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Senate Unit OKs Holding Firms Curb
The Senate Banking Committee revised and approved a House bill to prevent holding companies from acquiring more than one savings and loan association. A two year time limit was added and the Home Loan Bank Board must study the issue and report to Congress within a year. California witnesses opposed the measure at the hearing.
MENTIONED IN THIS ARTICLE
Washington UF
Senate Banking Committee
Savings and Loan Association
Home Loan Bank Board
Congress
California
Charles M Hughes
Beverly Hills
Southern Counties Financial Corp
W. J. Bowman
Security Savings and Loan Assn
Oakland
Orville Chatt
San Diego Imperial Corp
H. N. Berger
Financial Federation Inc