COMMITTEE ON BANKING AND CURRENCY WRIGHT PATMAN, Texas, Chairman WILLIAM A. BARRETT, Pennsylvania LEONOR K. (MRS. JOHN B.) SULLIVAN, Missouri HENRY S. REUSS, Wisconsin WILLIAM S. MOORHEAD, Pennsylvania 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 LAWRENCE G. WILLIAMS, Pennsylvania MARGARET M. HECKLER, Massachusetts PHILIP M. CRANE, Illinois JOHN H. ROUSSELOT, California STEWART B. MCKINNEY, Connecticut CLAIR W. BURGENER, California PAUL NELSON, Clerk and Staff Director JOSEPH C. LEWIS, Professional Staff Member ORMAN S. FINK, Minority Staff Director (II) CONTENTS Page Bomar, Hon. Thomas R., Chairman, Federal Home Loan Bank Board__ Crawford, Morris D., chairman, The Bowery Savings Bank, New York Goldfinger, Nathaniel, director, Department of Research, American Federation of Labor and Congress of Industrial Organization (AFL- Mitchell, Hon. George W., Vice Chairman of the Board of Governors of the Morthland, Rex J., chairman, The Peoples Bank & Trust Co., Selma, Ala., and president, American Bankers Association__. Rogg, Nathaniel H., executive vice president, National Association of Home Builders; accompanied by Carl A. S. Coan, Jr., legislative coun- Schmults, Hon. Edward C., Under Secretary of the Treasury; accompanied by Edward M. Roob, Special Assistant to the Secretary (Debt Manage- Scott, Tom B., Jr., legislative chairman, U.S. League of Savings Associa- 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, American Federation of Labor and Congress of Industrial Organizations Association of Registered Bank Holding Companies, telegram from Donald L. Rodgers to Hon. William S. Moorhead, opposing H.R. 15869, dated Federal Deposit Insurance Corporation, statement presented by Hon. 53 Federal Home Loan Bank Board, statement presented by Hon. Thomas R. 34 Federal Reserve System, statement presented by Hon. George W. Mitchell, 20 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.: Prepared statement. - 20 Response to question of Hon. Ben B. Blackburn_. Morthland, Rex J., response to a question of Hon. Edward I. Koch-- 43 96 79 (III) National Association of Mutual Savings Banks, statement presented by Correspondence with various agencies and individuals regarding the proposed issue of floating interest rate notes by Citicorp, the parent holding company of the First National City Bank of New York. Press release dated June 28, 1974, urging President Nixon to utilize Rogg, Nathaniel H., prepared statement with an attached copy of "Eco- Response to question of Hon. Lawrence G. Williams Summary of the Financial Institutions Act of 1973.. Treasury Department, statement presented by Hon. Edward C. Schmults, U.S. League of Savings Associations, statement presented by Tom B. Scott, |