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A BILL TO AMEND THE FEDERAL DEPOSIT INSURANCE
ACT TO PROVIDE SAFEGUARDS AGAINST MERGERS AND
CONSOLIDATIONS OF BANKS WHICH MIGHT LESSEN
COMPETITION UNDULY OR TEND UNDULY TO CREATE A
MONOPOLY IN THE FIELD OF BANKING

MARCH 18 AND 19, 1959

Printed for the use of the Committee on Banking and Currency

69-60004

-38251

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1959

COMMITTEE ON BANKING AND CURRENCY

A. WILLIS ROBERTSON, Virginia, Chairman

J. W. FULBRIGHT, Arkansas
JOHN J. SPARKMAN, Alabama
J. ALLEN FREAR, JR., Delaware
PAUL H. DOUGLAS, Illinois
JOSEPH S. CLARK, Pennsylvania
WILLIAM PROXMIRE, Wisconsin
ROBERT C. BYRD, West Virginia
HARRISON A. WILLIAMS, JR., New Jersey
EDMUND S. MUSKIE, Maine

HOMER E. CAPEHART, Indiana WALLACE F. BENNETT, Utah PRESCOTT S. BUSH, Connecticut J. GLENN BEALL, Maryland JACOB K. JAVITS, New York

J. H. YINGLING, Chief of Staff
MATTHEW HALE, Chief Counsel

II

R.V. 8. 21 Ap 59

AAE

CONTENTS

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Letter to Congressman Celler on bank consolidations, mergers,
etc___

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Letter on competition in banking, with tables.

Letter on discretionary authority to submit issue of monopoly
and competition to Attorney General -

Letter from Mr. Wolcott on requesting opinion of Attorney Gen-

eral...

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