(FINE)

"DISCUSSION PRINCIPLES"

HEARINGS

BEFORE THE

SUBCOMMITTEE ON FINANCIAL INSTITUTIONS

SUPERVISION, REGULATION AND INSURANCE

OF THE

4. S.Congress. House. COMMITTEE ON

BANKING, CURRENCY AND HOUSING,

HOUSE OF REPRESENTATIVES

NINETY-FOURTH CONGRESS

FIRST AND SECOND SESSIONS

PART 3

DECEMBER 18, 1975; JANUARY 20, 21, 22, 27, 28, AND 29, 1976

63-634 O

Printed for the use of the

Committee on Banking, Currency and Housing

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1975

COMMITTEE ON BANKING, CURRENCY AND HOUSING

HENRY S. REUSS, Wisconsin, Chairman

CONTENTS

(The same table of contents appears in parts 1, 2, and 3)

Balick, Sanford E., on behalf of Gellman Research Associates, Jenkintown,

Pa.....

Benda, Kenneth J., president, Independent Bankers Association of

America...

Benedict, Howard M., chairman, Subcommittee on Mortgage Finance for

the National Association of Realtors; accompanied by Jo Ann Barefoot,

Director of Mortgage Finance..

Bitterly, George R., vice president, Institute of Foreign Bankers

Brimmer, Dr. Andrew F., member of the faculty, Graduate School of

Business Administration, Harvard University, and former member of

the Board of Governors of the Federal Reserve System---

Brinkerhoff, Philip R., Executive Vice President and Chief Administrative

Officer, Federal Home Loan Mortgage Corporation_-

Burnham, I. W., II, chairman of the board, Securities Industry Association

and chairman, Drexel Burnham & Co., Inc.; accompanied by Edward I.

O'Brien, president, Securities Industry Association; James W. Walker,

executive vice president; and Richard O. Scribner, senior vice president

and general counsel...

905

1725

1606

1805

383

714

2010

Burns, Hon. Arthur F., Chairman, Board of Governors of the Federal

Reserve System...

1979

Campbell, Raymond D., chairman, Competing Financial Institution Com-

mittee, Independent Bankers Association of America....

Chase, Dr. Samuel B., Jr., consultant to the FINE Study.

Cincotta, Gale, chairperson, National People's Action on Housing, Chicago,

I..

1727

295

2478

Coldwell, Hon. Philip E., member, Board of Governors, Federal Reserve

System...

2401

Connell, Lawrence, Jr., bank commissioner, State of Connecticut...
Crawford, Morris D., Jr., chairman of the board, Bowery Savings Bank
on behalf of the National Association of Mutual Savings Banks; ac-
companied by Dr. Grover W. Ensley, executive vice president; P. James
Riordan, general counsel; and Donald E. Lawson, assistant director of
research, National Association of Mutual Savings Banks___

655

785