Crimes Against Banking Institutions

LEGAL AND MONETARY AFFAIRS SUBCOMMITTEE
DANTE B. FASCELL, Florida, Chairman

RICHARD E. LANKFORD, Maryland
TORBERT H. MACDONALD, Massachusetts
CORNELIUS E. GALLAGHER, New Jersey

JOHN B. ANDERSON, Illinois ROBERT MCCLORY, Illinois

CONTENTS

Statement of-

Burges, Julius E., president, the Association for Bank Audit, Control,

and Operation (NABAC); accompanied by Henry J. Rohlf, first

vice president-.

Glavey, Thomas F., vice president, the Chase Manhattan Bank, New

York, N.Y.; accompanied by Raymond C. Kolb, vice president

and cashier, Mellon National Bank & Trust Co., Pittsburgh, Pa-----

Greensides, Neil G., Acting_Assistant to the Director and Chief,

Division of Examination, Federal Deposit Insurance Corporation;

accompanied by John F. Lord, General Counsel; and William D.

Allen, Assistant Chief, Division of Examinations.

Horne, John E., Member, Federal Home Loan Bank Board; accom-

pained by John de Laittre, Member of the Board; Lawrence M.

Walters, Director, Division of Examinations; and Nathaniel L.

Armistead, Director, Office of Examinations and Supervision____

Kelley, Thomas J., inspector, U.S. Secret Service, Treasury Depart-

ment.

Robertson, J. L., Governor, Board of Governors of the Federal Re-

serve System; accompanied by Frederic Solomon, Director, Division

of Examinations..

Schooley, C. Herschel, Washington manager, Independent Bankers
Association_

Stadtler, John, vice president-elect, United States Savings & Loan
League; accompanied by Stephen Slipher, legislative director_

Watson, Justin T., Deputy Comptroller of the Currency, Treasury

Department; accompanied by Thomas G. DeShazo, Deputy Comp-

troller; Preston Kellogg, Chief_Representative in Trusts; R. Cole-

man Egertson, Chief National Bank Examiner; and Charles Emmet

Lucey, Attorney..

Wood, Calvin E., vice president and controller, First Federal Savings
& Loan Association; accompanied by William J. Kerwin, assistant
executive director, National League of Insured Savings Associations_
Letters, statements, etc., submitted for the record by-

Glavey, Thomas F., vice president, the Chase Manhattan Bank, New
York, N.Y.: Publications of the American Bankers Association_

Greensides, Neil G., Acting Assistant to the Director and Chief, Di-

vision of Examination, Federal Deposit Insurance Corporation:

Excerpt from Federal Deposit Insurance Act:

Section 18(e)-

Section 19.

Excerpt from Federal Deposit Insurance Corporation Manual of

Examination Policies_.

Horne, John E., Member, Federal Home Loan Bank Board:

Excerpt from Federal Deposit Insurance Corporation examina-

tion report-

Letter from John E. Horne, Acting Chairman, to Hon. Dante B.

Fascell, August 20, 1963.

Quotation from report of Committee on Financial Institutions_

III

Letters, statements, etc.-Continued

Kolb, Raymond C., vice president and cashier, Mellon National Bank
& Trust Co., Pittsburgh, Pa.: Excerpt from statement of the presi-
dent of the American Bankers Association before the House Banking
and Currency Committee, re outside audits---

Schooley, C. Herschel, Washington manager, Independent Bankers

Association:

Excerpt from statement of Congressman Wright Patman, chair-

man, House Banking and Currency Committee---

Letter from C. Herschel Schooley, to Hon. Dante B. Fascell,
October 14, 1963 - - -

Solomon, Frederic, Director, Division of Examinations, Federal

Reserve System: Information re bond or bankers blanket bond

coverage held by State member banks of the Federal Reserve

System--

Stadtler, John, vice-president-elect, United States Savings & Loan
League: Statement on crimes against financial institutions

Watson, Justin T., Deputy Comptroller of the Currency, Treasury

Department: Excerpt of letter from Hon. Dante B. Fascell, to