HEARINGS BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON BANKING AND CURRENCY SEVENTY-FOURTH CONGRESS FIRST SESSION ON S. 1715 and H. R. 7617 BILLS TO PROVIDE FOR THE SOUND, EFFECTIVE, AND [CONSOLIDATED] APRIL 19 TO JUNE 3, 1935 Printed for the use of the Committee on Banking and Currency ROBERT J. BULKLEY, Ohio WILLIAM GIBBS MCADOO, California PETER NORBECK, South Dakota 1 Death occurred during the progress of the hearings, Monday, May 6, 1935. II CONTENTS Aldrich, Winthrop W., chairman the Chase National Bank of the city of Allendoerfer, Carl, vice president, First National Bank, Kansas City, Mo. 241 435, 478 Andrew, L. A., formerly superintendent of banks, State of Iowa; recently Awalt, F. G., Deputy Comptroller of the Currency. Beattie, F. F., president First National Bank, Greenville, S. C... Birdzell, L. E., general counsel Federal Deposit Insurance Corporation.. Bodfish, Morton, executive vice president, United States Building & Loan Crowley, Leo T., chairman of the board Federal Deposit Insurance Cor- 254 906 375 667 279, 313 Eccles, Marriner S., Governor of the Federal Reserve Board. Evans, Elwyn, representing the clearing-house banks, Wilmington, Del.- Ferguson, Frank C., president of the Hudson County National Bank, Field, William J., president of the Commercial Trust Co. of New Jersey, Frost, Joseph H., member, Federal Advisory Council, representing the Graettinger, M. A., executive vice president, Illinois Bankers Association, Hamilton, Willard, president Florida Bankers' Association, Orlando, Fla Hamlin, Charles, S., member, Federal Reserve Board, Washington, D. C. Hanes, Robert M., president Wachovia Bank & Trust Co., Winston- Heinman, Henry H., executive manager National Association of Credit 524 777 934 563 891 515 Harriss, Robert, New York Cotton Exchange, New York, N. Y. Hughes, James H., Jr., director and counsel, Delaware Trust Co., Wil- 268 James, George R., member Federal Reserve Board, Washington, D. C... Jones, Millard F., vice president Planters National Bank & Trust Co., Kemmerer, Edwin Walter, Walker professor of international finance, Kennedy, Edward E., secretary National Farmers Union, Kankakee, Ill. Langford, H. Grady, president Georgia Bankers Association, Atlanta, Ga Law, Francis M., president First National Bank of Houston, Tex. -- LeBlanc, George L., New York, N. Y.. Leob, Howard A., vice president Federal Advisory Council, representing the Third Federal Reserve District; chairman Tradesmen's National 355 325 743, 765 Nahm, Max B., director Federal Reserve Bank, St. Louis, Mo.; vice O'Connor, J. F. T., Comptroller of the Currency. 503 510 61, 99, 119, 143, 159, 177 Ridgely, Henry, president of the Farmers Bank of the State of Dela- Rogers, W. H., president Florida Bar Association, and member of the executive committee of the Florida National Bank, Jacksonville, Fla. Smith, Walter W., president Federal Advisory Council; president First Snyder, Frederick S., member, special committee on banking legislation Steele, Thomas M., member, Federal Advisory Council, representing the Stern, J. David, editor Philadelphia Record, Philadelphia, Pa. Szymczak, M. S., member, Federal Reserve Board, Washington, D. C..- N. Y Thomas, J. J., vice governor, Federal Reserve Board, Washington, D. C.. 964 Woods, J. E., president the Teague National Bank, Teague, Tex.. Young, Owen D., chairman of the board, General Electric Co., New York, Zimmerman, Charles F., president First National Bank, Huntingdon, Pa. 733 Losses to depositors in suspended commercial banks, July 1, 1864, to Earnings, expenses, losses, and profits of national banks' averages for Newly licensed banks grouped according to volume of total deposits by Reconstruction Finance Corporation purchases of capital obligations of Summary of hypothetical projection of a deposit-insurance corporation's Disposition of licensed national banks which failed following the banking Letter on letterhead of George B. Buck, consulting actuary, Treasury |