United States. TO EXPAND AND REORGANIZE THE FEDERAL HEARINGS BEFORE THE SUBCOMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT OF THE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HOUSE OF REPRESENTATIVES NINETY-SEVENTH CONGRESS SECOND SESSION ON H.R. 4787 A BILL TO ESTABLISH A FEDERAL HOME LOAN MORTGAGE CORPORATION CHARTER ACT AND ON H.R. 6442 A BILL TO EXPAND AND REORGANIZE THE FEDERAL HOME LOAN MORTGAGE CORPORATION 96-197 O APRIL 21 AND JUNE 3, 1982 Serial No. 97-64 Printed for the use of the U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1982 KF27 B546 1982j HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS FERNAND J. ST GERMAIN, Rhode Island, Chairman HENRY S. REUSS, Wisconsin STEPHEN L. NEAL, North Carolina NORMAN E. D'AMOURS, New Hampshire STANLEY N. LUNDINE, New York JIM MATTOX, Texas BRUCE F. VENTO, Minnesota BILL PATMAN, Texas WILLIAM J. COYNE, Pennsylvania STENY H. HOYER, Maryland J. WILLIAM STANTON, Ohio STEWART B. MCKINNEY, Connecticut JIM LEACH, Iowa THOMAS B. EVANS, JR., Delaware RON PAUL, Texas ED BETHUNE, Arkansas NORMAN D. SHUMWAY, California BILL MCCOLLUM, Florida GREGORY W. CARMAN, New York GEORGE C. WORTLEY, New York MARGE ROUKEMA, New Jersey BILL LOWERY, California JAMES K. COYNE, Pennsylvania DOUGLAS K. BEREUTER, Nebraska DAVID DREIER, California SUBCOMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT HENRY B. GONZALEZ, Texas, Chairman FERNAND J. ST GERMAIN, Rhode Island J. WILLIAM STANTON, Ohio Columbia JERRY M. PATTERSON, California JOHN J. LAFALCE, New York JAMES J. BLANCHARD, Michigan DAVID W. EVANS, Indiana STANLEY N. LUNDINE, New York MARY ROSE OAKAR, Ohio BRUCE F. VENTO, Minnesota ROBERT GARCIA, New York MIKE LOWRY, Washington PARREN J. MITCHELL, Maryland CARROLL HUBBARD, JR., Kentucky NORMAN E. D'AMOURS, New Hampshire CHARLES E. SCHUMER, New York BARNEY FRANK, Massachusetts WILLIAM J. COYNE, Pennsylvania STENY H. HOYER, Maryland CHALMERS P. WYLIE, Ohio STEWART B. MCKINNEY, Connecticut THOMAS B. EVANS, JR., Delaware JIM LEACH, Iowa ED BETHUNE, Arkansas MARGE ROUKEMA, New Jersey GEORGE C. WORTLEY, New York BILL LOWERY, California DOUGLAS K. BEREUTER, Nebraska DAVID DREIER, California (II) 45-0.1582 Brinkerhoff, Philip R., President, Federal Home Loan Mortgage Corporation... Cassidy, Dr. Henry J., Director, General Research Division, Office of Policy and Economic Research, Federal Home Loan Bank Board Law, Robert H., III, president, Timbers Corp., White Plains, N.Y. Modigliani, Dr. Franco, institute professor, Sloane School of Management, 377 319 ADDITIONAL MATERIAL SUBMITTED FOR INCLUSION IN THE RECORD Dated April 19, 1982, from Executive Vice President Theresa L. Watson of the American Savings & Loan League.... Prepared statement on behalf of the Federal Home Loan Mortgage Corpo- 234 Cassidy, Dr. Henry J., prepared statement.. 334 Comptroller of the Currency, letter dated May 11, 1982, from Jo Ann S. 405 Articles submitted from various publications pertaining to inflation and 304 |