Regulation of Bank Mergers: Hearings Before the Committee on Banking and Currency, United States Senate, Eighty-sixth Congress, First Session, on S. 1062, Volumes 22-23 |
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... 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 CARD DIVISION.
... 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 CARD DIVISION.
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... Washington , D.C. The committee met , pursuant to call , at 10:08 a.m. , Senator A. Willis Robertson ( chairman ) presiding . Present : Senators Robertson , Sparkman , Frear , Muskie , and Ben- nett . The CHAIRMAN . The committee will ...
... Washington , D.C. The committee met , pursuant to call , at 10:08 a.m. , Senator A. Willis Robertson ( chairman ) presiding . Present : Senators Robertson , Sparkman , Frear , Muskie , and Ben- nett . The CHAIRMAN . The committee will ...
Page 3
... Washington , D.C. TREASURY DEPARTMENT , February 3 , 1959 . SIR : There is transmitted herewith a draft of a proposed bill to amend the Federal Deposit Insurance Act to provide safeguards against mergers and con- solidations of banks ...
... Washington , D.C. TREASURY DEPARTMENT , February 3 , 1959 . SIR : There is transmitted herewith a draft of a proposed bill to amend the Federal Deposit Insurance Act to provide safeguards against mergers and con- solidations of banks ...
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... Washington , D.C. DEAR Mr. CHAIRMAN : As you know , the Committee on Banking and Currency has exclusive jurisdiction over matters relating to banking under Senate rule XXV . Therefore , I feel it is necessary to advise you that this ...
... Washington , D.C. DEAR Mr. CHAIRMAN : As you know , the Committee on Banking and Currency has exclusive jurisdiction over matters relating to banking under Senate rule XXV . Therefore , I feel it is necessary to advise you that this ...
Page 7
... Washington , February 27 , 1959 . Chairman , Committee on Banking and Currency , U.S. Senate , Washington , D.C. DEAR MR . CHAIRMAN : This is in response to your letter of February 18 , 1959 , requesting a report on the bill S. 1062 ...
... Washington , February 27 , 1959 . Chairman , Committee on Banking and Currency , U.S. Senate , Washington , D.C. DEAR MR . CHAIRMAN : This is in response to your letter of February 18 , 1959 , requesting a report on the bill S. 1062 ...
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Common terms and phrases
1st sess 84th Cong 85th Congress amend American Bar Association antitrust laws Antitrust Subcommittee application Attorney Bank Holding Company bank mergers bank supervisory agencies banking agencies Banking and Currency bill Board of Governors branch banking Calif California Bank CELLER CHAIRMAN City Clayton Act Commerce Comptroller Congress create a monopoly Department of Justice Deposit Insurance Corporation effect FDIC Federal bank supervisory Federal Deposit Insurance Federal Reserve Board Federal Reserve System GIDNEY Holding Company Act insured bank legislation lessen competition unduly lessening of competition merge merger or consolidation MERGERS AND PURCHASE Name of absorbed Name of receiving Nat'l National Bank Newark number of banks Philadelphia provides public interest PURCHASE AND SALE receiving bank regulation require resources of absorbed resulting bank SALE TRANSACTIONS APPROVED Savs Security Trust Co Senator FREAR Senator MUSKIE substantially to lessen tend to create tend unduly tion Tr.Co trust companies U.S. Senate unduly to create WILLIS ROBERTSON
Popular passages
Page 201 - That nothing herein contained shall render illegal, contracts or agreements prescribing minimum prices for the resale of a commodity which bears, or the label or container of which bears, the trade mark, brand, or name of the producer or distributor of such commodity and which is in free and open competition with commodities of the same general class produced or distributed by others, when contracts or agreements of that description are lawful as applied...
Page 3 - System and that consideration has been given to the financial history and condition of the bank, the adequacy of its capital structure, its future earnings prospects, the general character of its management, the convenience and needs of the community to be served by the bank, and whether or not its corporate powers are consistent with the purposes of the Federal Deposit Insurance Act.
Page 119 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 47 - Corporation, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System.
Page 202 - That no corporation engaged in commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital of another corporation engaged also in commerce where the effect of such acquisition may be to substantially lessen competition...
Page 202 - Commission shall acquire the whole or any part of the assets of another corporation engaged also in commerce, where in any line of commerce in any section of the country, the effect of such acquisition may be substantially to lessen competition, or to tend to create a monopoly.
Page 186 - ... short line constructed by an independent company where there is no substantial competition between the company owning the branch line so constructed and the company owning the main line acquiring the property or an interest therein...
Page 203 - ... and the prospect of rehabilitation so remote that it faced the grave probability of a business failure with resulting loss to its stockholders and injury to the communities where its plants were operated, we hold that the purchase of its capital stock by a competitor (there being no other prospective purchaser), not with a purpose to lessen competition, but to facilitate the accumulated business of the purchaser and with the effect of mitigating seriously injurious consequences otherwise probable,...
Page 52 - Nothing contained in this section shall apply to transactions duly consummated pursuant to authority given by the Civil Aeronautics Board, Federal Communications Commission, Federal Power Commission, Interstate Commerce Commission, the Securities and Exchange Commission...
Page 115 - ... (1) the financial history and condition of the company or companies and the banks concerned; (2) their prospects; (3) the character of their management; (4) the convenience, needs, and welfare of the communities and the area concerned; and (5) whether or not the effect of such acquisition or merger or consolidation would be to expand the size or extent of the bank holding company system involved beyond limits consistent with adequate and sound banking, the public interest, and the preservation...