COMMITTEE ON BANKING AND CURRENCY.

UNITED STATES SENATE

EIGHTY-SEVENTH CONGRESS

SECOND SESSION

ON

H.R. 7796

TO AMEND CERTAIN LENDING LIMITATIONS ON REAL ESTATE
AND CONSTRUCTION LOANS APPLICABLE TO NATIONAL BANKS

H.R. 8874

TO AUTHORIZE CERTAIN BANKS TO INVEST IN CORPORATIONS
WHOSE PURPOSE IS TO PROVIDE CLERICAL SERVICES FOR
THEM

H.R. 12577

TO PLACE AUTHORITY OVER THE TRUST POWERS OF
NATIONAL BANKS IN THE COMPTROLLER OF THE CURRENCY
H.R. 12899

TO AMEND SECTION 5155 OF THE REVISED STATUTES RELAT-
ING TO BANK BRANCHES WHICH MAY BE RETAINED UPON
CONVERSION OR CONSOLIDATION OR MERGER

N. V. S.

CONGRESSIONAL

HEARINGS PRINTS AND REPORT'S

CONTENTS

H.R. 7796.

H.R. 8874.

H.R. 12577.

H.R. 12899_

Statement of-

Browne, Rollin, Satterlee, Browne & Dickerson, New York, N.Y..

Cocke, Erle, Sr., Chairman; accompanied by Jesse P. Wolcott, Direc-

tor, and John Lord, General Counsel, Federal Deposit Insurance

Corporation..

Jones, John E., accompanied by Fred W. Dilsner, director of product
planning, Cummins-Chicago Corp-

Jones, Paul, Glenview State Bank, Glenview, Ill
Kaufman, Martin J.; accompanied by Stanley H. Stearman, counsel,
National Society of Public Accountants__

McNeill, Charles R., director, Washington office; accompanied by
Cowles Andrus, Roger J. Larson, and Frank A. Gunther, Ameri-
can Bankers Association_.

Myers, Robert L., Jr., president; accompanied by James F. Bell,
counsel; and Hollis Burt, executive vice president, National Associ-
ation of Supervisors of State Banks-

Saxon, James J., Comptroller of the Currency; accompanied by Rob-

ert Bloom, chief counsel; and Dean Miller, counsel..

Solomon, Frederic, Director, Division of Examinations, Federal Re-

serve Board; accompanied by Jerome W. Shay, Assistant General

Counsel

Letters, statements, etc., submitted for the record by-

Andrus, Cowles, American Bankers Association: Aggregate real
estate loan limits..

Association of Registered Bank Holding Companies; Letter on

H.R. 8874.

Browne, Rollin, New York, N.Y.: Statement.

Chase Manhattan Bank, New York: Letter on H.R. 8874_

Connecticut Bankers Association: Letter on H.R. 8874_..

Federal Deposit Insurance Corporation:

Report on H.R. 7796_

Report on H.R. 8874.

Federal Home Loan Bank Board: Report on H.R. 7796.

Federal Reserve:

Report on H.R. 7796.

Report on H.R. 8874.

Report on H.R. 12577_

Report on H.R. 12899-

Statement of Mr. Solomon_.

Memo on relationship between H.R. 8874 and "MICR".

Regulation F.

Fisher, Samuel H., Jr., president, Data Processing Systems, Inc.,

Rochester, N.Y.: Telegram on H.R. 8874--

109

Gunther, Frank A., American Bankers Association: Statement..

Hansen, Horace R., St. Paul, Minn.: Statement on H.R. 8874_

Independent Bankers Association: Telegram on H.R. 8874..

Iowa Bankers Association: Letter on H.R. 8874, and bill..

Jones, John E., Cummins-Chicago Corp.: Statement...

Jones, Paul, Glenview State Bank, Glenview, Ill.: Statement_-_-

Kaufman, Martin J., National Society of Public Accountants: State-

ment__

80

Larson, Roger J., American Bankers Association: Statement__

74