SUBCOMMITTEE OF THE COMMITTEE ON GOVERNMENT OPERATIONS HOUSE OF REPRESENTATIVES NINETY-SEVENTH CONGRESS SECOND SESSION SEPTEMBER 30, 1982 Printed for the use of the Committee on Government Operations 11-301 O U.S. GOVERNMENT PRINTING OFFICE KF27 6634 1982 COMMITTEE ON GOVERNMENT OPERATIONS JACK BROOKS, Texas, Chairman L. H. FOUNTAIN, North Carolina EUGENE V. ATKINSON, Pennsylvania TOM LANTOS, California FRANK HORTON, New York JOEL DECKARD, Indiana WILLIAM F. CLINGER, JR., Pennsylvania JOHN HILER, Indiana WENDELL BAILEY, Missouri LAWRENCE J. DENARDIS, Connecticut JUDD GREGG, New Hampshire MICHAEL G. OXLEY, Ohio HAROLD WASHINGTON, Illinois BARBARA B. KENNELLY, Connecticut WILLIAM M. JONES, General Counsel JOHN E. MOORE, Staff Administrator JOHN M. DUNCAN, Minority Staff Director COMMERCE, CONSUMER, AND Monetary AffaIRS SUBCOMMITTEE BENJAMIN S. ROSENTHAL, New York, Chairman CONTENTS Arnold, Doyle L., Senior Deputy Comptroller, Office of the Comptroller of the Currency, accompanied by Robert R. Klinzing, Deputy Comptroller Page Gough, Robert P., Associate Director, Division of Bank Supervision, Fed- Kohn, Ernest, acting first deputy superintendent of banks, State of New York, on behalf of Alan R. Cohen, acting superintendent of banks, Rosenthal, Hon. Benjamin S., a Representative in Congress from the Arnold, Doyle L., Senior Deputy Comptroller, Öffice of the Comptroller of 145 1 52 172-204 Gough, Robert P., Associate Director, Division of Bank Supervision, Fed- Kohn, Ernest, acting first deputy superintendent of banks, State of New York, on behalf of acting superintendent of banks, State of New York: News release, Mr. Cohen's prepared statement, and resolution. New York State Banking Department concerning the investigation of the investors who applied for permission to acquire control of First 147-169 Appendix 1.-Materials relating to Financial General Bankshares, Inc........ Transcript of informal closed meeting at Federal Reserve Board, April 23, |