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Statement of the chairman..

Jurisdiction, procedures, and powers of the committee.

Action on bills and resolutions, table.

Nominations, table---


Housing and Urban Development Act of 1968 (S. 3497)

VA and FHA housing amendments (H.R. 10477).

Effect of railroad mergers on commuter transportation...

Securities :

Full disclosure of corporation equity ownership (s. 510) -

Effect of institutional investors on the securities markets (Senate

Joint Resolution 160) --

Extension of margin requirements to over-the-counter securities

(S. 1299)-

Investment Company Amendments Act (S. 3724) -


Repeal of the gold reserve requirements for U.S. currency (H.R.

14743) -

Truth in lending ($. 5).

Payroll savings deductions for Federal employees (H.R. 6157).

Savings and loan holding companies (S. 1542)--

Regulation of maximum rates of interest paid on time and savings de-

posits (S. 3133)--

Federal Credit Union Act amendments (H.R. 14907)-

Direct purchase authority of Treasury obligations (H.R. 15344)

Bank Protection Act (H.R. 15345) -

Michigan National Bank branch offices (S. 356) -

Consumer credit and the poor---

Financial institutions and the urban crisis -

Federal Reserve report on bank credit card and check-credit plans-

Joint Economic Committee:

Authorizing the Joint Economic Committee to study programs for

balanced economic development (S. Con. Res. 33) -

Defense Production:

Extension of the Defense Production Act (S. 3097; H.R. 17268).

East-West trade policy (S.J. Res. 169) -

Export-Import Bank:

Export-Import Bank loans to improve balance of payments (H.R.


Export-Import Bank Act extension (S. 1155).


Dartmouth College Bicentennial Medals (S. 3671) -

Medal commemorating 100th anniversary of completion of first trans-

continental railroad (S. 1909).

Walt Disney Gold Medal (S.J. Res. 93; H.J. Res. 1234)-

Memphis Sesquicentennial Medals (s. 3531).

Publications of committee.-







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.




[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 ' 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. 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.

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.

By Ś. 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;

financial aid to commerce and industry;
deposit insurance;
the Federal Reserve System, including monetary and credit policies;
economic stabilization, production, and mobilization;

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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