Bank Holding Bill, Hearing Before a Subcommittee of ..., 81-on S. 2318 ..., March 1 ... 23, 1950 |
Common terms and phrases
acquired acquisition amendments American Bankers Association application approval assets authority bank holding company bank holding-company Bank of America bank stocks banking offices bill Bldg Board of Governors branch banking BRUMBAUGH Calif California capital Chairman COCKE committee Comptroller Congress controlled banks controlling influence corporation court Currency December 31 definition DELANO dividends Eccles enactment examination existing law expansion fact FDIC Federal Reserve Board Federal Reserve System hearings Holding Company Act holding company affiliate HUNTINGTON included Independent Bankers June 30 legislation loans MCCABE member banks Morris Plan Corp National Bank nonbanking nonmember ownership pany percent present proposed provisions public interest purchase pursuant question record regulation securities Senator CAIN Senator FLANDERS Senator MAYBANK Senator ROBERTSON Senator TOBEY statement statute STEWART stockholders subsidiary banks suggested testimony tion Townsend Transamerica Corp Union Commerce voting permit voting shares ZIMMERMAN
Popular passages
Page 6 - Board, there to produce records, if so ordered, or to give testimony touching the matter under investigation or in question; and any failure to obey such order of the court may be punished by such court as a contempt thereof.
Page 7 - No objection to the order of the Board shall be considered by the court unless such objection shall have been urged before the Board or unless there were reasonable grounds for failure so to do.
Page 10 - If any provision of this Act or the application of such provision to any person or circumstances shall be held invalid, the remainder of the Act, and the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 7 - If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for failure to adduce such evidence in the hearing...
Page 6 - ... and any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Page 365 - Act of 1932, there shall be included the period for which he held the stock or securities in the distributing corporation prior to the receipt of the stock or securities upon such distribution.
Page 34 - Commission determines, after notice and opportunity for hearing, that such corporation directly or indirectly exercises (either alone or pursuant to an arrangement or understanding with one or more other persons) such a controlling influence over the management or policies of any...
Page 370 - ... controls in any manner the election of a majority of its directors, trustees, or other persons exercising similar functions...
Page 32 - Which owns or controls, directly or indirectly, either a majority of the shares of capital stock of a...
Page 171 - ... such a controlling influence over the management or policies of any public-utility or holding company as to make it necessary or appropriate in the public interest or for the protection of investors or consumers that the applicant be subject to the obligations, duties, and liabilities imposed in this title upon holding companies.