similarity between the Hoover Commission recommendation and this plan. Furthermore, it seems to operate contrary to the generally defined purposes of all reorganization plans in that it increases the number of Government agencies, creates an overlapping and duplication of effort, does not group or coordinate functions but rather diffuses them, and it certainly does not reduce the total operating cost of the Government.

At the North Carolina Savings and Loan League convention at Blowing Rock last week, there was strong opposition to this reorganization plan on the floor of the convention and in informal groups and discussions.

Your support in opposing this reorganization plan will be appreciated.
Very truly yours,

FRANK L. HOYLE, Jr.,

Executive Vice President.

Hon. L. H. FOUNTAIN,

EDENTON BUILDING & LOAN ASSOCIATION,
Edenton, N. C., June 20, 1956.

House of Representatives Office Building, Washington, D. C.

DEAR CONGRESSMAN: Our association respectfully requests that you actively oppose and vote against Reorganization Plan No. 2 now under consideration by the Senate Committee on Government Operations.

This proposed plan, if adopted, will in our opinion, inevitably result in more overlapping and duplication of effort; higher cost of administration, without any increase in efficiency.

We urge your most serious and favorable consideration in this important matter.

Very truly yours,

R. E. LEARY, Secretary.

FEDERAL HOME LOAN BANK OF GREENSBORO,
Greensboro, N. C., June 22, 1956.

Hon. LAWRENCE H. FOUNTAIN,
Member of Congress, House of Representatives, Washington, D. C.
MY DEAR MR. FOUNTAIN: As you know, the Federal Home Loan Bank of Greens-
boro is a reserve credit institution which serves 549 member savings and loan
associations, 143 of which are located in North Carolina. The bank's directors
have studied Reorganization Plan No. 2 which was transmitted to the Congress
of the United States on May 17, 1956. Individually and collectively, they have
expressed their opinions that the plan is not in the best interests of the Federal
Government, the more than 3 million savers and borrowers served by the savings
and loan associations in the Fourth Federal Home Loan Bank District, and the
savings and loan business.

We are enclosing a copy of a resolution adopted by the bank's board of directors on June 18, 1956, which we hope you will consider in your deliberations on Reorganization Plan No. 2. You will notice that the bank's directors commend and approve the position in opposition to the plan which has been taken by the Federal Savings and Loan Advisory Council and the national savings and loan trade organizations.

Yours very truly,

J. M. SINK, Jr., President. FEDERAL HOME LOAN BANK OF GREENSBORO, Greensboro, N. C.

RESOLUTION

Whereas Reorganization Plan No. 2, heretofore submitted to the Congress of the United States, provides for a drastic change in the organization and operation of the Federal agencies by separating the Federal Savings and Loan Insurance Corporation from the Federal Home Loan Bank Board; and

Whereas the Federal Savings & Loan Advisory Council has adopted a resolution urging the rejection of said Reorganization Plan No. 2; and

Whereas the savings and loan national trade organizations have taken prompt and vigorous action to alert the savings and loan business and the Congress to the dangers and weaknesses of Reorganization Plan No. 2, and have adopted a program of opposition to the plan: Now, therefore, be it

Resolved, That the board of directors of the Federal Home Loan Bank of Greensboro commend and approve the actions of the Federal Savings & Loan

Advisory Council and the savings and loan national trade organizations in opposing Reorganization Plan No. 2 and in urging the Congress of the United States to reject said plan; and be it further

Resolved, That a copy of this resolution be forwarded to the Members of Congress from the Fourth Federal Home Loan Bank District, to the members of the Federal Home Loan Bank of Greensboro, to the chairman of the Federal Savings & Loan Advisory Council, and to the executive officers of the savings and loan national trade organizations.

Hon. L. H. FOUNTAIN,

LAW OFFICES OF JOHNSON & BRANCH,
Enfield, N. C., June 23, 1956.

House of Representatives, Washington, D. C.

DEAR L. H.: The board of directors of the Enfield Building & Loan Association has requested that I write you concerning a plan or bill now pending before your committee which will establish the Federal Savings and Loan Insurance Corporation as an independent agency. It seems that this board is strongly opposed to this plan, and requests that you use your influence to see that same is defeated. It seems that they are advised that if this plan is doctored that it will create two boards with overlapping responsibilities, and they are very well satisfied with the present functions of the Federal Home Loan Bank.

Yours truly,

X

JOSEPH BRANCH.