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UNITED STATES SENATE

EIGHTY-EIGHTH CONGRESS

FIRST SESSION

1963

1

Printed for the use of the Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

27-159

WASHINGTON : 1964

COMMITTEE ON BANKING AND CCRRENCY

A. WILLIS ROBERTSON, Virginia, Chairman JOHN SPARKMAN, Alabama

WALLACE F. BENNETT, Vlah PAUL H. DOUGLAS, Illinois

JOHN G. TOWER, Texas JOSEPH S. CLARK, Pennsylvania

JACOB K. JAVITS, New York
WILLIAM PROXMIRE, Wisconsin

MILWARD L. SIMPSON, Wyomin.
HARRISON A. WILLIAMS, JR., New Jersey PETER H. DOMINICK, Colorado
EDMUND S. MUSKIE, Maine
EDWARD V. LONG, Missouri
MAURINE B. NEUBERGER, Oregon
THOMAS J. MCINTYRE, New Har oshire

MATTHEW HALE, Chief of Staff

CHARLES H. BRADFORD, Minority Clerk
CHARLES L. EGENROAD

HENRIETTA S. CHASE
REGINALD W. BARNES

PAULINE C. BEAM
JONATHAN LINDLEY

CARO M. PUGH
PAUL M. PENICK

FLORENCE BARR
OLIN CAVNESS

GEORGE WIGGINS, Editor

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CONTENTS

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Statement of the chairman.

Bills and resolutions reported by committee.

Special publications.

Jurisdiction, procedures, and powers of the committee

Annual meeting date of national banks (S. 2228, P. L. 88–232).

Area Redevelopment Act amendments (S. 1163)

Consumer credit cost disclosure ("truth in lending” bill) (S. 750)

Export-Import Bank Act extension (H.R. 3872, P.L. 88–101)--

Federal Credit Union Act amendments (H.R. 4842, P.L. 88–150)

Federal flood assistance study (S. 2032)

Government guarantees of credit (S. 2310).

Housing legislation:

Extension of FHA 221 (d)(2) and (d)(4) programs (H.J. Res. 467,

P.L. 88–54)

Extension of FHA 809 and 810 of the National Housing Act (S. 1952,

P.L. 88–127).

Transfer of certain property purchased for low-rent housing project in

Detroit, Mich. (H.R. 772, P.L. 88–141)--

Housing for the elderly (H.J. Res. 724, P.L. 88–158).

Additional funds for section 702 program reserve of planned public

works (S.J. Res. 129).

Secondary market facilities for conventional mortgages (S. 810, S. 811,

and S. 2130)

Housing for domestic farm labor (S. 981).-

Payment for claims for defects in FHA homes (S. 1200 and S. 2226)

Housing for paraplegic veterans and VA direct loan mortgages (S. 484

and S. 1675)

Medals:

Nevada centennial (S. 1125, P.L. 88–147)-

Padre Junipero Serra 250th anniversary (S. 743, P.L. 88–143)

Battle of Lake Erie 150th anniversary (S. 879)

Indiana Statehood 150th anniversary (H.R. 3488, P.L. 88–184)

ILGWU health center 50th anniversary (H.R. 7193, P.L. 88–185).

New York historic shrines (S. 2079) -

Mint statutes :

Additional mint facilities (S. 874, P.L. 88–102)

John Fitzgerald Kennedy 50-cent pieces (H.R. 9413, P.L. 88–256)

RFC Liquidation Act annual reports (Š. 1241) -

Securities legislation (S. 1642)

Silver Purchase Acts repeal (H.R. 5389, P.L. 88–36)

Small business legislation:

Small Business Act (S. 1309)-

Small Business Investment Act (S. 298)

Small business construction set-asides (S. 757).

Urban Mass Transportation Act of 1963 (S. 6).

Nominations:

Philip N. Brownstein, Federal Housing Commissioner.

John Prior Lewis, Council of Economic Advisers.---

Manuel Frederick Cohen, Securities and Exchange Commission

John E. Horne, Federal Home Loan Bank Board.

Eugene P. Foley, Small Business Administrator.

J. Dewey Daane, Federal Reserve Board..

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