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Printed for the use of the Committee on Banking and Currency

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COMMITTEE ON BANKING AND CURRENCY

J. W. FULBRIGHT, Arkansas, Chairman A. WILLIS ROBERTSON, Virginia

HOMER E. CAPEHART, Indiana JOHN J. SPARKMAN, Alabama

JOHN W. BRICKER, Ohio J. ALLEN FREAR, JR., Delaware

IRVING M. IVES, New York PAUL H. DOUGLAS, Illinois

WALLACE F. BENNETT, Utah HERBERT H. LEHMAN, New York

PRESCOTT S, BUSH, Connecticut A. S. MIKE MONRONEY, Oklahoma

J. GLENN BEALL, Maryland
WAYNE MORSE, Oregon

FREDERICK G. PAYNE, Maine
J. H, YINGLING, Chief Clerk
ROBERT A. WALLACE, Staff Director

STUDY AUTHORIZED BY THE COMMITTEE ON BANKING AND CURRENCY PURSUANT TO

SENATE RESOLUTION 155, 84TH CONGRESS, 2D SESSION
A. WILLIS ROBERTSON, Virginia, Acting Chairman

DONALD L. ROGERS, Counsel

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CONTENTS

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Statement of Senator A. Willis Robertson ---

Recommendations of the Comptroller of the Currency:

Letter of transmittal.-----

1. Comptroller of the Currency; salary-----

2. Fourth and Fifth Deputy Comptrollers of the Currency-

3. Appointment and classification of clerks------

4. Home Owners' Loan Corporation obligations.-

5. Restrict State authorities from subjecting national banks

aminations and licensing-------

6. Contributions by national banks.---.

7. Change of location of a national bank. ------

8. Consolidations and mergers of banks.--

9. Branches retained after consolidation or me

10. Capital of outside branches...

11. School savings programs----

12. Payment of stock in national bank.----

13. Unearned dividends ----

14. Increase of capital by vote of shareholders -

15. Cumulative voting in the election of national bank direc

16. Reserves required by holding company affiliates -

17. Shareholders' lists.--

18. Shareholders individual liability ---

19. Shareholders individual liability upon liquidation.

20. Election of national bank directors.---

21. Removed director or officer voting stock ---

22. Liabilities of national banks under Reconstruction Finance Cor-

poration Act-----

23. Exceptions to 10 percent limit on obligations.--

24. Exception to 10 percent limitation on obligations covering dairy

cattle

25. Loans secured by obligations of the United States.--

26. Banking facilities at military posts ----

27. Reserves of national banks outside the United States.

28. Reports made to the Comptroller of the Currency ---

29. Report of dividends and net earnings ------

30. Shareholder approval of sale of assets in voluntary liquidatio

31. Personal liability of shareholders in receivership -

32. FDIC as receiver of national bank ----

33. Appointment of conservators..

34. Trust activities of national banks.

35. Limitations on real estate loans -----

36. Deposits by persons or corporations not supervised by any State

authority --

37. Contributions by the FDIC and the Federal Reserve Board to the

Comptroller

38. Furnishing confidential information to Federal intermediate

credit banks------

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39. National agricultural credit corporations..

40. Bonds of Home Owners' Loan Corporation as lawful investments

41. Acting Comptroller of the Currency on Board of the FDIC.-

42. Mergers or consolidations by insured banks. ----

43. Use of certain words as part of business name.-

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44. National bank examination reports privileged against disclosure -

OST

45. Merged or consolidated bank as branch office---

45A. Administration of pension, profit-sharing, and employee wel-

OS

fare or benefit funds of employees of national banks---

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bonds of Federal Farm Mortgage Corporation.-

71. References to national agricultural credit corporations.

72. Repurchase agreements of Federal Reserve banks.

73. Settlement fund.-

74. Federal Reserve notes..

75. Federal Reserve banknotes..

76. Obsolete provision regarding reserve requirements.

77. Payment of interest on deposits ---

78. Interest on demand deposits of savings banks and of public funds.

79. Reserves against deposits of public moneys..

80. Obsolete provision as to loans to executive officers of member

banks.--

81. Loans to executive officers-dollar exemption.-

82. Investment by national banks in foreign financing corporations-

83. Powers of foreign branches of national banks.

84. Procedure for removal of directors and officers..

85. Bank mergers -

Recommendations of the Federal Deposit Insurance Corporation:

Letter of transmittal.

86. Term of office of appointive directors -

87. Comptroller of the Currency as a member of Board.

88. Definitions.---

89. Trust funds in a noninsured bank...

90. Exclusion from deposit insurance of deposits of branches in

Alaska, Hawaii, or the Virgin Islands_

91. Insurance of interest on deposits -

92. Transferred deposit as payment of insured deposit in a closed

bank.

93. Definition of branch.

94. Insurance of deposits in national banks

95. Change of term “thorough examination" to "examination”

96. Maintenance of assessment records.

97. Assessment credits.--.

98. Limitation on actions for assessment payments -

99. Procedure for termination of insured status of banks.

100. Section 9 of the Federal Deposit Insurance Act

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Recommendations of the Federal Deposit Insurance Corporation-Con.

101. Employment, separation, and compensation -

102. Application by Corporation for subpena..

103. Immunity from prosecution-

104. Certification of records

105. Deposit insurance fund.

106. Liability of Corporation for insured deposits.

107. Additional liability of national bank stockholders-

108. New national bank organized to assume deposits.

109. Receiver of an insured bank.

110. Liability of depositor as stockholder of closed bank_

111. Loans to and asset purchases from receivers or liquidators -

112. Civil service retirement and disability benefits and employees'

compensation benefits---

113. Accounting and auditing of the Corporation on calendar year

basis.

114. Regulation of bank mergers.

115. Loans to examiners of the Corporation --

Recommendations of the Federal Home Loan Bank Board:

Letter of transmittal.

General statement-

Federal Home Loan Bank Act,

116. General amendment..

117. Definitions.

118. Federal home loan bank districts..

119. Eligibility of member and nonmember borrowers.

120. Territorial limitation on membership and advances.

121. Liquidity of Federal home loan bank members.,

122. Capital stock of Federal home loan banks.--

123. Directors of Federal home loan banks..

124. Federal Savings and Loan Advisory Council

125. Advances by Federal home loan banks..

126. Advances for home repairs.

127. Obligations of Federal home loan banks..

128. Interbank transactions of Federal home loan banks.

129. Required investments of Federal home loan banks.

130. Judicial proceedings involving Federal home loan banks...

131. Eligibility of Federal home loan bank personnel as director.

132. Exemption from taxation...

133. Eligibility of bank obligations as investments.

134. Reserves of Federal home loan banks.

135. The Federal Home Loan Bank Board..

136. Expenses of the Board and assessments on the banks.

137. Powers and duties of examiners_-

138. Interagency services.-

139. Interbank adjustments -

140. Territorial applicability of act.

Home Owners' Loan Act of 1933—

141. References to Home Loan Bank Board..

142. Definitions.--

143. Interest rate and charges of Federal savings and loan associations.

144. Administrative proceedings.

145. Investments by Secretary of the Treasury in Federal savings and

loan associations..

146. Conversions..

147. Promotion of savings and loan associations.

148. Territorial applicability of act...

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Title IV of National Housing Act-
149. References to Home Loan Bank Board..
150. Definitions...

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