FINANCIAL SERVICES MODERNIZATION HEARINGS BEFORE THE SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER CREDIT OF THE COMMITTEE ON BANKING AND HOUSE OF REPRESENTATIVES ONE HUNDRED FIFTH CONGRESS FIRST SESSION FEBRUARY 11, 13, 25, 1997 Printed for the use of the Committee on Banking and Financial Services Serial No. 105-1 38-389 CC U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1997 For sale by the U.S. Government Printing Office Superintendent of Documents, Congressional Sales Office, Washington, DC 20402 38-389 97 - 1 HOUSE COMMITTEE ON BANKING AND FINANCIAL SERVICES JAMES A. LEACH, Iowa, Chairman MARGE ROUKEMA, New Jersey ROBERT L. EHRLICH JR., Maryland JON D. FOX, Pennsylvania DAVE WELDON, Florida VINCE SNOWBARGER, Kansas BOB RILEY, Alabama STEVEN C. LATOURETTE, Ohio HENRY B. GONZALEZ, Texas PAUL E. KANJORSKI, Pennsylvania JOSEPH P. KENNEDY II, Massachusetts LUCILLE ROYBAL-ALLARD, California JESSE L. JACKSON JR., Illinois BERNARD SANDERS, Vermont |