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RESPECT TO REGISTERED INVESTMENT COMPANIES

HEARINGS

BEFORE THE

SUBCOMMITTEE ON DOMESTIC FINANCE

OF THE

COMMITTEE ON BANKING AND CURRENCY

AND THE

COMMITTEE ON BANKING AND CURRENCY HOUSE OF REPRESENTATIVES

EIGHTY-NINTH CONGRESS

FIRST SESSION

ON

H.R. 7372

A BILL TO AMEND THE BANK HOLDING COMPANY ACT OF 1956

JUNE 2, 3, 22, 23, AND JULY 13, 1965

Printed for the use of the Committee on Banking and Currency

51-226

STANFORD

UNIVERSITY

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COMMITTEE ON BANKING AND CURRENCY

WRIGHT PATMAN, Texas, Chairman

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CONTENTS

Ogilvie, Stuart S..

Testimony of-

Page

366

Culver, Robert A., president, Valley Fidelity Bank & Trust Co.,
Knoxville, Tenn___

249

Olmsted, Gen. George, chairman of the board, Financial General
Corp.; Joseph E. Birnie, president, Bank of Georgia, Atlanta, Ga.;
Robert A. Culver, president, Valley Fidelity Bank & Trust Co.,
Knoxville, Tenn.; William L. Cobb, president, Financial General
Corp.; James Bancroft, president, Financial General Banking
Group; Sherrard Elliot, executive vice president, Financial General;
Allen Whitfield, director, Financial General, International Bank;
Justin Bowersock, executive vice president, Union Trust Co.;
E. Guy Ridgely, president, Alexandria National Bank; A. Scott
Offutt, president, First National Bank of Washington; James
Johnston, director, Financial General, International Bank; and
James Lemon, director, Financial General, International Bank....

Ridgely, E. Guy, president, Alexandria National Bank..

Additional information submitted to the subcommittee by-
Annunzio, Hon. Frank:

118,

208, 294, 320

"Discuss Role of Whitfield in an Estate-Congress Studying
AEC Nominee," article from the Des Moines Register, May 15,
1955___

"Ike Regrets'-Iowan Tells Reasons for Withdrawal-AEC
Nominee Hits at 'Insinuations'," article from the Des Moines
Register, July 9, 1955_-_.

Bancroft, James A., vice president, Financial General Corp., state-

ment of__

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Subsidiary corporations of the Financial General group which
directly own shares of stock of banks prior to 1956
Suggested further amendments to the proposed bill..

O'Toole, Donald, president, Pullman Bank & Trust Co. of Chicago,
Standard Bank & Trust Co. of Chicago, County Bank & Trust Co.
of Blue Island, Ill., and First National Bank of Lockport, Ill.,
statement of_

Harding, Harry J., honorary president and acting executive
manager, Independent Bankers Association, 12th Federal Re-
serve District, letter from..........

111

Leighty, G. E., letter and statement on behalf of Railway Labor
Executives' Association, endorsing H.R. 7372__

299

Lines of credit extended by commercial banks to Federal Services
Finance Corp., with actual funds borrowed__.

335

Morris, Arthur J., letter and affidavit concerning the health of... -
Questions submitted by Chairman Patman to Mr. Cohen, with
reply.

Zaun, Ralph L., president, Independent Bankers Association,
letter with proposals and reasons for support of legislation___

Ridgely, E. Guy:

Description of loan transaction by Alexandria National Bank and

additional information relative to Andrew Goldberg-

Description of loan transaction to Peter D'Agostino by Alexandria

National bank....

Todd, Hon. Paul H., Jr.:

Memorandum from W. J. McNeil, with accompanying interest

rate table..

224

SUBCOMMITTEE ON DOMESTIC FINANCE

OF THE

COMMITTEE ON BANKING AND CURRENCY JUNE 2, 3, 22, AND 23, 1965

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