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November 1968.

The 90th Congress has been a particularly productive one for the Banking and Currency Committee. During the first session, 117 Senate bills, five House bills, eight Senate joint resolutions, four Senate resolutions, one Senate concurrent resolution, and nine nominations were referred to the committee. The committee reported 29 bills and resolutions to the Senate, and the Senate acted favorably on 28 of them. Sixteen of these measures became public law. All nine nominations were reported and approved by the Senate.

During the second session, 43 Senate bills, seven House bills, four Senate joint resolutions, three Senate resolutions, and 25 nominations were referred to the committee. Of these referrals, the committee reported 19 bills and resolutions to the Senate, which acted favorably upon all of them. Fourteen of these became public law. Twenty-four of the nominations were reported and approved by the Senate.

The following summary of the activities of the committee includes an account of the bills, resolutions, and nominations acted upon by the committee through hearings, reports, or otherwise during this session. JOHN SPARKMAN.



[Extract From Rule XXV of the Standing Rules of the U.S. Senate]


1. The following standing committees shall be appointed at the commencement of each Congress, with leave to report by bill or otherwise:


(e) Committee on Banking and Currency, to consist of 14 1 Senators, to which committee shall be referred all proposed legislation, messages, petitions, memorials, and other matters relating to the following subjects:

1. Banking and currency generally.

2. Financial aid to commerce and industry, other than matters relating to such aid which are specifically assigned to other committees under this rule.


3. Deposit insurance.

4. Public and private housing.

5. Federal Reserve System.

6. Gold and silver, including the coinage thereof.

7. Issuance of notes and redemption thereof.

8. Valuation and revaluation of the dollar.

9. Control of prices of commodities, rents, or services.2

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2. The said committees shall continue and have the power to act until their successors are appointed.

3. (a) Except as provided in paragraph (b) of this subsection, each standing committee, and each subcommittee of any such committee, is authorized to fix the number of its members (but not less than one-third of its entire membership) who shall constitute a quorum thereof for the transaction of such business as may be considered by said committee, subject to the provisions of section 133(d) of the Legislative Reorganization Act of 1946.

1 Number changed from 13 to 15, S. Jour. 56-57, 83-1, Jan. 9, 1953; number changed from 15 to 14, S. Jour. 44, 89-1, Jan. 8, 1965.

2 By S. Res. 206, agreed to Mar. 15, 1968, and S. Res. 209, agreed to Mar. 15, 1968, the Committee on Banking and Currency or any duly authorized subcommittee thereof was authorized, under secs. 134(a) and 136 of the Legislative Reorganization Act of 1946, as amended, and in accordance with the committee's jurisdiction as specified by rule XXV, to examine, investigate, and make a complete study of any and all matters pertaining to

(1) banking and currency generally;

(2) financial aid to commerce and industry;

(3) deposit insurance;

(4) the Federal Reserve System, including monetary and credit policies;

(5) economic stabilization, production, and mobilization;

(6) valuation and revaluation of the dollar;

(7) prices of commodities, rents, and services;

(8) securities and exchange regulation;

(9) credit problems of small business; and

(10) international finance through agencies within the legislative jurisdiction of the committee [S. Res. 209]; and

(11) public and private housing [S. Res. 206].


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