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Printed for the use of the Committee on Banking and Currency

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1961

60408

. A5

Крга

COMMITTEE ON BANKING AND CURRENCY

BRENT SPENCE, Kentucky, Chairman WRIGHT PATMAN, Texas

CLARENCE E. KILBURN, New York ALBERT RAINS, Alabama

GORDON L. McDONOUGH, California ABRAHAM J. MULTER, New York

WILLIAM B. WIDNALL, New Jersey HUGH J. ADDONIZIO, New Jersey

EUGENE SILER, Kentucky WILLIAM A. BARRETT, Pennsylvania

PAUL A. FINO, New York LEONOR K. SULLIVAN, Missouri

FLORENCE P. DWYER, New Jersey HENRY S. REUSS, Wisconsin

EDWARD J. DERWINSKI, Mlinois MARTHA W. GRIFFITHS, Michigan

SEYMOUR HALPERN, New York THOMAS L. ASHLEY, Ohio

JAMES HARVEY, Michigan CHARLES A, VANIK, Ohio

TOM V. MOOREHEAD, Ohio J. T. RUTHERFORD, Texas

JOHN H, ROUSSELOT, California
WILLIAM S. MOORHEAD, Pennsylvania WILLIAM W. SCRANTON, Pennsylvania
CLEM MILLER, California
JACOB H. GILBERT, New York
EDWARD R. FINNEGAN, Illinois
ROBERT G. STEPHENS, JR., Georgia
FERNAND J. ST. GERMAIN, Rhode Island

ROBERT L. CARDON, Clerk and General Counsel
JOHN E. BARRIERE, Majority Staff Member
ORMAN S. FINK, Minority Staf Member

ROBERT R. POSTON, Counsel

SUBCOMMITTEE ON HOUSING

ALBERT RAINS, Alabama, Chair man HUGH J. ADDONIZIO, New Jersey

GORDON L. MCDONOUGH, California WILLIAM A. BARRETT, Pennsylvania WILLIAM B. WIDNALL, New Jersey LEONOR K. SULLIVAN, Missouri

PAUL A, FINO, New York
THOMAS L. ASHLEY, Ohio

EDWARD J. DERWINSKI, Illinois
MARTHA W. GRIFFITHS, Michigan
J. T. RUTHERFORD, Texas

John E. BARRIERE, Staff Director
JOHN J. MCEWAN, Jr., Deputy Staff Director
ORMAN S. FINK, Minority Staf Member

KENNETH W. BURROWS, Economist
JOHN L. FITZGERALD, Minority Counsel

II

Page

H.R. 6028. A bill to assist in the provision of housing for moderate- and

low-income families, to promote orderly urban development, to extend

and amend laws relating to housing, urban renewal, and community

Page

facilities, and for other purposes..

1

H.R. 5300. A bill to amend title IV of the Housing Act of 1950 so as to

increase the amount of the authorization for loans under the college

housing program, and for other purposes -

18

H.R. 6423. A bill to authorize the Housing and Home Finance Admin-

istrator to assist States and local public bodies to acquire land in urban

areas for preservation as open-space land or for planned future public or

private development, and for other purposes..

18

Possible amendments to H.R. 6028, for consideration by the Subcommittee

on Housing -

22

Statement of -

Adair, Jack, chairman of the legislative committee, Mortgage Bankers

Association of America; accompanied by Brown L. Whatley, and

Samuel Neel, general counsel, Mortgage Bankers Association of

America.

609

Arrington, John H., chief, Family Housing Division, Office of the

Assistant Secretary of Defense; accompanied by Andrew Mayer,

office of counsel, Department of Defense

168

Battista, Vito P., representing the United Taxpayers Party, the

New York Council of Property Owners Associations, and New

York State Taxpayers Association.

592

Baughman, J. Stanley, president, Federal National Mortgage Asso-

ciation.

59

Bergmann, Harry P., vice president, Riggs National Bank, appearing

on behalf of the American Bankers Association..

384

Bertsch, Howard, administrator, Farmers Home Administration,

U.S. Department of Agriculture.

704

Bingham, Herbert J., Tennessee Municipal League, on behalf of the

American Municipal Association --

751

Brinkman, Oscar, chairman, legislative committee, National Apart-

ment Owners Association, Inc..

476

Brown, R. Manning, Jr., vice president in charge of real estate mort-

gage loans, New York Life Insurance Co., in behalf of the American

Life Convention and Life Insurance Association of America; accom-

panied by Dr. J. J. O'Leary, director of economic research, Life

Insurance Association of America, and Ehney A. Camp, Jr., execu-

tive vice president, Liberty National Life Insurance Co., of

Birmingham.-

397

Burke, E. J., Jr., president, National Association of Home Builders;

accompanied by Leonard L. Frank, chairman, Government Affairs

Division, W. Evans Buchanan, chairman, legislative committee,

Joseph B. McGrath and Herbert S. Colton..

485, 493

Campbell, Wallace J., director of public affairs, Nationwide Insurance

Co...

724

Clayman, Jacob, administrative director industrial union department,

AFL-CIO.

663

Connor, Hon. Edward, supervisor, Wayne County, Mich.; director,

National Association of County Officials...

766

Davis, Stuart, president, First Savings & Loan Association, Oakland,

Calif.; accompanied by James F. Steiner, manager; S. Howard

Evans, community development specialist; and Harvey G. Hallen-

beck, Jr., assistant, construction and civil development department

of the national chamber, on behalf of the U.S. Chamber of Com-

merce.

770

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