Reorganization Plan No. 2 of 1956: Federal Savings and Loan Insurance Corporation) Hearing Before a Subcommittee of the Committee on Government Operations, House of Representatives, Eighty-fourth Congress, Second Session on H. Res. 541. June 26, 1956United States. Congress. House. Committee on Government Operations. Executive and Legislative Reorganization Subcommittee, United States. Congress. House. Committee on Government Operations U.S. Government Printing Office, 1956 - 170 pages Considers legislation prohibiting the enactment of Reorganization Plan No. 2, 1956, which would grant independent agency status to FSLIC. |
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Page 5
... fact that he nor anyone close to him did not discuss the matter with the savings - and - loan industry in any way , which industry , of course , is directly and vitally affected . Mr. Chairman , I urge the adoption of the resolution and ...
... fact that he nor anyone close to him did not discuss the matter with the savings - and - loan industry in any way , which industry , of course , is directly and vitally affected . Mr. Chairman , I urge the adoption of the resolution and ...
Page 6
... fact that he nor anyone close to him did not discuss the matter with the savings and loan industry in any way , which industry of course is directly and vitally affected . I strongly urge you to use your influence to reject this plan in ...
... fact that he nor anyone close to him did not discuss the matter with the savings and loan industry in any way , which industry of course is directly and vitally affected . I strongly urge you to use your influence to reject this plan in ...
Page 17
... fact that a great deal of concern has de- veloped over the country among various building and loan asso- ciations as to the content and purpose of this reorganization plan No. 2 as submitted by the President . Next , I would like to ...
... fact that a great deal of concern has de- veloped over the country among various building and loan asso- ciations as to the content and purpose of this reorganization plan No. 2 as submitted by the President . Next , I would like to ...
Page 18
... facts that we ought to bring out because this is a serious problem in my opinion as to what is to be done about the present situation . First , let me say that I have had considerable experience in legis- lative matters and am rather ...
... facts that we ought to bring out because this is a serious problem in my opinion as to what is to be done about the present situation . First , let me say that I have had considerable experience in legis- lative matters and am rather ...
Page 19
... fact that the assets of these loans consist mainly of insured and unrealized insured mortgages , if the Insurance Corporation is not taking a greater risk than the FDIC which has a larger spread on collateral of a different type . Mr ...
... fact that the assets of these loans consist mainly of insured and unrealized insured mortgages , if the Insurance Corporation is not taking a greater risk than the FDIC which has a larger spread on collateral of a different type . Mr ...
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Common terms and phrases
administration Bank of Greensboro Banking and Currency believe board of directors Board of Trustees BROWN BRUNDAGE BUBB Chairman DAWSON charter Committee on Government conflicts of policy congressional constructive improvement cost create D. C. DEAR CONGRESSMAN defeat disapprove duplication examination executive FASCELL Federal Home Loan Federal Savings functions Government Operations HOLIFIELD Home Loan Bank Hoover Commission House Committee House of Representatives House Office Building independent agency industry interest JONAS June 18 June 20 legislative Loan Advisory Council loan affairs loan associations Loan Bank Board Loan Bank System loan business Loan Insurance Corporation Loan League MCALLISTER Member of Congress million opposed opposition to Reorganization overlapping responsibilities percent present single agency President proposed question Reorganization Plan reserves resolution result in conflicts SAVINGS & LOAN savings and loan separate agencies separating the Federal State-chartered statement submitted supervision supervisory support any constructive tion United States Savings Washington WILLIAM WILLIAM L
Popular passages
Page 117 - Council considered suggestions originating with the savings and loan business, the Federal Home Loan Bank Board or its department heads, other Government agencies and the public. Over the years, the Council has proposed many constructive ideas to the Federal Home Loan Bank Board and to the savings and loan business. During the time I have had the privilege of serving as a member of the Council, these suggestions were in every case graciously received and studied, and sincere efforts made to implement...
Page 133 - Maryland except for those holding membership in the Federal Savings and Loan Insurance Corporation and the Federal Home Loan Bank System.
Page 40 - Such further measures and dispositions as the Director of the Bureau of the Budget shall determine to be necessary in order to effectuate the transfers provided for in this section shall be carried out in such manner as the Director shall direct and by such agencies as he shall designate.
Page 74 - Chairman of the Federal Deposit Insurance Corporation, the Comptroller of the Currency and the Administrator of the National Credit Union Administration participated under an informal memorandum of agreement.
Page 121 - Home Loan Bank Board and the Federal Savings and Loan Insurance Corporation are concerned with the operations of savings and loan associations, and the existence of two boards could result in conflicts of policy and confusion in the industry.
Page 45 - ... at Tehran, Yalta, and Potsdam, or through his emissaries, are binding upon the Government of the United States. Mr. ACHESON. That covers a wide field. Under the Constitution the President has clearly defined powers. In two of those conferences there were, of course, discussions of military affairs. The President is the Commander in Chief of the Army and the Navy of the United States, and under his war powers can make commitments as to what part the United States will play in the war, and those,...
Page 3 - Prepared by the President and transmitted to the Senate and the House of Representatives in Congress assembled, April 24, 1958, pursuant to the provisions of the Reorganization Act of 1949, approved June 20, 1949, as amended CIVILIAN MOBILIZATION SECTION 1.
Page 4 - Director shall direct. (b) Such further measures and dispositions as the Director of the Bureau of the Budget shall deem to be necessary in order to effectuate the transfers provided for in subsection (a) of this section shall be carried out in such manner as he shall direct and by such agencies as he shall designate.
Page 11 - Corporation shall deem, necessary in connection with such insurance, and (2) if the insurance is granted, to permit and pay the cost of such examinations as in the judgment of the Corporation may from time to time be necessary for its protection and the protection of other insured institutions, to permit the Corporation to have access to any information or report with respect to any examination made by any public regulatory authority and to furnish any additional information with respect thereto...
Page 139 - that no person be permitted to serve as a member of the Home Loan Bank Board and the Federal Savings and Loan Insurance Corporation at the same time.