COMMITTEE ON BANKING AND CURRENCY JOHN SPARKMAN, Alabama, Chairman WILLIAM PROXMIRE, Wisconsin HARRISON A. WILLIAMS, JR., New Jersey JOHN G. TOWER, Texas EDMUND S. MUSKIE, Maine THOMAS J. MCINTYRE, New Hampshire WALLACE F. BENNETT, Utah EDWARD W. BROOKE, Massachusetts CHARLES H. PERCY, Illinois WALTER F. MONDALE, Minnesota ALAN CRANSTON, California DUDLEY L. O'NEAL, Jr., Staff Director and General Counsel SUBCOMMITTEE ON FINANCIAL INSTITUTIONS WILLIAM PROXMIRE, Wisconsin, Chairman HARRISON A. WILLIAMS, JR., New Jersey EDWARD W. BROOKE, Massachusetts JOHN SPARKMAN, Alabama EDMUND S. MUSKIE, Maine THOMAS J. MCINTYRE, New Hampshire WALLACE F. BENNETT, Utah CHARLES H. PERCY, Illinois CHARLES E. GOODELL, New York KENNETH A. MCLEAN, Professional Staff Member (II) CONTENTS Page James M. Hanley, Representative in Congress from the State of New Andrew Brimmer, Board of Governors of the Federal Reserve System__ Paul Rand Dixon, Chairman, Federal Trade Commission; accompanied by Victor Buffington, General Counsel; William D. Dixon, Chief, Division of Trade Regulation Rules.. Royal E. Jackson, Chief of the Bankruptcy Division, Administrative Robert L. Meade, Director, Legislative Affairs, President's Committee on Consumer Interests; accompanied by Mrs. Betty Bay, Associate Thomas L. Bailey, vice president, Marine Midland Bank, Buffalo, N. Y.. James E. Brown, senior vice president, Mercantile Trust Co.; St. Louis, Edward J. McNeal, American Retail Federation; accompanied by Eugene A. Keeney, president; and James M. Goldberg, vice president, government affairs division__. Jerome R. Gulan, legislative director, National Federation of Independent ALPHABETICAL LIST OF WITNESSES Bailey, Thomas L., vice president, Marine Midland Bank, Buffalo, N. Y Bay, Mrs. Betty, Associate Director for Lesgilative Affairs, President's Committee on Consumer Interests__ Brimmer, Andrew, Board of Governors of the Federal Reserve System. Brown, James E., senior vice president, Mercantile Trust Co., St. Louis, Goldberg, James M., vice president, government affairs division, American 123 Buffington, Victor, General Counsel, Federal Trade Commission. Page Helm, Marie C. Hanley, James M., Representative in Congress from the State of New Jackson, Royal E., Chief of the Bankruptcy Division, Administrative Keeney, Eugene A., president, American Retail Federation. 123 123 Meade, Robert L., Director, Legislative Affairs, President's Committee on Consumer Interests__ Wenzel, Robert A. Willier, Prof. William F., National Consumer Law Center, Boston College MISCELLANEOUS STATEMENTS AND DATA Administrative Office of the United States Courts: 46 Jackson, Royal E., Chief, Division of Bankruptcy, prepared state ment__ 43 A. J. Wood Research Corp., statement of Robert D. Breth, senior vice president 180 American Bank & Trust Co., letter to subcommittee, from Terry C. 144 American Bankers Association: Bailey, Thomas L., prepared statement_. 103 Proposed clarifying amendments_. 107 Summary of position_paper_ 107 American Federation of Labor and Congress of Industrial Organizations, letter to subcommittee, from Andrew J. Biemiller, director, department of legislation Atlantic Reporter, reprints from__ Bagwell, Charles M., statement submitted to the committee. !! Bank Americard, reprint of information received by Senator Proxmire.. Boggs, J. Caleb, U.S. Senator from the State of Delaware, letter to subcommittee.. Consumer Federation of America, statement of Erma Angevine, executive director. Cull, Allen W., letter to committee_. 144 123 183 184 188 190 191 200 203 208 212 213 220 222 223 227 230 233 236 51, 241 85 146 68 143 145 146 |