Stanford Law Library

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COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS

ALFONSE M. D'AMATO, New York, Chairman

PHIL GRAMM, Texas
RICHARD C. SHELBY, Alabama
CONNIE MACK, Florida

LAUCH FAIRCLOTH, North Carolina
ROBERT F. BENNETT, Utah
ROD GRAMS, Minnesota
WAYNE ALLARD, Colorado
MICHAEL B. ENZI, Wyoming

CHUCK HAGEL, Nebraska

PAUL S. SARBANES, Maryland
CHRISTOPHER J. DODD, Connecticut
JOHN F. KERRY, Massachusetts
RICHARD H. BRYAN, Nevada
BARBARA BOXER, California

CAROL MOSELEY-BRAUN, Illinois
TIM JOHNSON, South Dakota
JACK REED, Rhode Island

HOWARD A. MENELL, Staff Director

STEVEN B. HARRIS, Democratic Staff Director and Chief Counsel
PHILIP E. BECHTEL, Chief Counsel
PEGGY KUHN, Financial Analyst

MARTIN J. GRUENBERG, Democratic Senior Counsel
SARAH BLOOM RASKIN, Democratic Counsel
GEORGE E. WHITTLE, Editor

CONTENTS

THURSDAY, MAY 1, 1997

Opening statement of Senator Faircloth

Opening statements, comments, or prepared statements of:

Senator Bryan

Senator D'Amato

Senator Allard

Significant OCC Actions to Ensure Bank Safety & Soundness

Significant OCC Actions Ensuring Fair Access to Financial Services ..

Attachment 2

Introduction and Summary Conclusion

Discussion

Conclusion

Attachment 3

The Safety Net Subsidy Myth: Separating Fact from Fiction

Appendix 1

Response to written questions of:

Senator Sarbanes

Senator Bryan

ADDITIONAL MATERIAL SUPPLIED FOR THE RECORD

Letter from Eugene A. Ludwig, Comptroller of the Currency to Senator Rich-
ard H. Bryan, dated May 28, 1997

(III)

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