National Banks-Consolodation-Charters; Hearings Before on H.R. 4905 and Bill H.R. 6776, November 2, 1921 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922. Excerpt: ... NATIONAL BANKS-CONSOLIDATION-CHARTERS. Committee On Banking And Currency, HorsE Of Representatives, Wednesday, November 2, 1921. The committee met at 10.30 o'clock a. m., Hon. Louis T. McFadden ("chairman) presiding. STATEMENT OF HON. D. R. CKISSINGER, COMPTROLLER OF THE CURRENCY, ACCOMPANIED BY MR. WILLIS J. FOWLER, DEPUTY COMPTROLLER. The Chairman. At the request of the committee, when we adjourned the other day I invited the Comptroller of the Currency to come up here and explain the two bills we had under consideration, namely, H. R. 4905 and H. R. 6776, and Mr. Crissinger and the deputy comptroller, Mr. Fowler, are here this morning. Suppose we first take up for consideration H. R. 6776, which is the bill providing for a third extension of charters of national banks. Now. Mr. Comptroller, there were some questions that several of the members the other day wanted to ask in regard to this bill. The first questions were: How does this change the present law? Are there any proposed additions to this bill, and if so, what are they? Mr. Strong. I understood there was to be a statement furnished showing the changes made by this bill in existing law. The Chairman. The presence of the comptroller here, I think, answers that. Mr. Crissinger. This letter which I have here is what the office has worked out in reference to changes, and I think you would perhaps get it better from this letter which has been drafted. The Chairman. Perhaps I had better read this letter from the comptroller covering the point raised by Mr. Strong, and I will ask that it be placed in the record here for the information of the members. Mr. Wingo. May I suggest. Mr. Chairman, that you simply insert the whole letter in the record right at the beginning of the hearing, and I would not tak...