Hearings held on: WITNESSES Albertalli, Roy C., Vice President and Associate General Counsel, Metropoli- tan Life Insurance Company, on behalf of the American Council of Life 63 123 175 429 559 Bracewell, Dr. Joseph S., Chairman and CEO, Century National Bank, on Klagholz, James R., Co-owner, C.N. Sterling Associates, Inc., on behalf of the Independent Insurance Agents of America, National Association of Life Lackritz, Marc E., President, Securities Industry Association McConnell, William T., Chairman and CEO, Park National Corporation, and ADDITIONAL MATERIAL SUBMITTED FOR THE RECORD Albertalli, Roy C.: Written responses to questions submitted by Hon. Bruce F. Vento Klagholz, James R.: Written responses to questions submitted by Hon. Bruce F. Vento....... Letter to Hon. Marge Roukema dated February 6, 1997 Written responses to questions submitted by Hon. Bruce F. Vento 380 422 Downey, John, Executive Director, Office of Thrift Supervision Greenspan, Hon. Alan, Chairman, Board of Governors, Federal Reserve Sys- Helfer, Hon. Ricki, Chairman, Federal Deposit Insurance Corp. 98 100 95 Fink. Michael, on behalf of the National Association of Home Builders Fishbein, Allen J., General Counsel, Center for Community Change Pledger, James L., Chairman, American Council of State Savings Supervisors Taylor, John E., President and CEO, National Community Reinvestment Volcker, Hon. Paul A.: Written responses to questions submitted by Hon. Bruce F. Vento 572 The subcommittee met, pursuant to call, at 10:40 a.m., in room 2128, Rayburn House Office Building, Hon. Marge Roukema [chairwoman of the subcommittee] presiding. Present: Chairwoman Roukema, Representatives Metcalf, Barr, Kelly, Paul, Ryun, Vento, LaFalce, Maloney, Watt, Roybal-Allard, Bentsen and Kilpatrick. Chairwoman ROUKEMA. The hearing will come to order. We certainly hope that more Members will be arriving shortly in the near term. I certainly thank all the Members of the subcommittee as well as our panelists for being so understanding in that we have had to reschedule the hearing today and delay the beginning of the hearing because of a meeting that I was involved in at the White House as a Member of a bipartisan group of cosponsors to campaign financing reform. The President had called the meeting of those cosponsors, and it was quite productive. But I appreciate your indulgence and your understanding. There are lots of things to be done, lots of issues on the agenda this year. But, White House or not, I certainly hope that this issue that we are here today to discuss will be at the top of everyone's agenda. But our work is cut out for us, and we are initiating that today. As the Chairwoman of the subcommittee, I welcome my colleagues. I certainly welcome Congressman Vento, our Ranking Member here today, and hope that this will be the beginning of a long and very productive, I am sorry, not a long, a short and very productive series of procedures whereby we will be coming up with major landmark legislation. Today, we are initiating the hearings of the Banking Committee to address financial services modernization in general and the Depository Institution and Thrift Charter Conversion Act, H.R. 268, specifically. This is the first in a series of hearings where the issues confronting our Nation's financial institutions will be fully examined and analyzed. This is the second chapter, as I see it, of a long search for a legislative process to culminate with Congress passing landmark legislation. That is my stated intention, landmark reform legislation, (1) |