DEPOSITORY INSTITUTIONS DEREGULATION

ACT OF 1979

United States. Congress. Serrute Committee on
Banking, Housing, and Urban Affairs

HEARING

BEFORE THE

RY OF CONGRESS

4

SEP 1 & 1979

SUBCOMMITTEE ON FINANCIAL INSTITUTIONS

OF THE

COMMITTEE ON

Ν

BANKING, HOUSING, AND URBAN AFFAIRS.
UNITED STATES SENATE

NINETY-SIXTH CONGRESS

FIRST SESSION

ON

S. 1347

AND TO

TO PROVIDE IMPROVED CONSUMER SERVICES
STRENGTHEN THE ABILITY OF FINANCIAL INSTITUTIONS
TO ADJUST TO CHANGING ECONOMIC CONDITIONS

pt. 3 added bton ilalso

CONTENTS

WEDNESDAY, JULY 18, 1979

Opening statement of Senator Proxmire

WITNESSES

Rodney E. Leonard, Deputy Director, U.S. Office of Consumer Affairs..........

Deposit rate ceilings

NOW accounts

Consumer loans

J. Alvin George, chairman, Credit Union National Association

Roy Hollihan, president, National Association of Federal Credit Unions

Thomas F. Bolger, first vice president, Independent Bankers Association

Prepared statement

Summary of court decisions

Major provisions of S. 1347

Cost of share draft program

Henry B. Schechter, director, Department of Urban Affairs, AFL-CIO.

Summary

Authority for transaction accounts is needed.

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