Сарикане

SILVER PRICES AND THE ADEQUACY OF FEDERAL

ACTIONS IN THE MARKETPLACE, 1979-80

HEARINGS

BEFORE A

SUBCOMMITTEE OF THE

COMMITTEE ON

GOVERNMENT OPERATIONS
HOUSE OF REPRESENTATIVES

NINETY-SIXTH CONGRESS

SECOND SESSION

MARCH 31; APRIL 14, 15, 29, 30; MAY 2 AND 22, 1980

Printed for the use of the Committee on Government Operations

65-639 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1980

COMMITTEE ON GOVERNMENT OPERATIONS

JACK BROOKS, Texas, Chairman

10680

Goldburg, Roger, attorney, Shank, Irwin, Conant, Williamson & Grevelle,

Dallas, Tex.; accompanied by Paul L. Perito of Perito, Duerk, Carlson &

Pinco, Washington, D.C.....

Carswell, Robert, Deputy Secretary for Monetary Affairs, Department of

the Treasury.

360

Heimann, John C., Comptroller of the Currency, Department of the

Treasury

Hunt, William Herbert and Nelson Bunker Hunt; accompanied by
Norman J. Barry, attorney, Rothschild, Barry & Myers, Chicago, Ill.;
and Roger Goldburg, attorney, Shank, Irwin, Conant, Williamson &
Grevelle, Dallas, Tex....

Kline, Thomas, Civil Division, U.S. Department of Justice; accompanied
by Clint T. Peoples, U.S. marshal, Northern District of Texas..

Kurtz, Jerome, Commissioner, Internal Revenue Service; accompanied by

Jerold Cohen, Chief Counsel.

Rosenthal, Hon. Benjamin S., a Representative in Congress from the
State of New York, and chairman, Commerce, Consumer, and Mone-
tary Affairs Subcommittee: Opening statement..
Stone, James M., Chairman, Commodity Futures Trading Commission;
accompanied by Read P. Dunn, Robert L. Martin, and David G.
Gartner, Commissioners..

187

212

277

177

365

1

6, 100
Volcker, Paul A., Chairman, Board of Governors, Federal Reserve System 206
Williams, Harold M., Chairman, Securities and Exchange Commission...... 34, 49
Letters, statements, etc., submitted for the record by-

388-411

Carswell, Robert, Deputy Secretary for Monetary Affairs, Department of
the Treasury: Additional material requested by subcommittee....
Deckard, Hon. Joel, a Representative in Congress from the State of
Indiana: February 19, 1980, letter to Chairman Stone, CFTC, from
Commissioner Irving M. Pollack, SEC, re application of the Kansas City
Board of Trade for contract market designation in a future based upon
the Value Line stock market average.

67-83

110-154

Dunn, Read P., Commissioner, Commodity Futures Trading Commission:
Memorandums concerning the Hunts..
Goldburg, Roger, attorney, Shank, Irwin, Conant, Williamson & Grevelle,
Dallas, Tex.: Material concerning motion to quash and vacate

subpena

189-193

Hunt, Nelson Bunker: Additional material requested by subcommit-

tee

334-356

Hunt, William Herbert: Commodity Exchange, Inc., weekly settlement

prices for spot silver, July 1979 to March 1980, and open interests,

January 1979 to March 1980.

284

Kline, Thomas, Civil Division, U.S. Department of Justice: Documents
which relate to service of subpenas on the Hunts.
Kurtz, Jerome, Commissioner, Internal Revenue Service:
Commodity options and futures information....
Additional material requested by subcommittee.

(III)

178-184

368-374

412-435