y4.822': No21

EIGHT 15TH CONGRESS

SESSION

ON

H.R. 7796

AMEND CERTAIN LENDING LIMITATIONS ON REAL ESTATE
AND CONSTRUCTION LOANS APPLICABLE TO

NATIONAL BANKS

AND

S. 1771

IMPROVE THE USEFULNESS OF NATIONAL BANK BRANCHES
IN FOREIGN COUNTRIES

75248

SEPTEMBER 12, 1961

Printed for the use of the Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1961

CONTENTS

H.R. 7796

H.R. 7796. A bill to amend certain lending limitations on real estate and

construction loans applicable to national banks...___

Report on H.R. 7796 of the Federal Deposit Insurance Corporation, Wash-

ington, dated August 18, 1961___

Report on H.R. 7796 of the Treasury Department, dated July 31, 1961.

Report on H.R. 7796 of the Federal Reserve System, Washington, dated

July 14, 1961.

Statement of-

Bergmann, Harry P., member of the Mortgage Finance Committee,

the American Bankers Association; accompanied by J. O. Brott,

general counsel, the American Bankers Association...

Additional data submitted to the subcommittee by-

Spence, Hon. Brent:

Page

1

22

3

3

American Bankers Association, Washington, D.C., letter of Ben

C. Corlett, director, dated August 23, 1961.

9

S. 1771

S. 1771. An act to improve the usefulness of national bank branches in

foreign countries.

9

Senate report No. 738, National Bank branches in foreign countries, dated

August 15, 1961.

10

Report on S. 1771 of the Federal Deposit Insurance Corporation, Washing-

ton, dated September 11, 1961_.

13

Report on S. 1771 of the Treasury Department, Washington, dated Sep-

tember 14, 1961...

14

Report on S. 1771 of the Federal Reserve System, Washington, dated Sep-

tember 11, 1961___

14

Statement of-

Calhoun, Alexander D., senior vice president of the First National

City Bank of New York..

22

Johnson, Kenneth M., vice president and counsel, Bank of America,
National Trust and Savings Association, San Francisco, Calif
Malcolm, Walter D., counsel, First National Bank of Boston...

Additional data submitted to the subcommittee by-

Spence, Hon. Brent:

American Bankers Association, Washington, letter of Ben C.

Corlett, director, dated September 11, 1961---

III

Bank of America, New York, letter of Tom B. Coughran, execu-

tive vice president, dated September 5, 1961-

248

15

19