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VCR-84 For release in morning papers Monday, June 25, 1951* June 22, 1951. STATEMENT OF THE VOLUNTARY CREDIT RESTRAINT COMMITTEE The Voluntary Credit Restraint Program provides that subcom mittees may be established for each type of financing institution participating in the Program, these committees to be available for consultation with individual financing institutions to assist them in determining the application of the Statement of Principles with respect to loans for which application has been made to such financing insti tutions. loan In order to provide such advisory service for savings and associations in the same manner as for banks, investment bankers, and life insurance companies, the Voluntary Credit Restraint Committee has approved the establishment of subcommittees representing those associations within each Federal Reserve District, and has appointed the following as members of the respective committees: First District Savings &nd Loan Voluntary Credit Restraint Committee Mr. Ralph R. Crosby, President, Chairman, Old Colony Co-operative Bank, 58 Veybosset Street, Pi’ovidence 1, Rhode Island. Mr. Henry H. Pierce, President, Merchants Co-operative Bank, 24 School Street, Boston, Massachusetts. Mr. Frederick T. Backstrom, Executive Vice President, First Federal Savings and Loan Association of New Haven, 80 Elm Street, New Haven 3> Connecticut. Mr. Raymond P, Hc.roId, President, Worcester Federal Savings and Loan Association, 22 Elm Street, Worcester, Massachusetts. Mr. 0. A. Schlaikjer, Vice President and General Counsel, Federal Reserve Bank of Boston, Boston 6, Massachusetts. Second District Savings and Loan Voluntary Credit Restraint Committee Mr. George L. Bliss, President, Chairman, Century Federal Savings and Loan Association, 441 Lexington Avenue, New York 17, New York. Mr. Ernest A. Minier, President, Carteret Savings and Loan Association, 866 Broad Street, Newark 2, New Jersey. Mr. Willis J. Aimekinder, President, First Federal Savings and Loan Association of Rochester, 18 Franklin Street, Rochester 4-> New York. -3- Second District Savings and Loan Voluntary Credit Restraint Committee (cont'd) Mr. E... Karold Schoonmaker, Executive Vice President, Tenafly Mutual Savings and Loan Association, 80 County Road, Tenafly, New Jersey. Mr. William F. Treiber, Vice President, federal Reserve Bank of New York, New York 45, New York. Mr. Arthur Phelan, Vice President, Federal Reserve Bank of New York (alternate for Mr. Treiber) Third District Saving*? and Loan Voluntary Credit Restraint Committee Mr. Ja;.aes J. O’Malley, President, Chairman. First Federal Savings and Loan Association, 23 Vest Market Street, Wilkes-Barre, Pennsylvania. Mr. John H. Dempstrr, President, Cuaker City Federal Savings and Loan Association, 20 South 15th Street, Philadelphia 2, Pennsylvania. Mr. Joseph A. O'Brien, President, Fidelity Mutual Building and Loan Association, 423 Market Street, Camden , New Jersey. Mr. Louis W. Marmorstein, President, First Federal Savings and Loan Association of South Philadelphia, 424-430 S. Fourth Street, Philadelphia 47, Pennsylvania. Mr. VJ. J. Davis, First Vice President, Federal Reserve Bank of Philadelphia, Philadelphia 1, Pennsylvania. Mr. Norman G. Dash, Assistant Vice President, Federal Reserve Bank of Philadelphia (alternate for Mr. Davis) Fourth District Savings and Loan Voluntary Credit Restraint Committee Mr. E. J. Rupert, President, Chairman. The Eroadview Savings and Loan Company,' 4221 Pearl Foad, Cleveland, Ohio. -4Fourth District Savings and Loan Voluntary Credit Restraint Committee (contfd) Mr. C. Elwood Knapp, Executive Vice President, Friendship Federal Savings and Loan Association, 217 North highland Avenue, Pittsburgh 6, Pennsylvania, Mr. Morris G. Taylor, Secretary-Treasurer, Dollar Federal Savings and Loan Association, S. E. Comer Third and High Streets, Hamilton, Ohio. Mr. C. C. Guthrie, President, Buckeye State Building and Loan Company, 36 East Gay Street, Columbus 15t Ohio. Mr. William H. Fletcher, First Vice President, Federal Reserve Bank of Cleveland, Cleveland 1, Ohio. Mr. Wilbur T. Blair, Vice President, Counsel, and Secretary, Federal Reserve Bank of Cleveland (alternate for Mr. Fletcher) Fifth District Savings and Loan Voluntary Credit Restraint Committee Mr. E. C. Baltz, President, Chairman. Perpetual Building Association, 500 Eleventh Street, N. W., Washington 4, D. C. Mr. Marion M. Hewell, President, Fidelity Feddral Savings and Loan Association, 12 W. McBee Avenue, Greenville, South Carolina. Mr. Henry Baltimore Fayette & Baltimore P. Irr, President, Federal Savings end Loan Association, St. Paul Streets, 2, Maryland. Mr. J. B. Bottrne, President, Franklin Federal Savings and Loan Association, 616 East Franklin Street, Richmond, Virginia. Mr. N. L. Armistead, Vice President, Federal Reserve Bank of Richmond, Richmond 13, Virginia. -5Sixth District Savings and Loan Voluntary Credit Restraint Committee Mr. J. D. McLamb, President, Chairman. First Federal Savings and Loan Association, 30 East Bryan Street, Savannah, Georgia. Mr. Frank Yeilding, President, Jefferson Federal Savings and Loan Association, 213 North 21st Street, Birmingham 3> Alabama. Mr. C. L. Clements, President, Chase Federal Savings and Loan Association, 1111 Lincoln Road, Miami Beach 39, Florida. Mr. Irving H. Schonberg, President, Union Savings and Loan Association, 353 Carondelet Street, New Orleans, Louisiana. Mr. V. K. Bowman, Vice President, Federal Reserve Bank of Atlanta, Atlanta 3, Georgia. Seventh District Savings and Loan Voluntary Credit Restraint Committee Mr. Walter Gehrke, President, Chairman, First Federal Savings and Loan Association of Detroit, Griswold Street at Lafayette Boulevard, Detroit 26, Michigan. Mr. Ben F. Bohac, President, Talman Federal Savings and Loan Association, 5501 South Kedzie Avenue, Chicago 29, Illinois. Mr. Edward L. Johnson, Vice President, Bell Savings and Loan Association, 79 West Monroe Street, Chicago, Illinois. Mr. Fermor S. Cannon, President, Railroadmen's Federal Savings and Loan Association, 21 Virginia Avenue, Indianapolis A, Indiana. Mr. A. L. Olson, Vice President, Federal Reserve Bank of Chicago, Chicago 90, Illinois. -6Eighth District Savings and Loan Voluntary Credit Restraint Committee Mr. Roy M. Harr, President, Chairman. Leader Federal Savings and Loan Association, 158 Madison Avenue, Memphis 3# Tennessee. Mr. Uustav Flexner, Secretary-Treasurer, Greater Louisville First Federal Savings and Loan Association, 4.17 West Market Street, Louisville 2, Kentucky. Mr. George S. Metcalfe, President, Roosevelt Federal Sa ings and Loan Association 407 North Ninth Stteet, St. Louis, Missouri. Mr. W. P. Gulley , President, Pulaski Federal Savings and Loen Association, 201 West 2nd Street, Little Rock, Arkansas. Mr. Paul E. Schroeder, Vice President, Memphis Branch of the Federal Reserve Bank of St. Louis, Memphis 1, Tennessee. Ninth District Savings and Loan Voluntary Credit Restraint Committee Mr. Roy W. Larsen, President, Chairman. Twin City Federal Savings and Loan Association, Corner Marquette Avenue and Eighth Street, Minneapolis 2, Minnesota. Mr. C. A. Williams, Executive Vice President, First Federal Savings and Loan Association of Fargo, 13 North Broadway, Fargo, North Dakota. Mr. P. C. Bulen, Chairman, First Federal Savings and Loan Association of Great Falls, 15 Fourth Street, North, Great Falls, Montana. Mr. Harry Minnesota Minnesota St. Paul, C. Lindquist, Executive Vice President, Federal Savings and Loan Association, at 4th, Minnesota. Mr. Maurice H. Strothman, Jr., Vice President, Federal Reserve Bank of Minneapolis, Minneapolis 2, Minnesota. -7Tenth District Saving's and Loan Voluntary Credit Restraint Committee Mr. Henry A. Bubb, President, Chairman, Capitol Federal Savings and Loan Association, 534- Kansas Avenue, Topeka, Kansas. Mr. C. R. Mitchell, Executive Vice President, First Federal Savings and Loan Association, 919 Walnut, Kansas City 6, Missouri. Mr. Louis W. Grant, President, Home Federal Savings and Loan Association, Third and Boston, Tulsa 3, Oklahoma. Mr. Kenneth King, President, Columbia Savings, Building and Loan Association, 209 16th Street, Denver 2, Colorado. Mr. Henry 0. Koppang, First Vice President, Federal Reserve Bank of Kansas City, Kansas City 18, Missouri. Eleventh District Savings and Loan Voluntary Credit Restraint Committee Mr. San 4.01 San ¥. W. McAllister, President, Chairman, Antonio Building and Loan Association, Navarro at the River, Antonio 5, Texas. Mr. E. E. Shelton, President, Dallas Federal Savings and Loan Association, 14 11 Main Street, Dallas, Texas. Mr. Peyton L. Townsend, President, Metropolitan Building and Loan Association, 14.00 Main Street, Dallas 1, Texas. Mr. C. Roy Smith, Executive Vice President, First Federal Savings and Loan Association, 116 East 4-th Street, Clovis, New Mexico. Mr. H. R. DeMoss, Vice President, Federal Reserve Bank of Dallas, Dallas 13, Texas. -8Eleventh District Savings and Loan Voluntary Credit Restraint Committee (cont'd) Mr. Mac C. Smyth, Vice President, Federal Reserve Bank of Dallas (alternate for Mr. DeMoss) Twelfth District Savings and Loan Voluntary Credit Restraint Committee Mr. Thomas T. Taylor, Jr., President, Chairman. Prudential Federal Savings and Loan Association, 125 S. Main Street, Salt Lake City 1, Utah. Mr. Ben H. Hazen, President, Benj. Franklin Federal Savings and Loan Association, 517 S. W. Stark Street, Portland 4-, Oregon. Mr. J. Hovard Edgerton, President, California Federal Savings and Loan Association, 5680 Wilshire Boulevard, Los Angeles 36, California. Mr. Gerrit VanderEnde, President, Pacific First Federal Savings and Loan Association, 204. South 11th Street, Tacoma 1, Washington. Mr. E. R. Millard, Vice President, Federal Reserve Bank of San Francisco, San Francisco 20, California. Mr. H. F. Slade, Vice President, Federal Reserve Bank of San Francisco (alternate for Mr. Millard)
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