The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
April 22, 194S Governor Eccles: I call your attention to the attitude of the American Bankers1 Association on the Bank Holding Company bill, as expressed in the attached excerpt from the American Banker of yesterday* Briefly stated, the American Bankers1 Association agrees in principle with some of the Important provisions of the pending Bank Holding Company bill, but states that questions as to the "dual banking system11 and "branch banking across State lines11 require ttfurther extensive study*. It also is critical of the authority which would be given the Reserve Board by the bill. A committee is directed to study the matter and make a recommendation to the Association. You can see that the position of the American Bankers1 Association is far from helpful in connection with our bill. G.B.V. This file contained a transcript of a copyright-protected article that has been removed. The citation for the original is: American Banker, “ABA Says It Seeks Holding Company Control Statute,” April 21, 1948.