The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
WRIGHT FIKJIF STATE. fjjj) P A T M A N ^ DISTRICT OF T E X A S C o n g r e s s of tfje 2 3 m t e b U r a t e s WASHINGTON ADDRESS* 1133 H O U S E O F F I C E COMMITTEE ASSIGNMENTS DISTRICT O* C O L U M . U ROADS W O R L D W A R VETERANS- BUILDING LEGISLATION C H A I R M A N S U B C O M M I T T E E ON HOSPITALIZATION I ) o u s r of lArpicsfntatiUfS i&asfjington, 33. € . J'Y February 17, 1957 Hon. Karrirer S. Lccles*.Chairman, Board of Governors of the Federal Reserve System Washington, D. C. / My dear Governor Eccles: In accordance with our agreement yesterday , I w i l l be permittee to ask you questions when you appear before the Banking and Currency Committee as a witness tomorrow morning at 11 o'clock. The questions I expect to ask w i l l be material in connection with the b i l l being considered by the Committee. In f a c t , every question I ask i s expected to dovetail into the main question before the Committee. mation: I would like f o r you to nave available the following infor1. Earning and expenses of Federal Reserve Banks during 1936. £. Information regarding commercial loans during the past several years by member banks of the Federal Reserve System. 5. Service charges and the amounts thereof in 1S?€ as compared with preceding years. 4. The amount of e l i g i b l e paper in banks in 1026 compered with preceding years. 5. Average amount of interest paid by a l l member banks anc by a l l banks, members and non-members over a f i v e - y e a r period preceding 192?, and the amount paid by such bonks i n 1956. 6. I would l i k e to nave the same information requested under No. 5, relating to time deposits. 7. Information showing a l l positions in Federal Heserve System where the annual salary i s £10,000 or more and the names and positions. / 8. Information relating to the retirement system in the Federal Reserve, showing the number of persons r e t i r e d , the highest amount received, the lowest amount received, and the average, together with information regarding contributions to the fund. I f you have this information available, Governor, I shall appreciate i t very much. Yours sincerely, i Wright Patman / 1 IH " 11 Februaiy 17, 1357* OTA AS^XMBiJSXs HI RESPOHSE TO QUESTIG.MS CONTAINED IM ramaiiag ginma ana or zaarai 17. USL Earnings end expenses of Federal reserve bfcnJts during 1956* Detailed figures of ©truing3 end expenses of Federal reserve banis during 1356 are shown an pages 116 end 117 of the attached February, 1357, Federal Reserve Bulletin. Inforaetlon regarding cooaerciai logins during the past several yeers by aeiaber b&nxs of the Federal Reserve Syateia. Available infora&tion vith respect to the various classes of loons of ueaber ban&s on selected d t.es during the past several years i s shorn oil page 130 of the attached February, 1957, Federal lie serve Bulletin. Service charges and the aaounts thereof in 1336 as cockered with preceding years. Service charges on deposit accounts as reported by national banCS end fay ste.te benic sobers for the f i r s t six nonths of 1356 are shown in the statements appearing on pages 948 end 349 of the attached December, 1336, Federal Reserve Bulletin. Figures for the last half of 1356 are not yet available. Available information with respect to service charges on deposit accounts for prior years is shown on page 158 of the attached Annual Report of the Board of Governors for the yeer 1355. The aaount of eligible paper in banics in 1336 compared with preceding years. Aaount of eligible paper reported by aember bams, both national and state, as of June 30 of the years 1333, 1934, 1935 and 1336, end as of December 51, 1336, was as followss June June June June December 3-3, 30, 50, 30, 31, 1335 1334 1335 1336 1336 $1,377,000,300 £,069,000,000 £,060,000,300 2,0*2,000, J00 £,484,000,000 - 5, Z - Average amount of interest paid by all meisber banis end by a l l b&nis, members and non-members, over a f i v e - y e s r period preceding 1333, and the amount paid by such banlcs in 1936, Information in answer to this question was given to Mr. Pat^£J2 in the Board'3 l e t t e r of February 1£, 1337, in response to hi3 l e t t e r dated January 23, 1357, 6. I «ould l i i e to have the same information requested under llo. o, relating to time deposits. Information in answer to this question was also contained in the Board's l e t t e r to ilr. Patman dated February 1337. 7. Inforiaation showing a l l positions in Federal Reserve System where the annual salary i s $10,000 or more and the names and positions. Information with respect to the annual salaries of the of "leers and employees of the Boara of Governors as of December 51, xJ55, i s published on pages £40 to 243 of the Board's 1355 Annual Beport, a copy of which i s attached. Summaiy figures with respect to the salaries of o f f i c e r s and employees at the Federal reserve bani£3 are shown on page 250 of the same report. I t would t a i e some time to compile more detailed information with respect to the salaries paid by the Federal reserve ban^s. 8. Information relating to the retirement system in the Federal Reserve, showing the number of persons r e t i r e d , the highest aaaunt received, the lowest amount received, and the average, together with information regarding contributions to the fund. Detailed information in answer to this question i s not available at the Board's o f f i c e s . There i s attached a copy of the rules and regulations of the retireaient system, from which i t w i l l be noted that the system i s governed by a board of twenty-six trustees. A l l information with respect to awTlauw and minimum retirement allowances i s contained in the records of the Retirement Committee of the Board of Trustees. A copy of the l a s t annual report of the retirement system ia attached.
@FedFRASER