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HEARINGS

BEFORE A

SUBCOMMITTEE OF THE

COMMITTEE ON BANKING AND CURRENCY UNITED STATES SENATE

EIGHTY-FOURTH CONGRESS

FIRST SESSION

ON

S. 880, S. 2350, and H. R. 6227

BILLS TO PROVIDE FOR THE CONTROL AND REGULATION
OF BANK HOLDING COMPANIES AND REQUIRE DIVEST-
MENT OF THEIR NONBANKING INTERESTS

JULY 5, 6, 7, 11, 12, AND 14, 1955

Printed for the use of the Committee on Banking and Currency

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CONTENTS

Page

1

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458

Brower, Horace, president, Occidental Life Insurance Co. of California_
Brumder, William G., president, Wisconsin Bankshares Corp., Mil-
waukee, Wis

Bryan, W. J., Independent Bankers Association of America.

Cook, H. E., chairman, accompanied by Royal Coburn, general
counsel, Federal Deposit Insurance Corporation__

Field, Walter, H., president, First National Bank, Sunnyvale, Calif
Gidney, Ray M., Comptroller of the Currency, accompanied by L. A.
Jennings, Deputy Comptroller_

Harding, Harry J., president, Independent Bankers Association,
12th Federal Reserve District..

Heath, Albert H., director, National Bank of Washington, Tacoma,
Wash..

Hitt, F. Guy, president, Bank of Benton, Ill., representing General
Contract Corp., accompanied by Robert O. McNearney, counsel. -
Holland, Spessard L., a United States Senator from the State of
Florida___

Huntington, Ellery C., Jr., president, Morris Plan Corp. of America_
Jenkins, Ellwood O., president, First Bank Stock Corp., Minneapolis,
Minn...

Lanphar, Melvin F., president, Melvin F. Lanphar & Co., and
Lanphar Agency, Inc., Detroit, Mich.

Levinson, Benjamin, president, Michigan Mortgage Corp., Detroit,
Mich

McBeath, Joe H., director, Bank of Nevada, Henderson, Nev-
McCready, Lynn S., vice president and director, First National Bank
of Portland, and manager, main branch, Eugene, Oreg..
Martin, William McCheney, Jr., chairman, accompanied by J. L.
Robertson, member, board of governors, Federal Reserve System__

Morris, Arthur J., chairman of the board, Morris Plan Corp. of

America..

147

Oliver, Fred, National Association of Mutual Savings Banks-
O'Malley, E. J., member of the board, First National Bank of Arizona,
Phoenix, Ariz_

218

438.

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