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RECENT BANK CLOSINGS

?IS inpress, House, '

4 - JUL 1 2

1971
HEARING

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BEFORE THE

COMMITTEE ON BANKING AND CURRENCY

HOUSE OF REPRESENTATIVES

NINETY-SECOND CONGRESS

FIRST SESSION

ON

THE ACTIVITIES OF THE FEDERAL DEPOSIT INSURANCE
CORPORATION INVOLVING CLOSED INSURED BANKS, WITH
PARTICULAR REFERENCE TO NINETEEN BANK CLOSINGS

WHICH HAVE OCCURRED SINCE JANUARY 1, 1969

MARCH 9, 1971

Printed for the use of the
Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1971

62-214

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COMMITTEE ON BANKING AND CURRENCY

WRIGHT PATMAN, Texas, Chairman
WILLIAM A. BARRETT, Pennsylvania WILLIAM B. WIDNALL, New Jersey
LEONOR K. (MRS. JOHN B.) SULLIVAN, FLORENCE P. DWYER, New Jersey
Missouri

ALBERT W. JOHNSON, Pennsylvania HENRY S. REUSS, Wisconsin

J. WILLIAM STANTON, Ohio THOMAS L. ASHLEY, Ohio

BENJAMIN B. BLACKBURN, Georgia WILLIAM S. MOORHEAD, Pennsylvania GARRY BROWN, Michigan ROBERT G. STEPHENS, JR., Georgia LAWRENCE G. WILLIAMS, Pennsylvania FERNAND J. ST GERMAIN, Rhode Island CHALMERS P. WYLIE, Ohio HENRY B. GONZALEZ, Texas

MARGARET M. HECKLER, Massachusetts JOSEPH G, MINISH, New Jersey

PHILIP M. CRANE, Illinois RICHARD T. HANNA, California

JOHN H. ROUSSELOT, California TOM S. GETTYS, South Carolina

STEWART B. MCKINNEY, Connecticut FRANK ANNUNZIO, Illinois

NORMAN F, LENT, New York THOMAS M. REES, California

BILL ARCHER, Texas
TOM BEVILL, Alabama

BILL FRENZEL, Minnesota
CHARLES H. GRIFFIN, Mississippi
JAMES M. HANLEY, New York
FRANK J. BRASCO, New York
BILL CHAPPELL, JR., Florida
EDWARD I. KOCH, New York
WILLIAM R, COTTER, Connecticut
PARREN J. MITCHELL, Maryland

PAUL NELSON, Clerk and Staff Director
CURTIS A. PRINS, Chief Investigator

BØNET D. GELLMAN, Counsel
JOSEPH C. LEWIS, Professional Staf Member

GARY TABAK, Oounsel
ORMAN S. FINK, Minority Staj Member

(11)

EL Pony?

KEEI

B3

1991d

CONTENTS

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