To Amend the Bank Merger Act of 1960: Hearings Before the Subcommittee on Domestic Finance ... Eighty-ninth Congress, First Session, on S. 1698 (and Related Bills), an Act to Establish a Procedure for the Review of Proposed Bank Mergers So as to Eliminate the Necessity for the Dissolution of Merged Banks, and for Other Purposes, Volumes 1-2
U.S. Government Printing Office, 1966 - Bank mergers - 2054 pages
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acquisition action agencies amendment antitrust laws appear application approval assets Association Attorney authority Bank Merger Act Bankers believe bill Board branch CHAIRMAN Clayton Act clear committee competition Comptroller concerned Congress consider consideration corporation course court Currency decision Department of Justice deposits divestiture effect fact factors Federal Reserve Federal Reserve Board feel give going Government HANNA hearings holding industry institutions interest involved Justice Department legislation Lexington limit loans Martin matter mean merged National Bank needs Office operations opinion passed percent period position present President problem proposed public interest question reason record referred regulation result ruling Saxon Security Security Trust Co Senator Sherman Act statement suit Supreme Court Thank thing tion Todd Trust understand United WIDNALL
Page 671 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Page 619 - ... (a) RULES. — Every agency shall separately state and currently publish in the Federal Register (1) descriptions of its central and field organization including delegations by the agency of final authority and the established places at which, and methods whereby, the public may secure information or make submittals or requests...
Page 40 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 307 - ... the effect of the transaction on competition (including any tendency toward monopoly), and shall not approve the transaction unless, after considering all of such factors, it finds the transaction to be in the public interest.
Page 10 - ... of section 7 of the Clayton Act, as amended by the Celler-Kefauver Act of 1950 ("Section 7"), and as reflected in its legislative history and interpretation by the United States Supreme Court.
Page 42 - ... the convenience, needs, and welfare of the communities and the area concerned; and (5) whether or not the effect of cuch acquisition or merger or consolidation would be to expand the size or extent of the bank holding company system involved beyond limits consistent with adequate and sound banking, the public Interest, and the preservation of competition In the field of banking.
Page 352 - A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men...
Page 217 - Commission is not to measure proposals for [acquisitions] by the standards of the antitrust laws." 321 US, at 85-86. The problem is one of accommodation of § 5 (2) and the antitrust legislation. The Commission remains obligated to "estimate the scope and appraise the effects of the curtailment of competition which will result from the proposed...
Page 1 - ... information: the name and total resources of each bank involved; whether a report has been submitted by the Attorney General hereunder, and, if so, a summary by the Attorney General of the substance of such report; and a statement by the Comptroller, the Board, or the Corporation, as the case may be, of the basis for its approval.