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FEDERAL FINANCING AUTHORITY

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4 - JUL10

Copy 1972
HEARINGS

Mante
COMMITTEE ON
BANKING, HOUSING AND URBAN AFFAIRS .

UNITED STATES SENATE

BEFORE THE

kmerd States. Co

NINETY-SECOND CONGRESS

SECOND SESSION

ON

S. 1015, S. 1699, S. 3001, and S. 3215

BILLS TO ESTABLISH A FEDERAL FINANCING BANK, TO
PROVIDE FOR COORDINATED AND MORE EFFICIENT FI-
NANCING OF FEDERAL AND FEDERALLY ASSISTED BOR-
ROWINGS FROM THE PUBLIC, AND FOR OTHER PURPOSES

MAY 15, 17, AND 18, 1972

Printed for the use of the
Committee on Banking, Housing and Urban Affairs

U.S. GOVERNMENT PRINTING OFFICE

78-443 O

WASHINGTON : 1972

COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS

JOHN SPARKMAN, Alabama, Chairman WILLIAM PROXMIRE, Wisconsin

JOHN TOWER, Texas HARRISON A. WILLIAMS, Jr., New Jersey WALLACE F. BENNETT, Utah THOMAS J. MCINTYRE, New Hampshire EDWARD W. BROOKE, Massachusetts WALTER F. MONDALE, Minnesota

BOB PACKWOOD, Oregon ALAN CRANSTON, California

WILLIAM V. ROTH, JR., Delaware ADLAI E. STEVENSON III, Illinois

BILL BROCK, Tennessee
DAVID H. GAMBRELL, Georgia

ROBERT TAFT, JR., Ohio
DUDLEY L. O'NEAL, JR., Staff Director and General Counsel
MICHAEL E. BURNS, Minority Counsel

(II)

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Paul A. Volcker, Under Secretary for Monetary Affairs, Department of the

Treasury; accompanied by: Edward P. Snyder, Director, Office of Debt
Analysis

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(III)

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