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SUBCOMMITTEE OF THE
COMMITTEE ON BANKING AND CURRENCY
UNITED STATES SENATE
VARIOUS BILLS TO AMEND THE FEDERAL
MAY 12, 13, 14, 15, 19, 20, 21, AND 22, 1958
Printed for the use of the Committee on Banking and Currency
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1958
COMMITTEE ON BANKING AND CURRENCY
J. W. FULBRIGHT, Arkansas, Chairman A. WILLIS ROBERTSON, Virginia
HOMER E. CAPEHART, Indiana JOHN J. SPARKMAN, Alabama
JOHN W. BRICKER, Ohio J. ALLEN FREAR, JR., Delaware
WALLACE F, BENNETT, Utah PAUL H. DOUGLAS, Illinois
PRESCOTT S. BUSH, Connecticut A. S. MIKE MONRONEY, Oklahoma
J. GLENN BEALL, Maryland JOSEPH S. CLARK, Pennsylvania
FREDERICK G. PAYNE, Maine WILLIAM PROXMIRE, Wisconsin
CLIFFORD P. CASE, New Jersey
J. H. YINGLING, Chief Clerk
ROBERT A. WALLACE, Staff Director
JOHN J. SPARKMAN, Alabama, Chairman J. W. FULBRIGHT, Arkansas
HOMER E. CAPEHART, Indiana PAUL H. DOUGLAS, Illinois
PRESCOTT S. BUSH, Connecticut A.S. MIKE MONRONEY, Oklahoma
J. GLENN BEALL, Maryland JOSEPH S. CLARK, Pennsylvania
FREDERICK G. PAYNE, Maine
JACK CARTER, Staff Director
S. J. Res. 153
S. J. Res. 171.
Staff memorandum, Notes on housing activity-.
Statement of -
Albert, Silas F., Grand Rapids, Mich.; Walter J. Gill, Newark, N. J.,
and John C. Williamson, director, division of governmental affairs,
National Association of Real Estate Boards.-
Arrington, John H., chief, accompanied by Harlow W. Harvey, Jr.,
Family Housing Division, Office of the Assistant Secretary of De-
fense; and Andrew C. Mayer, Office of General Counsel, Depart-
ment of Defense.
Bartlett, E. L., a Delegate in Congress from the Territory of Alaska.
Baughman, J. Stanley, President, Federal National Mortgage Asso-
Bent, James E., chairman, legislation committee; accompanied by
Harold P. Braman, managing director, National League of Insured
Bible, Alan, a United States Senator from the State of Nevada
Boyd, Roland, general counsel, accompanied by Hub Hill
Hamilton Shields, vice president, and Charles A. Knott, secretary-
treasurer, Wherry Housing Association.--
Bubb, Henry A., chairman, legislative committee; accompanied by
Stephen Slipher, staff vice president; and T. Bert King, Washington
counsel, United States Savings & Loan League -
Bunn, Rev. Edward B., S. J., president, Georgetown University,
representing Association of American Colleges --
Caldwell, John T., president, University of Arkansas, representing
the American Association of Land-Grant Colleges and State Uni-
versities, and the State Universities Association
Campbell, Wallace J., director, Washington Office, Cooperative
League of the United States of America
Carter, Robert E., regional vice president and chairman, governmental
affairs committee, National Retail Furniture Association; accom-
panied by Derrick Brooks...
Chapman, Frank G., executive secretary, Maine Municipal Associa- Page
Cole, Albert M., Administrator, Housing and Home Finance Agency. 69, 725
Curtis, Thomas B., a Representative in Congress from the State of
Dilworth, Richardson, mayor, Philadelphia, Pa., United States Con-
ference of Mayors; accompanied by William L. Rafsky, development
coordinator, Philadelphia, Pa.---
Feiss, Carl, chairman, committee on community planning, American
Institute of Architects.
Flynn, Frank P., Jr., cochairman, legislative committee, accompanied
by Pat Harness, executive vice president, Home Manufacturers
Gerholz, Robert, on behalf of the Chamber of Commerce of the
United States; accompanied by James F. Steiner, manager, and
Joseph J. Honick, assistant manager, construction and civic de-
velopment department, Chamber of Commerce of the United States 454
Graves, Joseph, Executive Secretary, Voluntary Home Mortgage
Haas, John H., executive secretary, Metropolitan Association of
General Improvement Contractors, Washington, D. C.
Hazeltine, John C., Commissioner, Community Facilities Adminis-
Higgins, John, Back of the Yards Social Action Club, Chicago, Ill.. 470
Houser, Mrs. Jency Price..
Javits, Jacob K., a United States Senator from the State of New York. 609
Jones, Dr. Lewis Webster, president, Rutgers University, representing
American Council on Education.
Keyserling, Leon H., consulting economist, president, Conference on
Economic Progress, Washington, D. C..
Langan, Joseph, mayor, Mobile, Ala., United States Conference of
Lee, Richard C., mayor; accompanied by Edward J. Logue, develop-
ment administrator, New Haven, Conn.; representing the American
Lowell, Stanley H.: accompanied by Edward D. Hollander, national
director, Americans for Democratic Action ---
Martin, William McChesney, Jr., chairman; accompanied by Winfield
W. Riefler, assistant to the chairman; and 'Ralph Å. Young, Director,
Division of Research and Statistics, Federal Reserve Board.-
Mason, Norman P., Commissioner, Federal Housing Administra-
McLain, George, president, accompanied by Frankie Childers, legisla-
tive assistant; Robert Brown, housing director; and Richard
Longhhead, National Institute of Social Welfare..
Meegan, Joseph, executive secretary, Back of the Yards Social Action
Club, Chicago, I..
Mullins, Dr. David W., executive vice president, Alabama Polytechnic
Institute, Auburn, Ala., representing the Association for Higher
Education of the National Education Association.
Murrell, Mrs. Anne, Back of the Yards Social Action Club, Chicago,
Mustin, George T., chairman, legislative committee; accompanied by
Frank C. Bateman, executive director, American Nursing Homes
Nesbitt, Mrs. Ruth Hankins, representing American Council on
Ogle, J. Orlando, president; accompanied by Dr. William L. C.
Wheaton, chairman, board of directors, National Housing Con-
O'Grady, Rt. Rev. John, secretary, National Conference of Catholic
Packard, Arthur J., chairman, governmental affairs committee and
M. O. Ryan, Washington, representative, American Hotel Associa-
Reilly, John A., on behalf of the American Bankers Association. 474
Richardson, Elliot L., Acting Secretary; accompanied by Dr. Lloyd
Blauch, Assistant Commissioner for Higher Education, Office of
Education; Dr. George C. Decker, Chief of Campus Planning De-
partment, Office of Higher Education; Dr. Robert Bokelman,
Specialist in College and University Business Management; and
Theodore Ellenbogen, Legislative Attorney, Office of General
Counsel, Department of Health, Education, and Welfare.
Robertson, Albert J., Chairman; accompanied by William J. Hallahan,
member, and Ira A. Dixon, member, Federal Home Loan Bank
Robins, Dr. Q. B., accompanied by James W. Foristel, legal adviser,
American Medical Association.
Ryan, William, vice president; accompanied by Leonard Bursten,
counsel, First State Mortgage Co., Miami, Fla.
Seliga, Emil, Back of the Yards Social Action Club, Chicago, Ill. ---
Severin, Nels G., president; accompanied by Carl Mitnick, first vice
president; Martin Bartling, second vice president; Herbert S.
Colton, general counsel; and Joseph B. McGrath, legislative director,
National Association of Home Builders
Shishkin, Boris, secretary housing committee: accompanied by
Bert Seidman, economist, research department, AFL-CIO...
Slusser, Charles E., Commissioner, Public Housing Administration --
Steiner, Richard L., Commissioner, Urban Renewal Administration..
Tharpe, Robert, accompanied by Samuel E. Neel, general counsel,
on behalf of the Mortgage Bankers Association of America.
Tripp, Philip F., president; accompanied
by Knox Banner, immediate
past president, and Lawrence M. Cox, chairman, redevelopment
section, National Association of Housing and Redevellpment
Wellman, Charles E., executive vice president, Glendale Federal
Savings & Loan Association, Glendale, Calif.....
Wetmore, Louis B., president, American Institute of Planners--
Wilson, William L., vice chairman, council on Government relations;
accompanied by Kenneth Williamson, associate director, American
Yeilding, Frank B., Jr., president, Jefferson Federal Savings & Loan
Association, Birmingham, Ala---
Letters, statements, memorandums, etc., submitted for the record by-
Albert, Silas F., Grand Rapids, Mich., National Association of Real
Estate Boards: Statement..
American Bankers Association:
Letter on S, 2791.---
Supplemental statement on S. 2791..
American Council on Human Rights: Table, present and proposed
residential reuse, 138 projects -
American Federation of Labor-Congress of Industrial Organizations:
Letter on S. 2791...
American Life Convention and Life Insurance Association of America:
Letter on S. 2971.----
American Municipal Association:
Urban renewal recommendations.
Bills on redevelopment passed by Connecticut General Assembly
Excerpt from Rockefeller report, Problem Areas in a Growth
American Nursing Homes Association:
Survey of available nursing and convalescent homes..
Letters from State associations and homes-
Association of College Unions, Edgar A. Whiting, secretary: Letter to
Beall, J. Glenn, a United States Senator from the State of Maryland:
Bodfish, Morton, chairman, First Federal Savings and Loan Associa-
tion of Chicago: Statement--