William McChesney Martin, Jr., Chairman, Board of Governors, Federal Reserve System, accompanied by David B. Hexter, Assistant General James J. Saxon, Comptroller of the Currency, Treasury Department, ac- TUESDAY, JUNE 25 William F. Kelly, president of the First Pennsylvania Banking & Trust Co., 171 228 241 247 ALPHABETICAL LIST OF WITNESSES Ames, Amyas, president, Investment Bankers Association of America; Cary, William L., Chairman, Securities and Exchange Commission: accompanied by Byron D. Woodside, Commissioner, J. Allen Frear, Jr., Commissioner, Manual F. Cohen, Commissioner, Jack Whitney II, Commissioner, Philip A. Loomis, Director, Division of Trading and Exchanges, Milton H. Cohen, Director, Special Study of the Securities Coleman, Ralph P., Jr., publisher and editor, Over-the-Counter Securities Day, James E., president, Midwest Stock Exchange; accompanied by Dominick, Bayard, Dominick & Dominick, New York, N. Y., and president, Association of Stock Exchange Firms; accompanied by George J. Otto, Irving Lundborg & Co., San Francisco, Calif., chairman of the Pacific Coast Stock Exchange, G. Shelby Friedrichs, Howard, Weil, Labouisse, Friedrichs & Co., New Orleans, La., a current governor of National Association of Securities Dealers, Inc., James Crane Kellogg III, Spear, Leeds & Kellogg, New York, N. Y., former chairman of New York Stock Exchange, Francis J. Hughes, general counsel, Association of Stock Etherington, Edwin D., president, American Stock Exchange; accompanied Funston, G. Keith, president, New York Stock Exchange, accompanied by Edward C. Gray, executive vice president, and Samuel L. Rosenberry, Gilbert, Lewis D., appearing as a shareholder_. Kelly, William F., president of the First Pennsylvania Banking & Trust Association__ Lemkau, Hudson B., vice chairman, board of governors, National Asso- 80 161 142 241 247 65 Martin, William McChesney, Jr., Chairman, Board of Governors, Federal Reserve System; accompanied by David B. Hexter, Assistant General Murphy, Dennis E., vice president, the Ohio Co. 119 Ney, Richard, Richard Ney & Associates.. 126 Ridgway, William C., Jr., on behalf of Association of Casualty & Surety 228 Schapiro, Morris A., president, M. A. Schapiro & Co., Inc. 99 Williamson, John C., director of governmental relations, National Asso- 93 LETTERS, STATEMENTS, AND DATA SUBMITTED FOR THE RECORD American Life Convention, Chicago, Ill.: Letter and statement from Glendon E. Johnson, general counsel, along with Eugene M. Thoré, Life Insurance Association of America, and Martin B. Williams, Life Insurers American Stock Exchange, Edwin D. Etherington, president: Letter from J. P. Cummings, partner, Peat, Marwick, Mitchell & Co., Association of Mutual Fund Plan Sponsors, Inc., New York, N.Y.: Letter Bills: Earlier Senate Frear-Fulbright proposals considered by the Banking S. 2408, 81st Congress, 1st session. 271 262 461 S. 1860, 82d Congress, 1st session_. 462 S. 2054, 84th Congress, 1st session_. 464 S. 1168, 85th Congress, 1st session_- 466 Boston Stock Exchange: Telegram from Weston W. Adams, president.... 257 Chamber of Commerce of the United States: Letter from Theron J. Rice, manager, legislative department.. 277 Investors Diversified Services, Inc., Minneapolis, Minn.: Letter consti- Life Insurance Association of America, New York, N.Y.: Letter and Life Insurers Conference, Richmond, Va.: Letter and statement from 273 271 268 268 Midwest Stock Exchange, Chicago, Ill.: Letter from James E. Day, 162 National Association of Real Estate Boards, Chicago, Ill.: Resolution 96 National Stock Exchange, New York, N. Y.: Letter from Lawrence H. 257 Cary, William L., Chairman: Letter transmitting legislative proposals-- Modifications of S. 1642 proposed by Investment Bankers Asso- Prepared statement_- Classification of registered broker-dealers who are not members of Comparative print of proposed amendments.. "Extension of Securities Regulation": Editorial from Journal of Ac- Insurance companies presently subject to the reporting requirements of the Securities Exchange Act of 1934 and to be covered by S. 1642 Letter transmitting legislative proposals- Loomis, Philip A., Jr., Director: Over-the-counter securities: Letter and statement with respect Technical corrections in S. 1642: Letter and memorandum on___ Modifications of S. 1642 proposed by Investment Bankers Association of America: Letter and memorandum on Over-the-counter securities: Letter and statement with respect to 308 281 49 44 371 38 Resolution proposed to and adopted by the Midwest Securities Ad- Sections 12, 13, 14, 15, 16, 20(c), and 32(b) of the Securities Exchange Act of 1934 and section 4(1) of the Securities Act of 1933: Statement Section 15 (a) and (b) and section 15A of the Securities Exchange Whitney, Jack M., II, Commissioner: Letter relating to the prospec- Sections 12, 13, 14, 15, 16, 20(c), and 32(b) of the Securities Securities Act of 1933, Public Law 22, 73d Congress.. Securities Exchange Act of 1934, Public Law 291, 73d Congress. Thill Securities Corp., Elm Grove, Wis.: Statement by Lewis D. Thill, 272 Letter from James J. Saxon, Comptroller, in regard to his testimony-- 183 184 199 United States Savings & Loan League, Washington, D.C.: Letter from 256 Williams, Harrison A., Jr., U.S. Senator from the State of New Jersey, Business Outlook: "If This Is Bad for Banks, Is It Good for General Page 254 253 256 255 252 253 INDEX OF ORGANIZATIONS Harris Trust & Savings Bank, Chicago, Ill... Landis, Feldman, Reilly & Akers. National Association of Life Companies, Inc.. Federation of Women Shareholders in American Business, Inc.. Investment Bankers Association of America_. Investors Diversified Services, Inc., Minneapolis, Minn. 259 271 National Association of Independent Insurers, Chicago, Ill. 275 |