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/>rt of thw Committee or.
7Zr
• ***** 155 »
|
ncy — BMM t
St
•••'•'.
1455,
." t'i<?
rimUJ function of
-lr la to ftBVlf
rtterni err;:its for finencir
riuotlon
end distribution of niinw—iill
....
• loans
.
3* l.f-11 u i
.
, :. .
e•sreatlaa
'
on of the coavnf»rcial banker
-• invest«ent
.M
£.
MAt* Inv- t i l
• i t t e e — Veerings of Somi
•:
3 5077-5i*79. -
• k l B f tine) Onri
• . . . OOMWrolftl
.
,
r*.nkin* a r e two fif-lds of
:
ivity •MBtiallj
ftt
in nr.ture. I 01
i t m essential
tfl of bank.'.:. ,
I D coul
notdln usefulness, thro
Lut« i<
between iht two
. . . .
.
very definite!
1
llitj t
b i l i t i e s on d—and< I t oust
orodit r i s k s , and i t
I
....
sar
...
fundt for
.
.
k •••
.
iritlaa whio
ten
•.
I
.
:
(. -:.^..- ti j L
jse,
.^n of
it
tlon is
• »«it l i a in lor oa.
Lly
of t
lita. •
.
.
-
.77
J J ! 111) t
•
•nee of
of
si??* security loer ,
.
a-
•
Of .- : -
..
•
|
(
\y
1,
_
ay 10, 19?:.,
._2UJ_
aay <;t urastnt (193 )
event I t w i l l j a l ;
. -:.' I .
ss
•
LI
.
'
. . . .
Banks whi
•ad onaiireroua s c a l e t
l a t t e r 3p«ci«llxe more Mlaotli
• M to
- r t i c u l a r cor "»or? tlone
• '•- t-o rinji-nc©#
..
•aritic:
>rttfl
. . ••
...
itributioo • •
>:trc
•
i
ly • • •
- •
Ii
.
, • .-
r.ka »I»^ly to tfc
, if t I
•
,
•
•
lor
•
,
•
-
MM
It
.
•
Ltlng of
:
:t n^ce
•
MM o f
.
—
al
. ..
iritiefi.
'
' "
X
• : •
• - ari
ac«
nks
3
r*l
I
Involv-(
••
)
.
.
In x .
«
-
'
L
•,.
'
I
•: • i
as
w to i
..: .
Ltution, . . .
'
sr
i
M*
•
ure«f
. ence c
• -
.
• - . . . . Obrlota i l y f
.
1
.... 1
\ •
entor
i nothia
. .. .
v•
I
D Ltora
• .-)T3 in hit 3avir.
»
> recei
-
»
•
,0
the
I :ar3 con•
It or •
. or a
,
.
Lt car M
rli
,
.
e dcturot I
B
' m
• ,
•
.
•
if M(0«rlil««« If Lt Li
y the vooe.ct of obtaining an
:
jut of the i;
.ker UBtaia
rla
•
.•
-
-e«
:^r
••
....
up in
;t,ors of
tdaat
iter i:
.
•
ineaa.
Mid to »&ving8
rutiny of
eof the B«e«rl-
Lmarily In
f i l l
* •
'
-
•
If N
or to
writin/; ^on^
, * • aufit
•
a rsake
urchfts*
* OB er'o^urity
i
)
••
•'< \
•
curiti©B
«curity busir
of &nk»f
v b-fn ?«aki whic^- :;cv?
ation. A notable case is t V t of t
C^n'ral
>
roaain
nt of
H
lot
.
•
ii
'r
to ;.rll»
5 • " • • • ' • " .
,
:
|
19 Z 3,
n
»rot of '.
________
Id ?>ar
•
•
;
•
ladusti
-
in,
.
.
f
. •::
'
•
.
•
•
.
•
.
.
. . . .
vlciou
•
•
:.
'
al1
• 1 .
• •
•
I
.
, .
'reely to
.
'
In
:
bftnfef , . •
ro o l i t •
•
nvolimtnr^' servitude un . . . cor-r-:
•
•
•
toe'
on un—labli
liOS Of * '
•
:
La
eurltlsi •«•
I
l. . . . Tali •ituAtioo, i
•
:
on
— M
I
ffrlts
I
to
out of in',
— which «
XltitlOl ,
....
-
i
5.
Hf
(pftft ?955) Bar;
.
i r i t i e s MUflM ,
i t is ft controllir.
~ondition<
'•'.orctoforftf I
- d i l a t i o n has
•
.
or in thf business
m i l of
,
i M
Ln the
laflUMMfte.
• 'he
i .--aeon
rop Aldric
avorin, oevtala BMBWM to
;n sore
LOB of cuDHierciK"1
ing frorc k
of
in ae ^ i r i t i e s . Th©sf include ( l ) no M
^«irtnr should b« -territtr- to ec
-oflits with:>.
sane regulations as conwerciel lanksj ( t ) no '^or
In ;;ecu r i t i e 8 ohoi:
.ed to t&ke f
>o«its a t a l l . )
"The •
vnises on
I
©nts i>sitlon arf . . • ( l )
I 11 w^a draft'
id t h t t i t i s ett/»ckl - 'Ction} ( t )
^ures as drafted wi 1
tual ftny^Ry and * i U not tnhie\
:.r pnrpo»| en ("}
nt of
the businerc Lift »f
1.
;
es Tihtch con
:ic of
the
of
m line
— Long-
L
,
Federal
olicy.
•
i
orolaJ
t»1
,
- » the aXoest
... tomm .: . • ilaei
I ,• of »hor ..ans i n t o
I
B much tho SRr.r wey feg inTeatoent sec
: i
Is
...
BankB wl
,
os, a r c t .
I with the
:.
ty
ICC»B
.
'nwirri
.,,
*r
ubli
.
.•.
} rf;.sor
tfflees* . . .
lor
)
.
1
• rtiet ie; dltpi
•
• '.
smge/B
•-
-
> n
i
- ••
I they
.
.
y In U
ts of financing throng fiOMHirflili
">wn
by » survey of t
,000,000,000 In for i .
by
com- prciel hunks »nti I r v
, ;.
by the l e t t e r , wj
. ,;.
liable for itoMtlt lMUMj but m
en e r u a l s e v ••
(fii.
crc^cit foi
;:'.coi: otttlltt
:
H I l LftOlu
, will not •ffeetuallj
.)
I
i
o show I
from corarner]
- ; ve
-as© c
::
( '
7 ) , nV:o^n i t s short
the
destru-.tivc »ff««
loald hM
«ci*l structure
..•
!to»ber b^nks, through
, r
' tSTHU
T
re( i n Hi
) pro vMy
ftbotit
- r c e n t of
ry for
MCttritl
HM
'
iblo unle
ruTirHoat Itti. ! • !
turnovrr, T •
,
curlty c o l l • 1«
r
is
Lor, •;• uni by.
ne.
^itbou*
i n a n c i - 1 r-j• <: \\
!!••• depend f o r
, opm I t« or
•..
Durli
.
ir
I
'
-
.
•
,
.
,
,
. . .
year
I lO8r:
Utili
..
,
,
,
.
,
nercic
e $10,
. 0 9 000,
>k to 11
".8 tr«n .
thfcOil
it
,
,
.
.
n — while n*m i s s u e s
•
.
.
.
in f o r .
,3 Of V
. t I S K:
Lmt<
.
Itten no]
issues.
;
MB
.
:
.
•
( •
'
'
.
r, v
out
n
. • •. . . . .
v •
-
ffiliatei
,
•
.
.
.
me rooi |
ric
• • •' i
•
'
' •
••
I
!
r ;
will
,
i
:
: v i-
p*l f o r
•
•
'
LlW< " t r o n t
rl
i s to
•
of fir
Lacii
->ubli",
'•
'
ion fro•
oiyreiislongj
•la
LidmClun ai
•• •
<ntrol, '.....
iim in
UN of
.oans 1;
Lnsnci
i»try«
be fnw
to tl
Ing
f
, house? , Lsokln
-esourcfa of & f f i l i • i l i t y la
.
I
eritla
°.#tt
' -I
.
.. a,
d i s t i n c t Lafitld
Li contrary t
.
Co«iir:erctai banking
•minees. rh«lr
Licy.1
@FedFRASER