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44. Ex 7/14: R 29/6

S. Res. 246 and S. Res. 247

REORGANIZATION PLAN NO. 1 OF 1950

APRIL 11 AND 12, 1950

Printed for the use of the

Committee on Expenditures in the Executive Departments

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1950

CM.

Div.

STANFORD
LIBRARIES

P155-2

CONTENTS

Page

Message from the President of the United States transmitting Reorganiza-

tion Plan No. 1 of 1950 (H. Doc. 505).

Reorganization Plan No. 1 of 1950.

S. Res. 246__

S. Res. 247_.

Statement of-

Amberg, Harold V., representing the Reserve City Bankers Associa-

tion; vice president and general counsel, the First National Bank,

Chicago, Ill..

Bennett, Claude E., president, State bank division, American Bankers
Association; president, Tioga County Savings & Trust Co.,
Wellsboro, Pa

Brumbaugh, D. Emmert, chairman, legislative committee, National

Association of Supervisors of State Banks; secretary of banking,

State of Pennsylvania, Harrisburg, Pa...

Buesching, Charles H., past president, Indiana Bankers Association;
president, Lincoln National Bank & Trust Co., Fort Wayne, Ind___
Capehart, Hon. Homer E., United States Senator from the State of
Indiana

Cocke, C. Francis, chairman, committee on Federal legislation,

American Bankers Association; president, First National Exchange

Bank, Roanoke, Va..

Cooley, H. H., chairman, committee on Federal legislation, Virginia

Bankers Association; vice president and cashier, Round Hill Na-

tional Bank, Round Hill, Va..

Fleming, Robert V., chairman, Government borrowing committee,

American Bankers Association; president, Riggs National Bank,

Washington, D. C..

Gladney, William B., president, national bank division, American

Bankers Association; president, Fidelity National Bank, Baton

Rouge, La..

1222

67

61

35

65

16

41

64

54

60

Lawton, Frederick J., Assistant Director, Bureau of the Budget, ac-
companied by Fred E. Levi, administrative analyst_

26

76

6

McCormick, Robert L. L., research director, Citizens Committee for
the Hoover Report--

Maybank, Hon. Burnet R., United States Senator from the State of
South Carolina__.

Peterson, F. Raymond, president, American Bankers Association;

chairman of the board, First National Bank & Trust Co., Paterson,

N. J.

Robertson, Hon. A. Willis, United States Senator from the State of
Virginia.

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

Bennett, Claude E., president, State bank division, American Bankers

Association; president, Tioga County Savings & Trust Co., Wells-

boro, Pa.:

Statement of the American Bankers Association__

Statement of policy of the Pennsylvania Bankers Association_ - -

Capehart, Hon. Homer E., United States Senator from the State of

Indiana:

Article from New York Times of April 4, 1950, by George A.

Mooney-

Article from United States Investor of April 8, 1950, National

Banks Need Independence---

III

Memorandum: Reorganization Plan No. 1 as applied to Office of

the Comptroller of the Currency-

Statement---

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

Continued

Delano, Preston, Comptroller of the Currency, letter to Senator John

L. McClellan, April 7, 1950-

Gladney, William B., president, National bank division, American

Banks Association, statement..

Loeffler, Herman C., professional staff member, and Walter L.

Reynolds, staff director, Senate Committee on Expenditures in the

Executive Departments, staff memorandum No. 81-2-49, in re

Reorganization Plan No. 1 of 1950, April 7, 1950.

Maybank, Hon. Burnet R., United States Senator from the State of

South Carolina and chairman, Senate Committee on Banking and

Currency, statement..

Robertson, Hon. A. Willis, United States Senator from the State of

Virginia:

Letter from State of Connecticut Banking Department, April 5,

1950-

Letter from Maryland State Banking Department, April 6, 1950..
Statement in re Reorganization Plan No. 1 of 1950-

Snyder, John W., Secretary of the Treasury, letter to Senator John L.
McClellan, April 7, 1950__.