HEARINGS BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON BANKING AND CURRENCY SEVENTY-FOURTH CONGRESS FIRST SESSION ON S. 1715 A BILL TO PROVIDE FOR THE SOUND, EFFECTIVE, AND PART 1 APRIL 19 TO MAY 13, 1935 Printed for the use of the Committee on Banking and Currency .C. JOHN H. BANKHEAD, Alabama 1 Death occurred during the progress of the hearings, Monday, May 6, 1935. Allendoerfer, Carl, vice president, First National Bank, Kansas City, Andrew, L. A., formerly superintendent of banks, State of Iowa; Crowley, Leo T., chairman of the board, Federal Deposit Insurance Page 241 254 178 174 24, 51, 181 279, 313 Eccles, Marriner S., Governor of the Federal Reserve Board. Ferguson, Frank C., president of the Hudson County National Bank, 257 193 Field, William J., president of the Commercial Trust Co. of New 187 Graettinger, M. A., executive vice president, Illinois Bankers Associa- 237 Hughes, James H., Jr., director and counsel, Delaware Trust Co., Kemmerer, Edwin Walter, Walker professor of international finance, O'Connor, J. F. T., Comptroller of the Currency--- 61, 99, 119, 143, 159, 177 Ridgely, Henry, president of the Farmers Bank of the State of Dela- 265, 275 Sprague. Oliver M. W. (Dr.). professor of banking and finance, Warburg, James P., vice chairman Bank of the Manhattan Co., Wiener, F. B., assistant solicitor of the Department of the Interior__ TABLE OF EXHIBITS Losses to depositors in suspended commercial banks, July 1, 1864 to June Earnings, expenses, losses, and profits of national banks' averages for 1918-30, compared with 6 months ending December 31, 1933_-_. Newly licensed banks grouped according to volume of total deposits by class of bank-July 1, 1933 to December 31, 1934_ Reconstruction Finance Corporation purchases of capital obligations of Supplemental data submitted by Leo T. Crowley- Letters submitted by Governor Winship--- Summary of explanation of object of proposed amendments contained in Summary of hypothetical projection of a deposit-insurance corporation's operating statements, period January 1, 1921 to March 15, 1933-- Disposition of licensed national banks which failed following the banking Letter on letterhead of George B. Buck, consulting actuary, Treasury Statement of activities of the Department of Justice--- Memorandum concerning title I, Banking Act of 1935, as introduced in Statement regarding examinations and liquidations__ Amendments proposed by Governor Eccles to title II of S. 1715- Paper eligible for rediscount with Federal Reserve banks as reported by member banks on selected call dates, October 3, 1928 to December 31, Average number of officers and employees of the Federal Reserve banks |