KF27 75536 1971f COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE HARLEY O. STAGGERS, West Virginia, Chairman TORBERT H. MACDONALD, Massachusetts JOHN JARMAN, Oklahoma JOHN E. MOSS, California PAUL G. ROGERS, Florida LIONEL VAN DEERLIN, California J. J. PICKLE, Texas FRED B. ROONEY, Pennsylvania DAVID E. SATTERFIELD III, Virginia W. S. (BILL) STUCKEY, JR., Georgia WILLIAM L. SPRINGER, Illinois ANCHER NELSEN, Minnesota TIM LEE CARTER, Kentucky FLETCHER THOMPSON, Georgia William J., Chairman, Securities and Exchange Celler, Hon. Emanuel, a Representative in Congress from the State of Haack, Robert W., President, New York Stock Exchange, Inc., ac- companied by Donald L. Calvin, Vice President__. Howland, Richard B., President, Stock Clearing Corporation, New Loeffler, Robert M., Senior Vice President-Law, Investors Diversified Services, Inc.; accompanied by Richard M. Phillips, Esq., of Hill, Christopher & Phillips, Special Counsel to IDS.. Loomis, Hon. Philip A., Jr., Commissioner, Securities and Exchange Macklin, Gordon S., President, National Association of Securities Dealers, Inc., accompanied by Lloyd J. Derrickson, Vice President Maller, Robert R., Senior Vice President, United States Trust Peake, Junius W., General Partner, Shields & Company... 1373, 1413, 1490 Pollack, Irving M., Director, Division of Trading and Markets, Schapiro, Morris A., President, M. A. Schapiro & Co., Inc.; accom- 1652 Noyes, Clifford H.. 1549 O'Connor, Bernard, to include an article; illustrations; a speech by Fred R. Esty, Chairman of the Board, United States Banknote 1561 Peake, Junius W 1377 Reinisch, Hans Randolph, to include article and attachments with illustrations__ 1696 List of all members and top staff, including their places of residence 1496 Banking and Securities Industry Committee (BASIC): List of all members and top staff, including their places of residence 1494 Notes submitted by Herman W. Bevis on his study of the German, French, and of Morgan Guaranty's Euro-Clear depository ---- 1509 Calvert, Gordon L., Investment Bankers Association of America: Letter dated October 6, 1971, urging prompt enactment of legislation abolishing stock certificate for use in interstate commerce-Celler, Hon! Emanuel: Letter dated November 12, 1971, to Richard W. McLaren, re concern of antitrust implications of the New York Stock Exchange_. 1580 1646 Ernst, Martin L., Vice President, Arthur D. Little, Inc.: Letter dated October 15, 1971, elaborating on industry's automation problems.. 1577 Federal Bar Journal: Article entitled "The Status of Regulatory Independence," by A. Everette MacIntyre- 1811 McLaren, Richard W.: Letter dated November 19, 1971, in reply 1650 1524 Letter dated July 22, 1971, from Gordon S. Macklin, in reply 1426 List of all members and top staff including their places of residence 1498 Letter dated November 18, 1971, submitting views in planning a 1531 National Clearing Corporation: List of all members and top staff, Letter dated July 8, 1971, setting forth NYSE thoughts on the 1499 1424 Letter dated October 22, 1971, setting forth a listing of the names, 1494 Material relating to the incorporation of the New York Stock 1755 V Additional material submitted for the record by-Continued Nicholson, Clayton M., Vice President of the Stock Transfer Associa- certificate. Perkins, John H., Chairman of the National Coordinating Group for Securities and Exchange Commission: Letter dated December 15, 1971, setting forth SEC opinion re- Material relating to the incorporation of the New York Stock Reply to letter of October 4, 1971, to Hon. John E. Moss, with Report of the SEC regarding comments on pending legislation, Securities Exchange Act release 8543 and other sundry releases.. Article entitled "Securities Struggle-Battle for Influence Over Letter dated October 4, 1971, from Hon. John E. Moss to Hon. Letter dated October 20, 1971, from Hon. John E. Moss, to George Shultz, George P.: Letter dated November 10, 1971, in reply to Van Dam, Henry, Corporate Transfer Agents Association: Letter Weinberg, Eli, article from Bank Administration, May 1971, en- Page 1534 1632 1440 1534 1415 1757 1800 1395 1709 1458 1450 1585 1419 1666 1800 1808 1809 1808 1809 1533 1581 PARTS 4 AND 5 APPENDIXES M. Answers to Questions, by Herman W. Bevis, Executor Director, N. Comprehensive Securities Depository System-Study of Canceled P. Research Report on Making the Certificate Machine-Readable_- R. Four Proposed Uniform Forms-Transfer Instruction Delivery Ticket Page 1833 1838 1869 1888 1893 1895 S. The Billion-Share Automated Securities Depository (Central Certificate 1908 T. Memorandum of Understanding on a Comprehensive Securities Depository System... 1922 U. Chronology of the New York Stock Exchange, Stock Clearing Corpo ration_. 1929 1935 V. Operating Rules of the National Clearing Corporation-- W. Report and Recommendations of the Security Imprinting and Processing Task Force of the Committee on Uniform Security Identification Procedures 1960 X. OCR Equipment for Reading Stock Certificates (Report to BASIC- 1971 Y. Letter from Chairman Casey of SEC to Mr. Moss regarding fails, with charts, tables, and exhibits__. 2012 Z. Suggest approach to the National Clearing Problem, with charts and exhibits_ 2039 AA. Securities Industry Overview Study 2055 BB. Paper Crisis in the Securities Industry: Causes and Cures. - 2159 2306 2367 EE. The Multiple Causes of Fails in Stock Clearing in the United States (Volumes I and II)_ FF. A Securities Handling System for the 1975 Era-Report to New 2413 2560 2596 GG. Reducing Costs of Stock Transactions: A Study of Alternative Trade Model... JJ. Reducing Costs of Stock Transactions: A Study of Alternative Trade 2676 2768 KK. A Presentation for the Elimination of the Stock Certificate, by 2850 |