Bank Mergers and Concentration of Banking Facilities: A Staff Report to Subcommittee No. 5 of the Committee on the Judiciary, House of Representatives

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Page 70 - Bank holding company" means any company (1) that directly or indirectly owns, controls, or holds with power to vote 25 per centum or more of the voting shares of each of two or more banks or of a company that is or becomes a bank holding company...
Page 71 - Act, or (2) which controls in any manner the election of a majority of the directors of each of two or more banks...
Page 71 - Two years after the effective date of this Act, it shall be unlawful for a bank holding company to own shares in a non-banking company with certain exceptions.
Page 10 - branch" as used in this section shall be held to include any branch bank, branch office, branch agency, additional office, or any branch place of business located in any State or Territory of the United States or in the District of Columbia at which deposits are received, or checks paid, or money lent.
Page 51 - No insured bank shall merge or consolidate with any other insured bank or, either directly or indirectly, acquire the assets of, or assume liability to pay any deposits made in, any other insured bank without the prior written consent (i) of the Comptroller of the Currency...
Page 51 - District bank). * * * lu granting or withholding consent under this subsection, the Comptroller, the Board, or the Corporation, as the case may be, shall consider the...
Page 5 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 70 - Defines a bank holding company as one which controls 15 percent or more of the voting shares of each of two or more banks (unless found by the Federal Reserve Board not to exercise control which requires regulation under this act) ; any bank which directly or indirectly owns, controls, or holds with power to vote 15 percent of the voting shares of one or more other banks or of one bank operating one or more branches, or, a company which the...
Page 32 - Monetary Policy and the Management of the Public Debt," Hearings before the Subcommittee on General Credit Control and Debt Management of the Joint Committee on the Economic Report, March 10-31, 1952. 993 p. $2.25. "Monetary Policy and the Management of the Public Debt," Report of the Subcommittee on General Credit Control and Debt Management of the Joint Committee on the Economic Report.
Page 51 - ... (A) the Comptroller of the Currency if the acquiring, assuming, or resulting bank is to be a national bank or a District bank; (B) the Board of Governors of the Federal Reserve System if the acquiring, assuming, or resulting bank is to be a State member bank (except a District bank...

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