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TO PROVIDE FOR THE REGULATION OF THE ISSUANCE
AND SALE OF DEBT OBLIGATIONS BY BANK HOLDING
COMPANIES AND THEIR SUBSIDIARIES

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A BILL TO AMEND THE BANK HOLDING COMPANY ACT OF 1956
TO PROVIDE FOR THE REGULATION OF THE ISSUANCE AND
SALE OF DEBT OBLIGATIONS BY BANK HOLDING COMPANIES
AND THEIR SUBSIDIARIES

36-684 O

JULY 15, 1974

Printed for the use of the
Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1974

COMMITTEE ON BANKING AND CURRENCY

WRIGHT PATMAN, Texas, Chairman

WILLIAM A. BARRETT, Pennsylvania LEONOR K. (MRS. JOHN B.) SULLIVAN,

Missouri

HENRY S. REUSS, Wisconsin

THOMAS L. ASHLEY, Ohio

WILLIAM S. MOORHEAD, Pennsylvania
ROBERT C. STEPHENS, JR., Georgia
FERNAND J. ST GERMAIN, Rhode Island
HENRY B. GONZALEZ, Texas
JOSEPH G. MINISH, New Jersey
RICHARD T. HANNA, California
TOM S. GETTYS, South Carolina
FRANK ANNUNZIO, Illinois
THOMAS M. REES, California
JAMES M. HANLEY, New York
FRANK J. BRASCO, New York
EDWARD I. KOCH, New York
WILLIAM R. COTTER, Connecticut
PARREN J. MITCHELL, Maryland

WALTER E. FAUNTROY,

District of Columbia

ANDREW YOUNG, Georgia

JOHN JOSEPH MOAKLEY, Massachusetts FORTNEY H. (PETE) STARK, JR.,

California

LINDY (MRS. HALE) BOGGS, Louisiana

WILLIAM B. WIDNALL, New Jersey
ALBERT W. JOHNSON, Pennsylvania
J. WILLIAM STANTON, Ohio
BEN B. BLACKBURN, Georgia
GARRY BROWN, Michigan

LAWRENCE G. WILLIAMS, Pennsylvania
CHALMERS P. WYLIE, Ohio

MARGARET M. HECKLER, Massachusetts PHILIP M. CRANE, Illinois

JOHN H. ROUSSELOT, California

STEWART B. MCKINNEY, Connecticut
BILL FRENZEL, Minnesota
ANGELO D. RONCALLO, New York
JOHN B. CONLAN, Arizona

CLAIR W. BURGENER, California
MATTHEW J. RINALDO, New Jersey

PAUL NELSON, Clerk and Staff Director
CURTIS A. PRINS, Chief Investigator
BENET D. GELLMAN, Counsel

JOSEPH C. LEWIS, Professional Staff Member
DAVIS COUCH, Counsel

ORMAN S. FINK, Minority Staff Director

(II)

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Sullivan, Jane, vice chairman of the Committee on Legislation of the

National Savings and Loan League-

Wille, Hon. Frank, Chairman, Federal Deposit Insurance Corporation...

ADDITIONAL INFORMATION SUBMITTED FOR THE RECORD

American Bankers Association, statement presented by Rex J. Morthland,

president

American Federation of Labor and Congress of Industrial Organizations
(AFL-CIO), statement presented by Nathaniel Goldfinger, director,
Department of Research.

Association of Registered Bank Holding Companies, telegram from Donald

L. Rodgers to Hon. William S. Moorhead, opposing H.R. 15869, dated

July 15, 1974__

61

76

36

59

Federal Deposit Insurance Corporation, statement presented by Hon.
Frank Wille, Chairman..

53

Federal Home Loan Bank Board, statement presented by Hon. Thomas R.
Bomar, Chairman_

34

Federal Reserve System, statement presented by Hon. George W. Mitchell,
Vice Chairman of the Board of Governors_.

Independent Bankers Association of America, letter from Embree K.

Easterly, president, dated July 15, 1974, regarding H.R. 15869 and

others-amendments to the Bank Holding Company Act of 1956.

Mitchell, Hon. George W.:

20

Prepared statement.

Response to question of Hon. Ben B. Blackburn..

Morthland, Rex J., response to a question of Hon. Edward I. Koch--
National Association of Home Builders, statement presented by Nathaniel
H. Rogg, executive vice president_ _ _

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(III)

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