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INDEX TO HEARINGS

305

INDEX TO HEARINGS HELD AUGUST 2, 3, AND 4, 1966

A

Admiral Motor Hotel of Texas.
AMCAP Investments, Inc----
American Bankers Association.-
American Business Capital Corp-

Capital impairment--
Government funds held by--
Sale of profitable stock held by, to individual stockholders.
SBA examination..

Summary-
American Business Capital Foundation..
Andrews, Dudley--
Appropriations committees..

Page
96, 285
205–207

3, 30, 58
64-66, 68, 71

66

67
64, 65, 67

66
64

295
164, 165, 182

27, 53, 260

B

BAMG Corp--

118, 125–128, 148, 163–168, 172, 180_183, 192, 193, 290
Bankers Trust Co.-N.Y.-

86
Banking and Currency Committee--

3,6
Baum, Howard..

205, 207, 212
Birch, D. H.-

225
Bloomington Small Business Investment Co-- 196–209, 211, 212, 227, 233–240, 291
Bond coverage--

238
Borrowed funds, purchased with.

196, 208
Chatham Bank loan to--

208, 209, 235, 291
Correspondence between SBA and, re sale of additional stock_ 235, 236
Dissolved by court order.---

196, 237
Dixieland Insurance Agency, transactions with.

205, 206, 291
Financial statement submitted to SBA---

233
Government funds advanced to:
After August 1, 1961.

196, 207, 291
Before August 1, 1961.

196, 291
Illinois corporation---

196
Jefferson County Development Co., transactions with.

204, 205, 291
Justice, Department of, referred to----

235
Koehl, Dean, purchaser--

211
Licensed by SBA May 1, 1959-

196, 234
Loss to Government, estimated.

197, 198, 209, 239, 240, 291
Michigan City Land Development Co., transactions with.

203
Mutual Development Corp., transactions with.---

201, 202, 291
Mutual Mortgage Service, Inc., transactions with.

199, 200, 291
Mutual Sanitation Corp., transactions with.

202, 203, 291
New owners, SBA investigation of_

234
Portfolio of, turned over to U.S. Attorney--

238
Private capital in.--.

208
Rust, Lawrence, original owner.

196, 197, 198, 210
SBA examination of, in July 1963_

235
SBA investigations of --

209, 210
Securities earmarked for SBA, demand for assignment of... 236, 237
Self-serving loans made after August 1, 1961, to companies owned
or controlled by Huette and Koehl.-

199–207, 291
* Tinley Park Savings & Loan Association loans to purchasers of_ 196, 197, 208
Boutin, Bernard L., 5–12, 19–36, 37, 38–47, 49–54, 56, 72, 74, 107, 112, 213, 219,

226, 227, 231, 239, 240, 262, 263, 273, 279, 280–282, 297, 303
Legislative proposals---

10, 11

67–788-66--21

307

- - - - - --

Boutin, Bernard L.-Continued
Small Business Administration (SBA):

Page
Accounting deficiencies.-

10
Administrator of-----

5
Crash program to examine SBIC'S__

18, 19
Deputy Administrator of, appointed by administrator..

11
Justice, Department of, referral of cases to---

10, 34-36
Liquidation section --

53
Loan programs of_-

23, 24
Regular loan programs, new system of handling-

30, 31
SBIC Examination Division :
Changes in procedure_-

20
Number of employees.

18-20
Training of employees.

20
Violations of regulations, handling of_

36, 37
Small Business Investment Act :
Legislative history of---

12-14
Proposal to amend..

11
Small business investment company program:
Accounting deficiencies

22
Accounting practices

7
Bootstrapping

38, 39
Capital, impairment of.---

10
Capitally impaired companies under, treatment of-

43, 44
Change of control..

7, 22, 47, 48
Common control

8
Conflicts of interest.

7, 8, 36
Cross-dealing

39
Definition

39
Statement on

40
Violation of regulations.

39
Debentures and loans disbursed by SBA, by fiscal year.

18
Defalcation bonds_

50
Equity capital.-

27, 28, 32, 43, 44
Examination and investigation deficiencies---

9, 18
Examinations and investigations conducted, by fiscal year.-

15
Fees

21, 53
Fidelity bonds...

50, 51, 52
Government funds available---

5, 22
Information lag and deficiency-

9, 18
Investments, total..

5
Interest rates---

40, 41
Lending practices..

7
Licensees, inactive or dormant, funds involved.---

7, 46, 47
Licenses in force and companies reporting, comparison of.

15
Licensing :
Activity by fiscal year.

14, 29, 33
Freeze on.-

6
Investigation of applicants..

22
Standards

8, 14
Maximum amount an SBIC may borrow-

48, 49, 50
Metropolitan areas versus small town areas, participation in---- 29, 30
Minimum capital requirements to operate under..

25
Operating costs, source_.

27, 53
Operating plan required under new regulations..

52
Organizing an BIC_

25, 26
Overlines

8, 48, 49
Percentage of SBA program.

27
Private capital invested in.

5
Private investment inadequate--

8
Problem companies :
Capital in, Government and private_.

6, 14
Civil cases, handling of...

35, 36
Classification of_

34
Criminal cases, handling of.--

35, 36
Definition

42
Factors associated with --

27, 28, 31

Boutin, Bernard L.-Continued
Small business investment company program-Continued
Problem companies—Continued

Page
Loss estimates unreliable..

6, 19, 20, 21
Loss to Government-

45, 46
Losses incurred by, distribution of_

31, 32, 43
Number of..-----

19, 33, 34
Status of, June 30, 1966-

14
Profits, source of_.

41, 42
Purpose

5, 19, 28
Real estate loans..

8,9
Relending

9
Repayment of loans.-

44, 45
SBA Deputy Administrator responsible for--

11
Selected financial data of reporting companies.

15, 16, 17
Violators, problems of delay in dealing with.-.

10
Statement before the Subcommittee on Small Business of the Senate
Committee on Banking and Currency, Aug. 24, 1966_

219–223
Boykin, Lykes---

175
Bunge, Jonathan..

85
Bureau for Advanced Housing-

126-128, 164, 165, 172, 182–184, 193, 290
Bureau of Census__

4

C
Campbell, Roger----

218, 219, 225, 235, 237, 238
Bloomington Small Business Investment Co. dissolved by court order-- 237
Frontiers Capital Corp :
Cease-and-desist suspension order--

223
SBA examination report dated November 19, 1965_

223
Small Business Administration :
Assistant general counsel -

218
Authority re violators in small business investment company
program.

219
Cary, Edward L..

102, 103, 104
Cascade Capital Corp--

63, 68, 69, 72
Capital impairment_.

68, 69
SBA estimate of loss.

69
Summary of

63
Cash, Mr.-

92, 94
Central National Bank of Jacksonville, Fla-

96, 285
Certain-Teed Corp----

164, 182
Charles County Land Co-----

123, 154, 289
Charts and tables :
Bloomington Small Business Investment Co.:
Loss to U.S. Government-

291
Self-serving loans made after August 1, 1961, to companies owned
or controlled by Huette and Koehl.--

291
Comparison of number of licenses in force and number of reporting
SBIC's

15
Estimated loss on problem companies (Apr. 30, 1966).

292
Frontiers Capital Corp., self-serving loans and payments to its officers
and agents----

285
Inactive licensees and licensees in process of surrender, June 30, 1966_ 47
Problem companies broken down by different categories_

251
Putnam Investors, Inc. :
Bootstrap financing-

286
Proposal to operate a small business investment company.

287
Self-dealing loans and investments traced to companies owned or
controlled by Finneran, Huck, and Ivey -----

290
Use of Putnam funds for personal purposes by owners--

289
Reporting SBIC’s_Government funds, with deficits (as of Sept. 30,
1965)

292
SBIC debentures and loans disbursed, cumulative through June 30,
1966

18
SBIC examinations and investigations conducted, by fiscal year.-

16
SBIC license activity, by fiscal year---

14, 33
Selected financial data of reporting SBIC'S_.

15, 16, 17
Status of problem SBIC's, June 30, 1966_

14

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