LIBRARY OF CONGRESS
LIBRARY OF CONGRESS

THE LIBRARY
OF CONGRESS
THE LI

THE LI

LIBRARY
OF
congressS
THE

HEO

9

THE LIBRARY OF CONGRESHE LIBRARY OF CONGRESS,

LIBRARY OF CONGRESS

HE LIBRARY OF CONGRESS

RESS

LIBRARY OF CONGRESS

THE

AAR

'E LIBRARY OF CONGRESS THE LIBRARY OF CONGRES HE LIBRARY OF CONGRESS, THE LIBRARY OF CONGRESS,

ON

OA

AES

HE LIBRARY OF CONGRESS

THE LIBRARY OF CONGress, the LIBRARY OF CONGRESS,

GRESS

LIBRARY OF CONGRESS THE LIBR

A E

& K .

OF CONGO

THE

CONGRESS ONE
LIBRARY
Of
congreSS

་༦.༤་

LIBRA

R

CONGRESS LIBRA

AE

CONGRESSHE LIBRARY OF CONGRESS

AA

LIBRARY OF congress THE LIBRARY OF CONGRESS

RESS,

ОН

a

RES

THE

C

NGRESS THE LIBRARY OF CONGRESS

AE

THE

HE

040

HLS

S THE LIBRARY OF LI

THE LIBRARY OF CONGRESS,

THE LIBRARY OF CONGRESS, THE LIBRARY OF CONGRESS,

S LIBRARY
OF CONGRESS
LIBE

LIBRA

CONGRES

LIBRA

LIBRARY OF CONGRESS THE LI

NGRESS THE LIBRARY OF
CONGRE NO GO THE LIBRARY OF CONGRESS

NGRESS THE LIBRARY OF CONGRESS THE LI

THE

AR

LIBRARY OF

CONGRESS THE LIBRARY

AESS

LIBRARY Of congreSS THE LIBRARY OF CONGRESS

AR

THE LIL

AR

RE

RAA

0

S. HRG. 98-629 Part 1

COMPETITIVE EQUITY IN THE
FINANCIAL SERVICES INDUSTRY

HEARING

BEFORE THE

COMMITTEE ON

BANKING, HOUSING, AND URBAN AFFAIRS

UNITED STATES SENATE

NINETY-EIGHTH CONGRESS

FIRST SESSION

ON

S. 2181

TO AUTHORIZE DEPOSITORY INSTITUTION HOLDING COMPANIES TO

ENGAGE IN ACTIVITIES OF A FINANCIAL NATURE, INSURANCE UN-

DERWRITING AND BROKERAGE, REAL ESTATE DEVELOPMENT AND

BROKERAGE, AND CERTAIN SECURITIES ACTIVITIES INCLUDING

DEALING IN, UNDERWRITING AND PURCHASING GOVERNMENT AND

MUNICIPAL SECURITIES, SPONSORING AND MANAGING INVESTMENT

COMPANIES AND UNDERWRITING THE SECURITIES THEREOF, TO PRO-

VIDE FOR THE SAFE AND SOUND OPERATION OF DEPOSITORY INSTI-

TUTIONS, TO AMEND THE FEDERAL RESERVE ACT, THE HOME

OWNERS' LOAN ACT OF 1933, AND THE BANK SERVICE CORPORATION

ACT, AND FOR OTHER PURPOSES

S. 2134

TO ESTABLISH THE PERMISSIBLE SCOPE OF POWERS FOR DEPOSITORY

INSTITUTIONS AND THEIR HOLDING COMPANIES CONSISTENT WITH

THEIR SAFE AND SOUND OPERATIONS, TO SIMPLIFY THE PROCE-
DURES FOR ENGAGING IN SUCH ACTIVITIES, AND FOR OTHER PUR-
POSES

PART 1

JANUARY 16, 1984-SALT LAKE CITY, UTAH

Printed for the use of the Committee on Banking, Housing, and Urban Affairs

30-927 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1984

S. HRG. 98-629 Part 1

COMPETITIVE EQUITY IN THE

FINANCIAL SERVICES INDUSTRY

HEARING

BEFORE THE

COMMITTEE ON

BANKING, HOUSING, AND URBAN AFFAIRS

UNITED STATES SENATE

NINETY-EIGHTH CONGRESS

FIRST SESSION

ON

S. 2181

TO AUTHORIZE DEPOSITORY INSTITUTION HOLDING COMPANIES TO

ENGAGE IN ACTIVITIES OF A FINANCIAL NATURE, INSURANCE UN-

DERWRITING AND BROKERAGE, REAL ESTATE DEVELOPMENT AND

BROKERAGE, AND CERTAIN SECURITIES ACTIVITIES INCLUDING

DEALING IN, UNDERWRITING AND PURCHASING GOVERNMENT AND

MUNICIPAL SECURITIES, SPONSORING AND MANAGING INVESTMENT

COMPANIES AND UNDERWRITING THE SECURITIES THEREOF, TO PRO-

VIDE FOR THE SAFE AND SOUND OPERATION OF DEPOSITORY INSTI-

TUTIONS, TO AMEND THE FEDERAL RESERVE ACT, THE HOME

OWNERS' LOAN ACT OF 1933, AND THE BANK SERVICE CORPORATION

ACT, AND FOR OTHER PURPOSES

S. 2134

TO ESTABLISH THE PERMISSIBLE SCOPE OF POWERS FOR DEPOSITORY

INSTITUTIONS AND THEIR HOLDING COMPANIES CONSISTENT WITH

THEIR SAFE AND SOUND OPERATIONS, TO SIMPLIFY THE PROCE-

DURES FOR ENGAGING IN SUCH ACTIVITIES, AND FOR OTHER PUR-

POSES

PART 1

JANUARY 16, 1984-SALT LAKE CITY, UTAH

Printed for the use of the Committee on Banking, Housing, and Urban Affairs

30-927 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON 1984