONGAS, Massachusetts NORMAN E. D'AMOURS, New Hampshire HERMAN BADILLO, New York EDWARD W. PATTISON, New York JOHN J. CAVANAUGH, Nebraska BRUCE F. VENTO, Minnesota WES WATKINS, Oklahoma J. WILLIAM STANTON, Ohio COMMITTEE ON GOVERNMENT OPERATIONS JACK BROOKS, Texas, Chairman L. H. FOUNTAIN, North Carolina JOHN CONYERS, JR., Michigan LEO J. RYAN, California RICHARDSON PREYER, North Carolina ELLIOTT H. LEVITAS, Georgia DAVID W. EVANS, Indiana ANTHONY MOFFETT, Connecticut ANDREW MAGUIRE, New Jersey HENRY A. WAXMAN, California JACK HIGHTOWER, Texas JOHN W. JENRETTE, JR., South Carolina MICHAEL T. BLOUIN, Iowa PETER H. KOSTMAYER, Pennsylvania FRANK HORTON, New York PAUL N. MCCLOSKEY, JR., California J. DANFORTH QUAYLE, Indiana WILLIAM M. JONES, General Counsel WILLIAM H. COPENHAVER, Associate Counsel LYNNE HIGGINBOTHAM, Clerk RICHARD L. THOMPSON, Minority Staff Director COMMERCE, CONSUMER, AND MONETARY AFFAIRS SUBCOMMITTEE BENJAMIN S. ROSENTHAL, New York, Chairman CONTENTS Barnett, Robert E., Chairman, Federal Deposit Insurance Corporation Bloom, Robert, Acting Comptroller of the Currency__- Gardner, Stephen S., Vice Chairman, Board of Governors of the Federal Rosenthal, Hon. Benjamin S., a Representative in Congress from the State of New York, and chairman, Commerce, Consumer, and Mone- tary Affairs Subcommittee of the Committee on Government St Germain, Hon. Fernand J., a Representative in Congress from the Staats, Elmer B., Comptroller General of the United States; accom- panied by Fred D. Layton, Director, Task Force on Federal Super- vision of Banks; Donald Pullen, Assistant Director; and Ellsworth H. Morse, Jr., Assistant Comptroller General, Policy and Program Letters, statements, etc., submitted for the record by- Barnett, Robert E., Chairman, Federal Deposit Insurance Corpora- 1 212-279 Rousselot, Hon. John H., a Representative in Congress from the State of California: September 5, 1975, letter to Chairman Henry S. Reuss of the Committee on Banking, Currency and Housing, from Arthur F. Burns, Chairman of the Board of Governors, Federal Reserve Sys- St Germain, Hon. Fernand J., a Representative in Congress from the Staats, Elmer B., Comptroller General of the United States: Correspondence and agreements with the Federal Reserve, Comp- GAO responses to Congressman Rousselot's questions___ 7-8 11-72 118 How State bank examiners compare with Federal examiners_____ 85-86 (v) |