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Printed for the use of the Committee on Banking and Currency

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COMMITTEE ON BANKING AND CURRENCY

BRENT SPENCE, Kentucky, Chairman PAUL BROWN, Georgia

HENRY 0. TALLE, Iowa WRIGHT PATMAN, Texas

CLARENCE E. KILBURN, New York ALBERT RAINS, Alabama

GORDON L. McDONOUGH, California ABRAHAM J. MULTER, New York

WILLIAM B. WIDNALL, New Jersey HUGH J. ADDONIZIO, New Jersey

JACKSON E. BETTS, Ohio WILLIAM A. BARRETT, Pennsylvania WALTER M. MUMMA, Pennsylvania LEONOR K. SULLIVAN, Missouri

WILLIAM E. McVEY, Illinois HENRY S. REUSS, Wisconsin

EDGAR W. HIESTAND, California MARTHA W. GRIFFITHS, Michigan PERKINS BASS, New Hampshire THOMAS L. ASHLEY, Ohio

HORACE SEELY-BROWN, JR., Connecticut CHARLES A, VANIK, Ohio

EUGENE SILER, Kentucky JAMES C. HEALEY, New York

JOHN E. HENDERSON, Ohio J. T. RUTHERFORD, Texas

CHARLES E. CHAMBERLAIN, Michigan
MERWIN COAD, Iowa
LEROY H. ANDERSON, Montana
J. FLOYD BREEDING, Kansas

ROBERT L. CARDON, Clerk and General Counsel
John E. BARRIERE, Majority Staff Member
ORMAN S. FINK, Minority Staff Member

II

CONTENTS

Page

H. R. 6645. A bill to amend the Small Business Act of 1953..

1

H. R. 7474. A bill to amend the Small Business Act of 1953, as amended. 9

Statement of-

Andersen, Hon. H. Carl, a Representative in Congress from the State

of Minnesota..

292

Barnes, Hon. Wendell B., Administrator, Small Business Adminis-

tration..

--- 18, 170

Burger, George J., vice president, National Federation of Independent

Business

115

Coffin, Hon. Frank M., a Representative in Congress from the State

of Maine..

284

Davis, John C., executive director, National Small Business Men's

Association of Washington, D. C..

131

Fulton, Hon. James G., a Representative in Congress from the State

of Pennsylvania...

295

Hale, Hon. Robert, a Representative in Congress from the State of

Maine.

294

Henderson, Hon. John E., a Representative in Congress from the

State of Ohio..

231

Hill, Hon. William S., a Representative in Congress from the State
of Colorado...

242

Maxwell, Arthur F., representing the American Bankers Association. 145

Mueller, Hon. Frederick H., Assistant Secretary for Domestic Affairs,

Department of Commerce..

211

Multer, Hon. Abraham J., a Representative in Congress from the

State of New York..

262

Porter, Hon. Charles 0., a Representative in Congress from the State

of Oregon

291

Riehlman, Hon. R. Walter, a Representative in Congress from the

State of New York...

233

Seely-Brown, Hon. Horace, Jr., a Representative in Congress from

the State of Connecticut..

256

Thompson, Hon. Frank, Jr., a Representative in Congress from the

State of New Jersey -

259

Weaver, Hon. Phil, a Representative in Congress from the State of
Nebraska --

290

Additional data submitted to the committee by-

Department of Commerce:

Business and Defense Services Administration-organization

chart.

facing page 229

Humphrey, Hon. G. M., Secretary of the Treasury, letter of May 20,
1957, to Hon. Brent Spence---

246

Multer, Hon. Abraham J., letter of May 23, 1957, from Hon. Wendell

B. Barnes, in re: breakdown of Small Business Administration em-

ployees showing those under civil service..

270

Patman, Hon. Wright:

Excerpts from committee hearings“Remarks by Marriner S.

Eccles and William McC. Martin, pertaining to use of reserves

deposited with Federal Reserve System...

170

Small Business Administration:

Business loans approved on which disbursements had been made,

by congressional districts—Consolidated statement covering

periods August 1, 1953 to September 30, 1956; October 1 to

December 31, 1956; and January 1 to March 31, 1957 --

100

Business loan application activity in New England States, by
State, January 1 through April 30, 1957 -

197
Definition of small business, effective January 1, 1957-

28

65 5265

3117

XL
11/98 31150-166 0 €

62

Additional data submitted to the committee by-Continued
Small Business Administration—Continued

Percent of number of business loans outstanding, loan balance,

and amount delinquent over 60 days.-

Programs of financial assistance to small business, April 1957-

Introduction.

Financial counseling -

Loans to business concerns.

Participation loans.

Limited loan participation program.

Direct loans.

Pool loans..

Disaster loans..

Drought disaster loans.

Programs of procurement and technical assistance to small busi-

ness, March 1957.

I. Introductory remarks.

II. Procurement and technical assistance activities.

III. Procurement assistance to small business.

IV. Other production, products and managerial assistance

activities

V. Small Business Administration prime contract pro-

gram

VI. Research and development.

VII. Progress payments.

VIII. Small-business size standards.

IX. Liaison officer with Department of Defense-

X. The Cabinet Committee on Small Business

Exhibit A. Procurement and technical assistance activities

(for the period August 1, 1953, through December 1956,

unless otherwise indicated).

Exhibit B. Joint set-asides—Comparison of 6-month periods

from July 1953 through December 1956 ..

Exhibit C. Awards under joint set-aside program, by States,

cumulative through December 25, 1956..

Exhibit D. Procurement installations where joint set-asides

for small business were made during the first half of fiscal

year 1957..

Exhibit E. Report of Small Business Administration joint

set-aside program cumulative from August 1, 1953, through

December 25, 1956. -

Exhibit F. Certificates of competency: Origin and disposition

of applications, August 1, 1953, through December 31,

1956.

Exhibit G. Examples of procurement assistance-

Exhibit H. Examples of production assistance...

Exhibit I. Examples of requests for assistance received, indi-

cating nature of request and type of assistance provided.

Exhibit J. Examples of managerial assistance_

Exhibit K. Distribution and sale of publications and lists of

management publications..

Addendum-Programs of procurement and technical assist-

ance to small business March 1957 to April 1957.-

Exhibit A. Procurement and technical assistance ac-

tivities (for period August 1, 1953, through March

1957, unless otherwise indicated) -

Exhibit B. Joint set-asides; comparison of 9-month

periods from July 1953 through March 1957-..

Exhibit C. Awards under joint set-aside program, by

States, cumulative through February 25, 1957..

Exhibit D. Procurement installations where joint set-

asides for small business were made during the first

9 months of fiscal year 1957-

Exhibit E. Report on joint set-aside program cumu-

lative from August 1, 1953, through March 25, 1957--

Exhibit F. Certificates of competency: Origin and dis-

position of applications, August i, 1953, through

March 31, 1957.

83

Page

109

93

Additional data submitted to the committee by-Continued

Small Business Administration–Continued

Reconstruction Finance Corporation, Office of Loans, Public

Agency Division (borrowers, project, and amount disbursed)--

Revolving fund-statement of income and expense--

Selected statistics on financial assistance and procurement and

technical assistance activities—current fiscal year through

April 1957 in comparison with same period in fiscal year 1956 -

Summary of business loans charged off.

Summary sheet for business loans in liquidation status as of March

25, 1957-
Summary sheet for business loans delinquent over 60 days and in

problem status as of March 25, 1957-.
Summary statement of business and disaster loan approvals and

disbursements, by type, as of April 30, 1957-

Weeks, Hon. Sinclair, Secretary of Commerce, letter of May 17, 1957,

to Hon. Brent Spence-

92

91

44

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