JOINT COMMITTEE ON THE ECONOMIC REPORT,

CONGRESS OF THE UNITED STATES
EIGHTY-SECOND CONGRESS

SECOND SESSION

PURSUANT TO

Section 5 (A) of Public Law 304

(79th Congress)

97308

MARCH 10, 11, 12, 13, 14, 17, 18, 19, 20, 21, 24, 25, 26, 27,
28, AND 31, 1952

Printed for the use of the Joint Committee on the Economic Report

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1952

HG181
• A412
1952

JOINT COMMITTEE ON THE ECONOMIC REPORT
(Created pursuant to sec. 5 (a) of Public Law 304, 79th Cong.)

JOSEPH C. O'MAHONEY, Wyoming, Chairman
EDWARD J. HART, New Jersey, Vice Chairman

R.V. 8. 22 My S

CONTENTS

106

Statement of:

Page

Appleby, Paul, dean of the Maxwell School of Citizenship and Public
Affairs of Syracuse University---

573

Bell, James Washington, chairman, Department of Economics,
Northwestern University (submitted).

911

Blough, Roy, member, Council of Economic Advisers.

248

Brown, Edward Eagle, chairman, board of directors of the First

National Bank of Chicago__--

565

407

Bryan, Malcolm, president, Federal Reserve Bank of Atlanta__.

Cook, H. Earl, member Board of Directors, Federal Deposit Insurance

Corporation, accompanied by E. H. Cramer and L. L. Robertson,

of the Federal Deposit Insurance Corporation_---

Cumberland, W. W., Ladenburg, Thalmann & Co., New York City

(submitted)

Economists' National Committee on Monetary Policy, New York, a
submitted statement by 63 members.

868

922

940

Fennelly, John F., Investment Bankers Association of America, ac-
companied by Robert Craft, vice president, Guaranty Trust Co.
of New York___

344

Folsom, Marion B., Chairman, Board of Trustees, Committee for Eco-

nomic Development--.

291

Harris, Seymour E., professor of economics, Harvard University--- 355, 380

Hemingway, W. L., American Bankers Association.
Kemmerer, Donald L., professor of American economic history,
University of Illinois (submitted) _.

324

926

143,

154, 185, 269

389

Keyserling, Leon H., chairman, Council of Economic Advisers__

Lanston, Aubrey G., president, accompanied by Leroy M. Piser, vice

president in charge of research, Aubrey G. Lanston & Co., Inc____

Martin, William McC., Jr., Chairman, Board of Governors of the
Federal Reserve System__

Pollock, Dr. James K., professor of political science and chairman of
the department of political science, University of Michigan_-__-
Powell, Oliver S., Chairman, National Committee, Voluntary Credit
Restraint Program, and member of the Board of Governors, of the
Federal Reserve System, accompanied by George B. Vest, Robert C.
Masters, Charles H. Schmidt, and Harold L. Cheadle___
Preston, Howard H., professor of money and banking, University of
Washington (submitted)

73, 99

584

463

928

Robinson, Leland Rex, professor of political economy, New York Uni-
versity (submitted).

932

Ruml, Beardsley_

552

Shanks, Carrol M., president of Prudential Insurance Co. of America,

and chairman, committee on inflation control of the American Life

Convention and the Life Insurance Association of America____.

Snyder, John W., Secretary of the Treasury, accompanied by mem-

bers of the Treasury staff...

442

7, 45

Sonne, H. Christian, chairman, board of trustees, National Planning

Association__

843

Spahr, Walter E., professor of economics, New York University (sub-

mitted)

935

Sproul, Allan, president, Federal Reserve Bank of New York_.
Thomson, J. Cameron, chairman, Committee on Monetary, Fiscal and
Debt Policy, Committee for Economic Development_-_.

Trant, James B., dean, College of Commerce, and professor of money

and banking, Louisiana State University (submitted).

Wiggins, A. L. M., chairman, board of directors, Atlantic Coast Line
Railroad Co., and associated railroad companies___.