The Penn Central Failure

The Penn Central Transportation Company declared bankruptcy on June 21, 1970. At the time, the financial collapse of Penn Central constituted the single largest bankruptcy in United States history. These staff reports of the U.S. House of Representatives Committee on Banking and Currency, held during the 91st Congress, 2nd Session, and the 92nd Congress, 1st Session, consist of five parts.

Donated for digitization by Government Information Services of Wells Library, Indiana University, Bloomington.

Part I: Effects of Penn Central's diversification program on the railroad's cash position (pdf 992k)
SUDOC:  Y 4.B 22/1: P 38/pt.1
Author(s): United States. Congress. House
Dates(s): November 2, 1970

Part II: Case study of a Penn Central subsidiary: Executive Jet Aviation (pdf 11.7M)
SUDOC:  Y 4.B 22/1: P 38/pt.2
Author(s): United States. Congress. House
Dates(s): November 21, 1970

Part III: Penphil: The misuse of corporate power (pdf 7.6M)
SUDOC:  Y 4.B 22/1: P 38/pt.3
Author(s): United States. Congress. House
Dates(s): February 15, 1971

Part IV: Penn Central loses four million dollars: A story of international intrigue (pdf 1.8M)
SUDOC:  Y 4.B 22/1: P 38/pt.4
Author(s): United States. Congress. House
Dates(s): March 11, 1971

Part V: Trading in Penn Central stock: Financial institutions and privileged information (pdf 1.7M)
SUDOC:  Y 4.B 22/1: P 38/pt.5
Author(s): United States. Congress. House
Dates(s): March 29, 1971