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Patman seeks federal controls on bank trusts and foundations
Rep Wright Patman chairman of the House Banking and Currency Committee proposes legislation to bring foundations pension funds and bank trust departments under direct federal control He would expand SEC powers to curb the growth of bank trust departments and strengthen separation between commercial banking and investment banking He outlined ten areas of proposed regulation.
MENTIONED IN THIS ARTICLE
Stephen M. Aug
Washington Star
House
Banking and Currency Committee
Rep
Wright Patman
Texas
New York
Securities and Exchange Commission
Patman