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Y 4.674 : L22/pt.s MATTERS RELATING TO T. BERTRAM LANCE

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MATTERS RELATING TO T. BERTRAM LANCE

HEARINGS

BEFORE THE

COMMITTEE ON
GOVERNMENTAL AFFAIRS
UNITED STATES SENATE

NINETY-FIFTH CONGRESS

FIRST SESSION

APPENDIX

VOLUME 3-SUPPLEMENTAL REPORT TO GOVERNMENTUL AF.
FAIRS COMMITTEE BY COMPTROLLER OF THE CURRENCY
ENTITLED: “INQUIRY INTO CERTAIN MATTERS RELATING TO
T. BERTRAM LANCE AND VARIOUS FINANCIAL INSTITU'TIONS,

SEPTEMBER 7, 1977”.

AND

EDITED COPY OF REPORT PREPARED BY U.S. DEPARTMENT OF
THE TREASURY, INTERNAL REVENUE SERVICE, OFFICE OF THE
ASSISTANT COMMISSIONER (INSP’ECTION) ENTITLED: "INVESTI-
GATION OF THE OFFICE OF THE COMPTROLLER OF THE CUR-
RENCY'S ACTIVITIES RELATING TO THE CALHOUN IST NATIONAL
BANK AND THE NATIONAL BANK OF GEORGIA,"

SEPTEMBER 7, 1977

PART 3

SEPTEMBER 1977

Printed for the use of the Committee on Governmental Affairs

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COMMITTEE ON GOVERNMENTAL AFFAIRS

ABRAHAM RIBICOFF, Connecticut, Chairman JOHN L. MCCLELLAN, Arkansas

CHARLES H. PERCY, Illinois HENRY M. JACKSON, Washington

JACOB JAVITS, New York EDMUND S. MUSKIE, Maine

WILLIAM V. ROTH, JR., Delaware LEE METCALF, Montana

TED STEVENS, Alaska THOMAS F. EAGLETON, Missouri

CHARLES MCC. MATHIAS, JR., Maryland LAWTON CHILES, Florida

JOHN C. DANFORTH, Missouri
SAM NUNN, Georgia

H. JOHN HEINZ III, Pennsylvania
JOHN GLENN, Ohio
JIM SASSER, Tennessee

RICHARD A. WEGMAN, Chief Counsel and Staff Director
PAUL HOFF, Counsel

CLAUDIA T. INGRAM, Professional Staff ELI E. NOBLEMAN, Counsel

Member Paul C. ROSENTHAL, Counsel

ELLEN S. MILLER, Professional Staf Jember MATTHEW SCHNEIDER, Counsel

THEODORE J. JACOBS, Conner1 CLAUDE E. BARFIELD, Professional Staff

(Regulatory Reform) Member

JAMES M. GRAHAM, Counsel

(Regulatory Reform)
ETHEL Z. GEISINGER, Special Assistant

(Regulatory Reform)
MARILYN A. HARRIS, Executive Administrator and Professional Staff Member

ELIZABETH A. PREAST, Chief Clerk

PAT DOXAT, A88i8tant Chief Clerk
John B. CHILDERS, Chief Counsel to the Minority
BRIAN CONBOY, Special Counsel to the Minority
HAROLD C. ANDERSON, Staff Editor

Comptroller of the Currency
Administrator of National Banks

Washington, D. C. 20219

September 6, 1977

Honorable Abraham A. Ribicoff
Chairman
Committee on Governmental Affairs
United States Senate
Room 337, Russell Office Building
Washington, D. C. 20510

Dear Mr. Chairman:

On August 18, 1977 when I submitted to you and the Committee the report of the Office of the Comptroller of the Currency concerning its Inquiry Into Certain Matters relating to T. Bertram Lance and various Financial Institutions, I stated in the transmittal letter accompanying the report that certain areas of the inquiry remained to be concluded. Accordingly, I enclose a supplemental report containing sections on (a) certain transactions at Fulton National Bank, (b) certain transactions in the demand deposit accounts of Mr. Lance, and (c) minor corrections and addenda to the August 18, 1977 report.

We are still considering whether further inquiry by the OCC is necessary with regard to a number of transactions which have come to our attention. Appropriate action will be taken by the OCC on any further information developed.

I trust that the Committee will find the report helpful in pursuing its responsibilities. If we can be of further assistance, I know you will call on us.

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