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· HEARINGS

BEFORE THE

- COMMITTEE ON BANKING AND CURRENCY.

UNITED STATES SENATE
EIGHTY-SECOND CONGRESS

SECOND SESSION

A ROUND-TABLE CONFERENCE ON CURRENT PROBLEMS
WITH RESPECT TO FHA-INSURED AND VA-
. GUARANTEED MORTGAGE

FINANCING

FEBRUARY 6, 7, AND 8, 1952

Printed for the use of the Committee on Banking and Currency

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COMMITTEE ON BANKING AND CURRENCY

BURNET R. MAYBANK, South Carolina, Chairman J. W. FULBRIGHT, Arkansas

HOMER E. CAPEHART, Indiana A. WILLIS ROBERTSON, Virginia

JOHN W. BRICKER, Ohio JOHN J. SPARKMAN, Alabama

IRVING M. IVES. New York J. ALLEN FREAR, JR., Delaware

ANDREW F. SCHOEPPEL, Kansas PAUL H. DOUGLAS, Illinois

EVERETT M. DIRKSEN, Illinois WILLIAM BENTON, Connecticut BLAIR MOODY, Michigan

A. LEE PARSONS, Clerk

Jos. P. MCMURRAY, Staff Director
II

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The following-named participated in or submitted statements concerning

the discussion on mortgage financing:

Bartelt, Edward, Fiscal Assistant Secretary of the Treasury----

Bliss, George L., chairman, legislative committee, United States

Savings and Loan League.

Brockbank, Alan, president, National Association of Home Builders.

67, 75, 77, 83, 89, 92

Camp, Ehney P., vice president, Liberty National Life Insurance Co. 38,

43, 54, 69, 75, 81, 95

Clarke, W. A., president, W. A. Clarke Mortgage Co.

50, 64, 66, 78, 89, 90

Carpenter, Norman, vice president, Metropolitan Life Insurance Co. 69

Coogan, Thomas P., Director, Armed Forces Housing Agency,

Defense Department.--

----- 46, 69, 83,

Costa, Aubrey M., president, Mortgage Bankers Association of

America.-----

------ 11, 48, 68, 92, 96

Divers, William K., Chairman, Federal Home Loan Bank Board'-_-23, 88

Foley, Raymond M., Administrator, Housing and Home Finance

Agency ----------

------- 7, 16, 35, 42, 65, 84, 88, 89, 91,

Held, Harry, vice president, Bowery Savings Bank ------------ 17, 69,

Jewett, J. G., vice president, Prudential Life Insurance Co---

Josephs, D. Ć., president, New York Life Insurance Co ----------- 6, 99

King, T. B., Director, Loan Guaranty Service, Veterans' Adminis-
tration.-------

---- 9, 20, 64, 100

Klein, Clarence C., president, National Association of Housing

Officials.--

106

Kreutz, Oscar R., executive manager, National Savings and Loan

League --

Martin, William McC., Chairman, Board of Governors, Federal

Reserve System.---

Morgan, Robert E., vice president, Boston Five Cents Savings Bank, 71,

Pratt, Robert E., president, Institutional Securities Corp----

Pringle, J. Maxwell, manager, FHA-insured mortgage department,

Stern, Lauer & Co., New York, N. Y.--.

107

Reuther, Walter, chairman, national housing committee, CIO.------ 109

Richards, Franklin D., Commissioner, Federal Housing Administra-

------ 9, 37, 42, 49, 51, 54, 57, 64, 65, 110

Robbins, Ira, chairman, board of directors, National Housing Confer-

ence, Inc.---

129

Scully, John J., vice president, Chase National Bank -- ------- 27, 31, 62

Shishkin, Boris, secretary, housing committee, American Federation

of Labor.--

130

Smith, Ward A., president, National Association of Real Estate

Boards..

132

Tapp, Jesse W., executive vice president, Bank of America----- 63, 89
The following organizations were represented:

Council of Economic Advisers, Roy Blough and Karl Arndt.
Federal Housing Administration, Franklin D. Richards.
Federal Reserve Board, William McC. Martin and Guy E. Noyes.
Home Loan Bank Board, William K. Divers.
Housing and Home Finance Agency, Raymond M. Foley and B. T. Fitz-

patrick.
Treasury Department, Edward Bartelt. :
Veterans' Administration, T. B. King.
Defense Department, Thomas P. Coogan.
American Federation of Labor, Boris Shishkin.

------------------

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