Providing for Control and Regulation of Bank Holding Companies: Hearings Before the Committee on Banking and Currency, United States Senate, Eightieth Congress, First Session, on S. 829... May 26, June 2 and 11, 1947U.S. Government Printing Office, 1947 - 186 pages |
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... interests .. Page 31 43 9 , 162 31 47 97 , 151 9 70 1 101 102 Federal Reserve Bank of Chicago , Detroit branch , letter , June 23 , 1947 , and attached resolution .. 186 Federal Reserve System , Board of Governors , letter , June 2 ...
... interests .. Page 31 43 9 , 162 31 47 97 , 151 9 70 1 101 102 Federal Reserve Bank of Chicago , Detroit branch , letter , June 23 , 1947 , and attached resolution .. 186 Federal Reserve System , Board of Governors , letter , June 2 ...
Page 1
... interest or for the protection of investors or depositors that such company be subject to the obligations , duties and liabili- ties imposed in this Act upon bank holding companies . 1 The Board , upon application , shall by order declare.
... interest or for the protection of investors or depositors that such company be subject to the obligations , duties and liabili- ties imposed in this Act upon bank holding companies . 1 The Board , upon application , shall by order declare.
Page 3
... INTERESTS IN NONBANKING ORGANIZATIONS .— ( a ) Except as otherwise provided in this Act it shall be unlawful for any bank ... interest . ( b ) The prohibitions in this section shall not apply to voting shares or other securities or ...
... INTERESTS IN NONBANKING ORGANIZATIONS .— ( a ) Except as otherwise provided in this Act it shall be unlawful for any bank ... interest . ( b ) The prohibitions in this section shall not apply to voting shares or other securities or ...
Page 9
... interest and competence of the Federal Reserve Board , we have no views to express as to the merits of the bill generally . That is signed by James J. Caffrey , Chairman of the Securities Exchange Commission . Now we will hear from the ...
... interest and competence of the Federal Reserve Board , we have no views to express as to the merits of the bill generally . That is signed by James J. Caffrey , Chairman of the Securities Exchange Commission . Now we will hear from the ...
Page 10
... interests , such as represented by the groups which I have enumerated , agreeing upon a bill it should have a good deal of merit . It represents without question some compromises , but at the same time , without some compromises ...
... interests , such as represented by the groups which I have enumerated , agreeing upon a bill it should have a good deal of merit . It represents without question some compromises , but at the same time , without some compromises ...
Common terms and phrases
acquire affiliates amendments American General Corp approval assets authority bank holding company Bank of America bank stocks Bankers Association Banking Act banking business BEASLEY bill branch banking Calif certificates CHAIRMAN comakers committee Comptroller Congress controlled banks Currency Deposit Insurance Corporation directors dividends ECCLES existing fact FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve System Giannini holders Holding Company Act HUNTINGTON independent bankers Industrial Bank interest Investment Company Act Kentucky legislation loan majority member banks ment monopoly Morris Plan banks Morris Plan Corp National Bank nonbanking officers operations pany percent person president purchase purpose referred registered investment company regulation Reserve Act 12 Senator BUCK Senator CAIN Senator FLANDERS Senator ROBERTSON shareholders Shawmut Association Spokane statement Statutes stockholders subsidiary banks thereof tion TOBEY Total Transamerica trust estate Trustees United States Senate voting permit voting shares
Popular passages
Page 8 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.
Page 6 - That any person who shall neglect or refuse to attend and testify, or to answer any lawful inquiry, or to produce documentary evidence, if in his power to do so, in obedience to the subpoena or lawful requirement of the commission...
Page 6 - No objection to the order of the Board shall be considered by the court unless such objection shall have been urged before the Board or unless there were reasonable grounds for failure so to do.
Page 6 - If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for failure to adduce such evidence in the hearing...
Page 6 - ... and any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Page 90 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 6 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him, may tend to incriminate him or subject him to a penalty or forfeiture; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination...
Page 5 - Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Page 6 - Board, its member, agent, or agency, there to produce evidence if so ordered, or there to give testimony touching the matter under investigation or in question ; and any failure to obey such order of the court may be punished by said court as a contempt thereof.
Page 7 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.