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The Committee has received a number of letters expressing concern that your participation in meetings with representatives of the Federal Home Loan Bank Board to discuss the board's review of the activities of Lincoln Savings was prompted by certain contributions made by Mr. Charles Keating, president of Lincoln Savings. Attached for your reference is a complaint filed by Common Cause.

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1ST STORY of Level I printed in FULL format.

Copyright (c) 1986 American Banker

November 3, 1986, Monday

SECTION: AMERICAN BANKER WEEKLY REVIEW: WASHINGTON MONDAY: Pg. 13

LENGTH: 477 words

HEADLINE: A Banker's Guide to the Elections

BYLINE: BY JAY POSENSTEIN

SODY:

Tuesday, American voters will choose 34 senators, 435 House members, and maybe, as a result, a new national policy on banking. Here's what to look for when the election returns come in.

• Control of the Senate: Whether the Democrats take control from the Republicans is the big question this year. Doing so would mean new Senate leadership and new committee chairmen. Sen. William Proxmire, D-Wis., could end up once again as chairman of the Banking Committee. Other possibilities are Sens. Alan Cranston of California or Donald W. Riegle Jr. of Michigan. A Democrat-controlled Senate Banking Committee could mean less talk in that forum about expanding bank powers and more scrutiny of financial institutions and their regulators. Consumer issues and rental housing also could become priorities in the Senate. With Democrats in control of both the House and the Senate, there could be more cooperation between the two banking committees, but they might be more at odds with a Fepublican administration on banking legislation and matters such as nominations to the Federal Reserve Ecard.

• Some key Senate races: Seven of the 15 current Banking Committee members are up for reelection, but only Sens. Slade Gorton, R-Wash., and Mack Mattingly, R-Ga., are considered in much trouble. Chairman Jake Garn, R-Utah, will be reelected easily. Democratic Rep. Timothy E. Wirth, an outspoken cynic when it comes to expanded bank powers, is battling to become a Colorado senator and could end up on the Banking Committee.

• Some Fey House races: Banking Committee Chairman Fernand J. St Germain, D-R.I., facing allegations of wrongdoing, is in his first close race in years but should win reelection. Rep. George C. Wortley, R-N.Y., a banking supporter

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also suffering from some recent bad publicity, might not be as lucky as the chairman. Other committee members in tough battles: Reps. Stephen L. Neal, O-N.C., a subcommittee chairman; Stewart B. McKinney, R-Conn., and John Hiler, R-Ind.

• New faces from the industry: Bill Grant, a Florida Democrat who for the last 14 years has been the president of the Bank of Madison County, Madison, Fla., seems likely to win a vacant House seat. Robert Neall, a commercial loan officer for the last four years with the Annapolis Banking and Trust Co., Maryland, is doing well in his campaign for a House seat despite being at a disadvantage in name recognition and in height. His Democratic opponent is Tom McMillen, a six-foot-eleven former professional basketball player. Bill Story, once a Bank of America employee, is waging an uphill battle for a Democratic seat from Colorado. On the Senate side, Idaho Gov. John V. Evans, a Democrat, who with his family has had an ownership interest in a few banks

(c) 1986 American Banker, November 3,

there, is fighting incumbent Republican Steven D. Symms.

GRAPHIC: Drawing, Drawings by Peter Kuper

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As we begin the task of implementing the Financial Institutions Reform, Recovery and Enforcment Act of 1989 it is essential that the FDIC be able to operate with absolute independence and without interference of any type from any direction.

Please consider this letter to be a formal request from both our Committees to maintain careful records of any and all inquiries from any source concerning potential enforcement actions being considered by the FDIC.

We further request a complete formal listing be made of all such contacts indicating the source of the contact, the stated purpose, any information requested or actions suggested to the agency, and any other pertinent information. These lists should be sent to our respective Committees on a weekly basis until further notice.

We appreciate your giving this matter your highest priority.

Hany Sugeles

Henry B. Gonzalez
Chairman

Sincerely,

House Banking Committee

Seen tie

Donald W. Riegle, Jr.
Chairman

Senate Banking Committee

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EX. 624

SHADOW FINANCIAL REGULATORY COMMITTEE

Statement of Purpose and Membership

The Shadow Financial Regulatory Committee is a group of independent experts on the financial services industry and its regulatory: structure. The purposes of the Committee are: (1) to identify and analyze developing trends and ongoing events that promise to affect the efficiency and safe operation of sectors of the financial services industry, (2) to explore the spectrum of short- and long-term implications of emerging problems and policy changes, (3) to help develop appropriate private, regulatory and legislative responses to such problems, and (4) to assess and respond to proposed and actual public policy initiatives with respect to their impact on the public interest.

The results of the Committee's deliberations are intended to increase the awareness and sensitivity of members of the financial services industry, public policy makers, the communications media and the general public to the importance and implications of current problems, events and policy initiatives affecting the industry.

Members of the Shadow Financial Regulatory Committee are drawn from academic institutions and private organizations and reflect a wide range of views. The Committee is independent of any of the members' affiliated institutions or of sponsoring organizations. The recommendations of the Committee are its own. The only common denominators of the members are their public recognition as experts on the industry, and their preferences for market solutions to problems and the minimum degree of government regulation consistent with efficiency and safety.

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Mid America Institute for Public Policy Research

University of North Carolina

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