HEARING

BEFORE A

SUBCOMMITTEE OF THE
COMMITTEE ON BANKING AND CURRENCY

UNITED STATES SENATE

Congress

SEVENTY-SEVENTH CONGRESS

FIRST SESSION

ON

H. R. 4693

AN ACT TO AMEND THE NATIONAL HOUSING ACT,

AND FOR OTHER PURPOSES

JUNE 2, 1941

Printed for the use of the Committee on Banking and Currency

ROBERT F. WAGNER, New York, Chairman CARTER GLASS, Virginia

CHARLES W. TOBEY, New Hampshire ALBEN W. BARKLEY, Kentucky

JOHN A. DANAHER, Connecticut JAMES F. BYRNES, South Carolina

ROBERT A. TAFT, Ohio JOHN H. BANKHEAD, Alabama

JOHN THOMAS, Idaho
ALVA B. ADAMS, Colorado

JOSEPH H. BALL, Minnesota
FRANCIS MALONEY, Connecticut
GEORGE L. RADCLIFFE, Maryland
PRENTISS M. BROWN, Michigan
JAMES H. HUGHES, Delaware
CLYDE L. HERRING, Iowa
WILLIAM H. SMATHIERS, New Jersey
D. WORTH CLARK, Idaho
SHERIDAN DOWNEY, ('alifornia
ABE MURDOCK, Utah

PHILIP LEVY, Clerk

SUBCOMMITTEE ON HOME LOAN BANK AND RELATED MATTERS

JOHN H, BANKHEAD, Alabama, Chairman ROBERT F. WAGNER, New York

JOHN A. DANAHER, Connecticut
ALBEN W. BARKLEY, Kentucky

KOBERT A. TAFT, Ohio
FRANCIS MALONEY, Connecticut
GEORGE L. RADCLIFFE, Maryland
PRENTISS M. BROWN, Michigan
SHERIDAN DOWNEY, California
II

LIBRARY OF CONGRESS

JUN 1 8 1941
DIVISION OF OOOUMENTS