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сяОЯИАТг 2319AgG

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COMMITTEE ON BANKING AND CURRENCY

CHARLES W. TOBEY, New Hampshire, Chairman C. DOUGLASS BUCK, Delaware

ROBERT F. WAGNER, New York HOMER E. CAPEHART, Indiana

BURNET R. MAYBANK, South Carolina RALPH E. FLANDERS, Vermont

GLEN H. TAYLOR, Idaho HARRY P. CAIN, Washington

J. W. FULBRIGHT, Arkansas JOHN W. BRICKER, Ohio

A. WILLIS ROBERTSON, Virginia
JOSEPH R. MCCARTHY, Wisconsin

JOHN J. SPARKMAN, Alabama
ROBERT C. HILL, Clerk

Statement by-

Page

Beasley, Robert S., vice president, Beverly Hills National Bank &

Trust Co., Beverly Hills, Calif.

31

Du Bois, Ben, secretary, Independent Bankers Association, Sauk

Centre, Minn.

43

Eccles, Marriner S., Board of Governors, Federal Reserve System,

Washington, D. Č..

9, 162

Hollister, R. F., executive manager, Independent Bankers Association

of the Twelfth Federal Reserve District.

31

Huntington, Ellery C., Jr., president, Morris Plan Corp. of America,

,

New York, N. Y.

Morris, Arthur J., chairman of the board, Morris Plan Corp. of

America, New York, N. Y..-

97, 151

Townsend, J. L., assistant general counsel, Federal Reserve System,
Washington, D. C..

9

Bill, letters, statements, etc., submitted for the record:

American Banker, statement of November 18, 1946, “Forty-four

of Eighty-one Morris Plan Institutions Have Changed Names as

Banking Move

70

Bill S. 829..

1
Equity Corp., American General Corp., Morris Plan Corp. of Amer-
ica, list of banks in group, November 15, 1947-

101
Equity Corp., chart of voting interests.

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, 1947, to

Hon. Charles W. Tobey, with Federal Advisory Council resolution. 104
Federal Reserve System, Board of Governors, letter, June 13, 1947 171
First Kentucky Co., letter, May 29, 1947-

109
First National Bank trustees, of Louisville, Ky., submitted state-
ment with additional information and tables.

109-121
Giannini, L. M., letter, June 2, 1947, reply from Hon. Charles W.
Tobey and further telegram from Mr. Giannini..

149
Giannini, L. M., two telegrams and letter, June 12, 1947.

184
Hemenway, Lawrence, letter dated April 28, 1947, to Hon. Henry
Cabot Lodge

30

Huntington, Ellery C., Jr.:

Submitted statement..

48

Outline argument in oppositiou on Fede... Reserve Board pro-

posed Bank Holding law.

79

Exhibits:

Exhibit 1, on file with the committee.

Exhibit 2-E, list of proponents of the Morris Plan

Exhibit 3-N, Morris Plan influence, comparative data.

93

Exhibit 3-B, Morris Plan comparative data-

93

Exhibit 3-E, Miscellaneous data, table.

94

Exhibit 4-A, letter, May 20, 1947, to consumer Bankers

Association, and their answer on May 22, 1947.-

94

Exhibit 4-D,
argument.

95

Exhibit 4-F, Morris Plan Corp. of America representation

on boards of directors.

97

Morris, Arthur J., memorandum.

151

Morris Plan Corp of America, letter, June 17, 1947, with supple-
mental statement of Ellery C. Huntington.-

177
Morse, Hon. Wayne, letter, June 17, 1947, with enclosed letter from
H. L. Edmonds, June 12, 1947..

184

Satterlee, Warfield & Stephens letter, June 13, 1947

174

Suggested amendments to bill S. 829, submitted by Mr. Eccles -

29

Transactions of certain affiliated persons and underwriters, section 17- 175

Warfield, Ethelbut, statement of, submitted by Hon. "Charles W.
Tobey, chairman'.

106
Willows Journal, advertisement, April 11, 1947, on, “Do you wish the

Federal Government to take over the business of operating all
banks in the United States?

34

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