Printed for the use of the Committee on Banking and Currency

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

IRVING M. IVES, New York PAUL H. DOUGLAS, Illinois

WALLACE F. BENNETT, Utah HERBERT H. LEHMAN, New York

PRESCOTT S. BUSH, Connecticut A. S. MIKE MONRONEY, Oklahoma

J. GLENN BEALL, Maryland
WAYNE MORSE, Oregon

FREDERICK G. PAYNE, Maine
J. H. YINGLING, Chief Clerk
ROBERT A. WALLACE, Staff Director

STUDY AUTHORIZED BY THE COMMITTEE ON BANKING AND CURRENCY PURSUANT TO

SENATE RESOLUTION 155, 84TH CONGRESS, 2D SESSION
A. WILLIS ROBERTSON, Virginia, Acting Chairman

DONALD L. ROGERS, Counsel

CONTENTS

Pago

VII

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Statement of Senator A. Willis Robertson.

Recommendations of the Comptroller of the Currency:

Letter of transmittal.--

1. Comptroller of the Currency; salary--

2. Fourth and Fifth Deputy Comptrollers of the Currency-

3. Appointment and classification of clerks...

4. Home Owners' Loan Corporation obligations.

5. Restrict State authorities from subjecting national banks to ex-

aminations and licensing-

6. Contributions by national banks.

7. Change of location of a national bank

8. Consolidations and mergers of banks.

9. Branches retained after consolidation or merger-

10. Capital of outside branches.--

11. School savings programs.

12. Payment of stock in national bank.

13. Unearned dividends --

14. Increase of capital by vote of shareholders -

15. Cumulative voting in the election of national bank directors..

16. Reserves required by holding company affiliates

17. Shareholders' lists..

18. Shareholders individual liability -

19. Shareholders individual liability upon liquidation.

20. Election of national bank directors.-

21. Removed director or officer voting stock.

22. Liabilities of national banks under Reconstruction Finance Cor-

poration Act..

23. Exceptions to 10 percent limit on obligations.

24. Exception to 10 percent limitation on obligations covering dairy

cattle.

25. Loans secured by obligations of the United States.

26. Banking facilities at military posts ---

27. Reserves of national banks outside the United States..

28. Reports made to the Comptroller of the Currency --

29. Report of dividends and net earnings---

30. Shareholder approval of sale of assets in voluntary liquidation.-

31. Personal liability of shareholders in receivership-

32. FDIC as receiver of national bank..

33. Appointment of conservators---

34. Trust activities of national banks.

35. Limitations on real estate loans_

36. Deposits by persons or corporations not supervised by any State

authority -

37. Contributions by the FDIC and the Federal Reserve Board to the

Comptroller---

38. Furnishing confidential information to Federal intermediate

credit banks.---

39. National agricultural credit corporations-

40. Bonds of Home Owners' Loan Corporation as lawful investments -

41. Acting Comptroller of the Currency on Board of the FDIC.--

42. Mergers or consolidations by insured banks..

43. Use of certain words as part of business name.

44. National bank examination reports privileged against disclosure -

45. Merged or consolidated bank as branch office_-.

45A. Administration of pension, profit-sharing, and employee wel-

fare or benefit funds of employees of national banks..

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