Bank Holding Company Legislation: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-eighth Congress, Second Session, on H. R. 10668, a Bill to Amend the Bank Holding Company Act of 1956, and the Federal Deposit Insurance Act, as Amended, and H.R. 10872, a Bill to Amend the Bank Holding Company Act of 1956, and for Other Purposes, April 28, May 26, June 24 and 30, 1964

Front Cover
U.S. Government Printing Office, 1964 - 314 pages
Considers legislation to apply bankholding company statutes and regulations to trusts. Focuses on impact of legislation on the Alfred I. du Pont estate of Jacksonville, Fla.
 

Other editions - View all

Common terms and phrases

Popular passages

Page 2 - Act, no bank holding company shall — (1) after the date of enactment of this Act acquire direct or indirect ownership or control of any voting shares of any company which is not a bank, or (2) after two years from the date as of which it becomes a bank holding company...
Page 43 - ... purposes, no part of the net earnings of which inures to the benefit of any private shareholder or individual, and no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to > influence legislation, or (3) any partnership. (c) "Bank...
Page 3 - ... 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.
Page 3 - ... controls in any manner the election of a majority of its directors, trustees, or other persons exercising similar functions...
Page 3 - ... every stockholder shall have the right to vote in person or by proxy the number of shares owned by him for as many persons as there are directors to be elected, or to cumulate said shares...
Page 2 - Bank holding company" means any company (1) which directly or indirectly owns, controls, or holds with power to vote, 25 per centum or more of the voting shares of each of two or more banks or of a company which is or becomes a bank holding company...
Page 131 - The committee will stand in recess, subject to call of the Chair. (Whereupon, at...
Page 296 - To avoid any interruption to commerce or to the operation of any carrier engaged therein; (2) to forbid any limitation upon freedom of association among employees, or any denial, as a condition of employment or otherwise, of the right of employees to join a labor organization; (3) to provide for the complete independence of carriers and of employees in the matter of self-organization...
Page 3 - ... discount' by such member bank for such other bank ; and (2) noninterest-bearing deposits to the credit of a bank shall not be deemed to be a loan or advance or extension of credit to the bank of deposit, nor shall the giving of immediate credit to a bank upon uncollected items received in the ordinary course of business be deemed to be a loan or extension of credit to the depositing bank. "For the purposes of this section, the term 'affiliate...
Page 296 - ... exert every reasonable effort to make and maintain agreements concerning rates of pay, hours, and working conditions...

Bibliographic information