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HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY

HOUSE OF REPRESENTATIVES

EIGHTY-FOURTH CONGRESS

SECOND SESSION

ON

H. R. 10157

77603

MAY 7, 8, 9, 10, 11, 14, 16, 17, 18, 21, 22, 24, AND 25, 1956

Printed for the use of the Committee on Banking and Currency

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1956

89 379ST XL1

09/92 53-005-00

421

COMMITTEE ON BANKING AND CURRENCY

BRENT SPENCE, Kentucky, Chairman

PAUL BROWN, Georgia
WRIGHT PATMAN, Texas
ALBERT RAINS, Alabama
ABRAHAM J. MULTER, New Jersey
HUGH J. ADDONIZIO, New Jersey
WILLIAM A. BARRETT, Pennsylvania
BARRATT O'HARA, Illinois
LEONOR K. SULLIVAN, Missouri
L. H. FOUNTAIN, North Carolina
HENRY S. REUSS, Wisconsin

MARTHA W. GRIFFITHS, Michigan
THOMAS L. ASHLEY, Ohio
CHARLES A. VANIK, Ohio
JOHN J. BELL, Texas

ELMER J. HOLLAND, Pennsylvania
JAMES C. HEALEY, New York

JESSE P. WOLCOTT, Michigan
RALPH A. GAMBLE, New York
HENRY O. TALLE, Iowa
CLARENCE E. KILBURN, New York
GORDON L. MCDONOUGH, California
WILLIAM B. WINDALL, New Jersey
JACKSON E. BETTS, Ohio

WALTER M. MUMMA, Pennsylvania
WILLIAM E. MCVEY, Illinois
EDGAR W. HIESTAND, California
DONALD W. NICHOLSON, Massachusetts
OLIVER P. BOLTON, Ohio

PERKINS BASS, New Hampshire

ROBERT L. CARDON, Clerk
ORMAN S. FINK, Professional Staff
JOHN E. BARRIERE, Professional Staff

LI

CONTENTS

American Association of Land-Grant Colleges and State Universities.

Anderson, Dr. Hurst R., president, American University..

Andrus, Cowles, representing the American Bankers Association__.

Arrington, John H., Chief, Family Housing Division, Office of the

Assistant Secretary of Defense for Properties and Installations;

accompanied by Andrew Mayer

Bartlett, Hon. E. L., a Delegate in Congress from the Territory of
Alaska..

Bates, John W., Jr., and Robert E. Scott, representing the National
Association of Real Estate Boards; accompanied by John C.
Williamson, counsel.__.

Baughman, J. Stanley, president, Federal National Mortgage Asso-
ciation

Bennett, Hon. Charles E., a Representative in Congress from the

State of Florida_

614

339

77

Berry, J. Raymond, general counsel, National Board of Fire Under-
writers

388

Broyhill, Hon. Joel T., a Representative in Congress from the State of
Virginia__

625

Colburn, Fern M., representing the National Federation of Settle-
ment and Neighborhood Centers..

649

Hollander, Edward D., national director, Americans for Democratic
Action__

379

Houser, Jency Price, in behalf of housing for single persons of all ages.
Investment Bankers Association of America, regarding college housing
program___

650

637

Statement of-Continued

Kile, Elton, president, National Associated Businessmen.
Klein, Hon. Arthur G., a Representative in Congress from the State
of New York..

Page

644

626

Latham, Hon. Henry J., a Representative in Congress from the State
of New York..
LeMay, Gen. Curtis E., commander in chief, Strategic Air Command.
Levenson, Frances, executive director, the National Committee
Against Discrimination in Housing..

Mason, Norman P., Commissioner, Federal Housing Administration_

Mead, Hon. Donald H., mayor, Syracuse, N. Y., representing the

American Municipal Association...

Meister, Karl P., accompanied by Dr. Herman Wilson, representing

the National Committee on Aging of the National Social Welfare

Assembly..

Mitchell, Clarence, representing the National Association for the
Advancement of Colored People....

603

581

510

523

Morrison, Fred B., national executive secretary, Voluntary Home
Mortgage Credit Program_.___

147

Olson, Clarence H., representing the American Legion, accompanied
by C. W. Stevens and Clarence W. Bird...

243

Patton, Ira M., manager, Dinkler-Tutwiler Hotel, Birmingham, Ala.,
representing the American Hotel Association___

432

Patton, James G., president, National Farmers Union..

475

Robbins, Ira S., chairman of the board, National Housing Conference,
Inc., accompanied by Edward F. Barry, president...

Rogers, Hon. Paul G., a Representative in Congress from the State of

Florida....

219

Rouse, James W., accompanied by Sam Neal, representing the Mort-
gage Bankers Association of America..

566

Seely-Brown, Hon. Horace, Jr., a Representative in Congress from

the State of Connecticut_

Severin, Nels G., representing National Association of Home Builders.
Shiskin, Boris, secretary, Housing Committee, AFL-CIO; accompanied
by John Edelman.......

Simmons, A. R., president, First Federal Savings and Loan Associ-
ation, Jasper, Ala...

Sipprell, Robert D., president, National Association of Housing and
Redevelopment Officials; accompanied by Lawrence M. Cox.......

Slusser, Charles E., Commissioner, Public Housing Administration_.

Stelling, John H., Sr., president, Stelling Village, Inc., Tampa, Fla..

Teague, Hon. Olin E., a Representative in Congress from the State

of Texas..

United States Savings and Loan League..

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Vieser, Milford A., accompanied by Norman Carpenter and Ehney
A. Camp, Jr., representing the American Life Convention and the
Life Insurance Association of America..

450

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Fernandez, Hon. Antonio M.:

Letter of May 8, 1956, from Charles H. Carder, Albuquerque,
N. Mex.

648

Gas Appliance Manufacturers Association and National Electrical
Manufacturers Association, telegram of May 16, 1956.............

654

Holtzman, Hon. Lester:

Letter of May 21, 1956, from Leigh M. Medine, chairman, Con-
ference of Presidents.-

601

33

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Judd, Hon. Walter:

Marquette National Bank of Minneapolis, letter of April 27,

1956_-

643

LeMay, Gen. Curtis E.:

Letter of May 25, 1956: Occupancy at Tampa Bay Gardens,
MacDill Air Force Base, Tampa, Fla...

597

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