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BIS 128 Cochran reports on monthly meeting 6/14/38 128: 446 BIS 134 Treas. reaction requested to signing of a treaty arrangement which would make BIS fund in U.S. inviolable a) Discussed at 9:30 meeting 7/13/38 134: 143 7/14/38 174 BIS 145 Cochran reports on first meeting after summer recess 10/11/38 145: 178 a) Conversation with Schacht b) R " Trip (Netherlands Bk.) 183 c) " " Janesen (Belgian Natl. Bk.) 185 d) " " Bachmann (Swiss n ") 187 e) " " Azzolini (Bk. of Italy) 189 f) " " Fournier (Bk. of France) 191 BIS Cochran's report on meeting 1/10/39 15959267 BIS 164 Cochran report on annual meeting 2/14/39 164: 317 BIS XXX Cochran reports on meeting 3/14/39 169: 151 169 BIS 176 Meeting reported on by Cochran 4/4/39 176: 77 a) Italy: Bank of Italy officials "genminely unhappy" over growing strength of Germany; wish French would permit sufficient rapprochement between France and Italy to cause Germans worry 81 b) Germany: Puhl, (Acting Vice Pres. of Reichsbank). (Brinkmann in insane asylum), and Cochran have long talk 87 BIS President (Beyen) retires in 1940; Presidential 189 candidates discussed - an American named: Cochran reports 5/9/39 189: 1 Reichsbank set-up discussed 5/9/39 12 BIS 197 McKittrick (T.H.), partner of Higginson and Co., London, elected to succeed Beyen as Pres., effective 1/1/40 197: 143 BIS McKittrick as President: Pennachio (rep., Bank of Italy in Paris) asks Cochran concerning availability 4/27/40 258: 45 258 BIS Leu Pennachio informed Treas., Fed. Ees. Bd., and FHB of NY would have no objections to naming of McKittrick as director and chairman 5/9/40 260: 450 260 BIS Transferred from Basel to Chateau d'Oex, near Gstand, 262 in the Bernese Oberland 5/15/40 262: 360 BIS See War Conditions: Foreign Funds Control 296 See also Books 318 321 374 434 BIS See War Conditions 302 4 See also Books 331 339 351 407 418 419 BIS Report of 11th annual meeting 6/16/41 409: 236 409 BIS Investigation called for by Congressman Voorhis 622 of Calif. 4/1/43 622: 94 BIS See Post-War Planning: Internatl. Monetary Conf., 752 Bretton Woods, N.H. BIS 831 McKittrick's (Pres.) account to Schmidt of wartime role: Schmidt memo 3/23/45 831: 329 ff Bank for Reconstruction and Development of United and Associated Nations 526 See Post-War Planning Bank for United and Associated Nations 545 See Post-War Planning Bank Holding Co. Legislation See Bank of America Bank Holding Co. Legislation Bank of America and Transamerica: Additional 342 branch banks discussed with Carter Glass in view of proposed legislation; he asks that none be granted 12/21/40 342:2 a) Frank informed Bank Holding Co. Legislation 344 Conf. with Glass: Foley memo 1/2/41 344: 98 a) Proposed bill 103 Memo on legislation for FDR 1/3/41 296 Padding - sub. to goot sea. to h med as of goal ml of Cos (Band hu.) intestionary before Engans 1/6/21 Big 345. 64 TRM. mine to Barkeley as to type after Tr. grfus 1/6/81 BK345 73 Smith Bill 645: 76 Bank Holding Co. Legislation 346 HMJr and Wagner discuss possible introduction today of Glass bill 1/9/41 346: 183 a) HMJr and Foley discuss language of bill 185 Delano to be bold to prepare material to be used at hearings 1/10/41 293 a) Memo to Delano from HMJr 1/10/41 438 Bank Holding Co. Legislation 347 Eccles' letter to HMJr protesting lack of cooperation on the part of Treas. in not consulting Fed. Res. Bd. concerning new legislation 1/13/41 347: 152 Bank Holding Co. Legislation O'Mahoney (Chairman, TNEC) consulted about 348 possible support for bill 1/15/41 348: 79 FDR suggests that Treas., FDIC, Comptroller of Currency and Fed. Res. Bd. cooperate 1/16/41 246 Bank Holding Co. Legislation 349 HMJr and Foley confer with Glass alone 1/18/41 349: 18 a) Glass states that FDR said to him he was "neither for nor against a bank holding CO. bill containing a death sentence" b) Glass favors bill as it stands at the moment but introduced it "with reservations" allowing leeway in case of stiff opposition Conf.; present: HMJr, Bell, Delano, O'Connell, and Foley 1/21/41 133 a) 'History of bank holding CO. problem given by Delano Glass bill 155 2 Bank Holding Co. Legislation 349 Conf.; present: HMJr, Delano, Bell, Foley, O'Connell, Eccles, Crowley, Schenker (Jones unable to be present) 1/21/41 349: 198 a) 1938 correspondence with FDR attached 213 b) 1/3/41 memo to FDR attached 219 Bank Holding Co. Legislation Effect of group banking on the availability 374 of bank facilities: Compt. of Cur. memo 2/21/41 374: 208,210 Bank Holding Co. Legislation 375 Foley memo 2/25/41 375: 218 Bank Holding Co. Legialation Conf.; present: HMJr, Delano, Upham, Williams, 387 Foley, Bell, Sherbondy, O'Connell, and Kuhn 4/9/41 387: 203 a) Foley draft of statement before Banking and Currency Committee 234 b) Crowley-HMJr conversation 273 c) Philosophy of bks. controlled in their own community discussed by HMJr and Foley 275 Bank Holding Co. Legislation 388 HMJr's testimony before Congress discussed by reps. of offices of Secy., Gen. Counsel, and Compt. of Cur. 4/11/41 a) Draft 388:77 95 Bank Holding Co. Legislation Draft of statement by Delano (hearings not 391 held and statement not made) 4/25/41 391: 23 Bank Holding Co. Legislation Eccles' point of view and HMJr's disagreement 401 therwwith 5/23/41 401: 244 Bank Holding Cos. 734 Regulations fax discussed by HMJr and O'Connell 5/20/44 734: 28 Bank Helding Co. Legislation 815 Crewley will join HMJr in opposition to Ecoles XXXX plan 2/1/45 815: 8 BEN gine H msr asume prograting to 0' Connell- Delano. Bill- Hmsr Conv. 2/5/45 816: 96 1) Hmsr will hold to his 1939 position :91 Bank of America See Transamerica 107 See also Books 108 474 660 Bank of America Conf. between Crowley and Giannini in Calif. 125 discussed at 9:30 meeting 5/23/38 125: 403 Bank of America 131 HMJr asks Oliphant for advice on telegram from Giannini with regard to Bk. of America and Natl. Labor Relations Bd. rulings 6/28/38 131: 226 Discussion at 9:30 meeting 6/29/38 241 Giannini sends HMJr copy of letter addressed to mgrs. of 493 branches; subject: RFC loans for capital purchases 6/22/38 290 Bank of America 134 Telegram to White House concerning applications pending in Comptroller's office for xaxktexe various branches 7/12/38 134: 78 a) Transmitted to HMJr and returned to White House "without comment" Bank of America FDR told by HMJr Fed. Ree., FDIC, and Acting 139 Comptreller of Currency have forwarded instructions not to declare dividend 9/13/38 139: 151 a) FOR and HMJr discuss $5 million sum owed by Stewart, Chan. of M. - Fed. Res. Ek. of XX * Sen Francisco, plus amt. owed by his cos. HMJr consults Tom K. Smith 9/13/38 155 # # Diggs 157 1 I XXXX *ba) Digge reports dividend declared (ticker) 9/14/38 139: 219 o 8) Upham asked to remain on Coast an extra day 9/14/38 225 Bank of America 141 Oliphant informs HMJr Smith and he agree Bk. of America and Transamerica cannot be separated 9/15/38 141: 15 Upham instructed to return to Washington 9/15/38 17 SEO asked to send one of the commissioners to meeting at which Treas., Fed. Res., FDIC, and RFC will be represented 9/15/38 20 HMJr tells Oliphant FDR suggests injunction in District of Columbia to prevent payment of dividends 9/16/38 71 Bank of America 142 Fed. Res. to be asked for hearing xx8t HMJr tells Jones of receipt of message by Comptroller 9/21/38 142: 65 STHEN Stewart's holding of stock again discussed by HMJr and Ranson 9/21/38 72 again discussed at 9:30 meting; HMJr fears nothing is going to be done 9/26/38 244 Bank of America Nccles "phones * HMJr from Utah concerning 143 Stewart resignation 9/27/38 1438 113 a) Ranson 'phones HMJr 110,125 Bank of America Duffield, at 9:30 meting, told to study entire 49 case from HMJr's confidential files and also talk to Uphas concerning 11/1/38 149: 5 Duffield discusses at 9:30 meeting 11/2/38 114 HMJr (at Fishkill) discusses with Treas. group handwritten parteript postscript to Giannini: "Up to the time I received your telegram, I did not know that such a thing as the Wilcox letter existed" 11/4/38 214 Bank of America 250 Giannini statement "I did not sign directors' letter and an therefore free to act on by own and independently of the bank" discussed at 9:30 meeting 11/9/38 the Chart of Fed. agencies concerned discussed 150: 12 at 9:30 meeting 11/9/38 17 Deposits in the Anglo-California Natl. Bk. (San Francisco) and in E. of America discussed by Bell at 9:30 meeting 11/9/38 22 Answer to Giannini discussed at 9:30 meting 11/14/38 265 Bank of America HMJr tells FOR that SEC is prepared to move 151 on Transamerica 11/18/38 151: 213 a) HMJr's note to FDR at Cabinet 273 HMJr thanks Douglas for cooperation on of SEC 11/19/38 292 Bank of America 152 HMJr, Douglas, and Crowley confer concerning proposal to delist Transamerica securities 11/23/38 152: 406 Bank of America 153 Hanes confere with Delano and Gaston; Hanes tells HMJr undoubtedly Comptroller's Office will have to issue statement 11/25/38 153: 39 Bank of America 155 HMJr tells Hanes of call from FDR asking that he see "young Giannini"; HMJr tells FDR Comptroller of Currency is handling matter very well and that he (HMJr) is being kept "as an ace in the hole" 12/8/38 145 Folger (Comptroller of Currency) tells Giannini people he has followed bank for 10 yrs. and knows as much about it as the Gianninis themselves 12/12 12/10/38 224 Crowley feels Delano and Jones "left him on a limb" before conf 12/10/38 Defamatory remarks of HMJT, etc., discussed 224 at 9:30 meeting 12/12/38 289 Bank of America See Banking Legislation 157 Bank of America 159 Conciluatory letter from Giannini 12/31/38 discussed at 9:30 meeting 15% 1/5/39 159: 110 Jones reports to Taylor Giannini recommendation are to be accepted 1/6/39 181 Bank of America Douglas reports to HMJr on "stay slapped on by 60 Richberg that's returnable tomorrow morning in District Court" 1/16/39 160: 197 Bank of America Murphy censults HMJr about cooperation of Comptroller of Currency, Justice, and SEC E1 on injunction suit 1/19/39 161: 72, 88.230 Bank of America 162 HMJr tells Douglas Upham and Folger agreed separately that HMJr had the right to furnish SEC wi th copies of bank reports/ bathing 1/27/39 162: 258 Bank of America Douglas tells HMJr it has been suggested that he 64 meet Giannini at Chevy Chase Country Club for complete resume'; consid ers plan ridiculous 2/9/39 164; 175 Bank of America Giannini planning to sue SEC - Douglas tells HMJr 3/8/39 168: 138 168 Bank of America James Roosevelt discusses with Hanes 3/24/39 171: 69 171 176 Bank of America HMJr's memo made at Sea Island, Ga.,: FDR suggests letter from Giannini agreeing, in future, that if any Govt. agency (Comptroller of Currency, FDEC. etc.) feels Bank is impairing its capital by paying dividends it will wi thhold payment of such a) dividends b) 4/4/39 176: 90 Douglas (Wm. 0.) tells HMJr understanding with wi th regard to Transamerica has been completely explained to Frank and Eichner 4/4/39 91 James Roosevelt confers in person with th Hanes in furtherance of telephone conversation (See Book 171, page 285) 4/4/39 94 69 Bank of America 7 Giannini (Mario) to confer with Delano 4/11/39 177: 290 Bank of America Delano tells HMJr letter being prepared for 178 presentation to Mario Giannini is under fire at Fed. Res. Bd. 4/12/39 178: 48 Bank of America 194 Atty. Gen. " tells Foley FDR asked him to look into case while he was on West Coast; a fakeep rks got reports that case was ruining the movie industry and the banking situation; if Treas. is right, Atty. Gen. proposes to go ahead full speed -- and if not, he plans to reexamine entire case 6/5/39 194: 69 a) HMJr discusses with Murphy 75 Bank of America 204 Delano and HMJr discuss outrageous telegram from Giannini 7/24/39 204: 249 Bank of America Conf. on Jones' suggestion that application for 205 new capital be considered; present: Hanes, Upham, Mulroney, Foley, and Gaston 8/11/39 206: 1 122 a) Treas. opposed until Bank of America has made satisfactory reply to Comptroller's letter of criticism of 7/31/39; Jones so informed in Los Angeles ****)** Bank of America 212 Giannini "telling anyone interested that James Roosevelt is endeavoring to bring about settlement" a) Discussed by Foley at 9:30 meeting 9/18/39 212: 59 b) HMJr discusses with Frank 9/18/39 81 c) HMJr asks Murphy to see Foley 9/18/39 79 Bank of America 220 Frank (Jerome) discusses with HMJr his concern over Rogge's procedure in California 10/30/39 220: 77 Bank of America 221 HMJr discusses situation with Landis 11/8/39 221: 392 Bank of America 223 HMJr asks Landis for assistance; Dean Lloyd Garrison (Univ. of "isconsin) also to be asked; also Greenbaum 11/22/39 223: 345, 348, 357 Bank of America Upham and HMJr clear up misunderstanding of Hanes' 224 statement that "he'd consider this December 15th a gentlemen's agreement" 11/26/39 224: 80 Bank of America 231 Natl. Labor Relations Bd. jurisdiction (operating in interstate commerce against across state lines?) discussed by Hanes and HMJr at 9:30 meeting 12/20/39 231: 53 a) Foley asked to keep informed Bank of America 231 Natl. Labor Relations Bd. jurisdiction (operating in interstate commerce against across state lines?) discussed by Hanes and HMJr at 9:30 meeting 12/20/39 231: 53 a) Foley asked to keep informed Bank of America Fed. Res. Bd. asked by Bank to make examination on their own responsibility; copy of request sent to Treas. by Bd. 1/4/40 233: 197 a) Discussed at 9:30 meeting Trial lawyer to act for Treas. discussed by HMJr and Judge Lehman 1/4/40 208 a) 1/5/40 Further discussion at 9:30 meet ng 345 Bank of America 234 Fees for examiner, etc., discussed at 9:30 meeting 1/10/40 234: 262 Bank of America 295 Seymour, "hitney: Oath of office if engaged by Comptroller as Special Counsel in connection with Bank of America discussed at 9:30 meeting 1/11/40 235: 17 Wagner (Senator, N.Y.) and HMJr discuss resume of past year 1/11/40 33 Skag a) HMJr discusses with Steagall 39 Carter Glass, Wagner, and Steugall asked to meet with HMJr, Delano, Bell, and Foley 1/12/40 172,196 Delano detaches certain natl. bank examiners for exclusive assistance to Seymour in prosecution of case 1/12/40 198 2 Bank of America $80 million/d838sit in Bank discussed by Foley 235 at 9:30 meeting 1/15/40 235: 309 Bank of America San Francisco News article "Giannini Opens War to End on Morgenthau" discussed at Treas. group meeting 1/20/40 236: 442 Bank of America 237 Fed. Res. Bd. asked to meet with Treas. so that united front may be presented 1/24/40 237: 289 To be represented by Cushing and Cushing, of San Franciaco, at hearing on Feb. 14 1/25/40 341 Bank of America Hearing discussed by HMJr and Bell 2/14/40 241 241: 21 a) United front with Eccles Conversation between Bell and Cushing (atty. for Bank) 2/15/40 60 Bell tells Greenbaum results of meeting 2/17/40 124 Bank of America 245 Bell reports at 9:30 meeting agreement will probably be reached today 3/5/40 245: 194 Bank of America 246 Program as worked out by Treas., Comptroller of Currency, and SEC explained to Cushing by Bell and Foley 3/8/40 246: 134 Bank of America 247 Eccles, now that Bank has accepted plan, tells HMJr he feels everyone should/Eongratulated 3/14/40 247: 84 # Delano discusses acceptance with HMJr 3/14/40 89 Foley reports that Cushing left in amicable mood 3/15/40 161 Landis thanked for his assistance 3/18/40 265 Bank of America Articles of Assn. covering increased capital: 251 Bell memo 4/5/40 251: 33 Bank of America 255 Frank's position "embarrassing publicity may result from having one Govt. agency make a loan when another agency is proceeding against Transamerica again discussed by Frank and HMJr prior to Frank's interview with Jones 4/18/40 255: 205 Bank of America 262 Investigation by FBI of contribution by Giannini 5/14/40 262: 250 a) Report on Rozan (Max) and Unschuld (Henry) 5/14/40 289 Bank of America See also RFC Rgan (max) FBI report as made by Unschuld (Henry) concerning 268 Giannini: and given to Secret Service 5/23/40 cont. to Bund togt Mm5ru 265: 274 a) Wilson (s.s.) ammunt BK266: 165 Bank of America Ickes tells HMJr Olsen (Gov., Calif.) has 268 called him about "some case"; HMJr says Bank of America case is closed and SEC is handling Transamerica 6/4/40 268: 276 Bank of America RFC lends $27 million; $211 million invested in 272 San Francisco Bridge bonds - Bell tells 9:30 group 6/13/40 272: 192 Delano memo 6/14/40 413 Bank of America 328 HMJr warns "nothing unless over my signature" 11/6/40 328: XXX 254 Bank of America Cooperation with Japan indicated by White 332 at 9:30 meeting 11/27/40 332:xXXX 22 Bank of America Entire Giannini situation discussed by Frank 337 and HMJr in view of approaching hearing before SEC 12/8/40 337: 18 a) Frank upset for fear HMJr had made certain promises to Natl. Democratic Com. before election b) Frank intimates Jones' interest & may be because he is a Catholic HMJr tells 9:30 group of Frank talk 12/9/40 22 a) Delano 111; HMJr will not act until Deland can participate Has pm. arganization chart en 335:322 2/11/20 Bank of America See Bank Holding Co. Legislation 342 354 Book 354 Bank of America Upham Chronology, 10/22/37-5/11/39, together with file prepared in July 1939 for Smith, Spencer, and Ottley 355 Book 355 Bank of America Sherbondy Chronology September 1938 - May 1939 . 356 Book 356 Bank of America Consolidated Report 11/21/38-2/28/39 357 Book 357 Bank of America Oct. 7, 1937 - Sept. 20, 1938 Bank of America Preliminary investigation: Oliphant memo 357 10/7/37 357: 1,3 Notes concerning Bank of America Natl. Trust and Savings Assn. 10/22/37 6 a) O'Connor letter stating additional facts 10/2/37 17 b) Supplementary explanation of losses provided Compt. of Cur. in connection with request for branches 7/9/38 135 The Giannini System 14 Conf. of Treas. group; present: HMJr, Magill, Taylor, McReynolds, Lochhead, Bell, Gibbons, Haes, Gaston, and Oliphant 1/24/38 20 Crowley report: "Some Factors Involved in the Question of Dissolution of Bank Holding Cos." 1/28/38 * a) (Over) 50 * a) Crowley memo: "Arguments for 1 Reorganization of Bank Supervision" 1/28/38 357: 53 2 Bank of America Resume of activities of Comptroller of 357 Currency for 1937 357: 56 Conf.; present: HMJr, Magill, Taylor, Oliphant, Gaston, Lochhead, Upham, Gibbons, McReynolds, Haas, and Bell 1/31/38 58 a) Possible trouble with Comptroller's office discussed O'Connor informs HMJr of Giannini conf. with Growley who will now grant applications for branch banks as requested 1/31/38 75 SEC's interest indicated 1/31/38 76 Call report form (uniform) for Compt. of Cur., Fed. Res. Bd., and FDIC discussed by HMJr, Eccles, Ransom, Taylor, and Oliphant 2/1/38 91 Paganucci stock distribution without registration discussed in SEC memo 2/1/38 93 3 Bank of America Bank Holding Co. Legislation: 357 Randolph Burgess prefers restrictive regulatory legislation rather than "death sentence" legislation 2/3/38 357: 94 Treas. group, Compt. of Cur., Jones, Fed. Res. group, and Crowley (FDIC) confer on FDR's request for "a statement to be part of his message to Congress on monopolies" 3/10/38 108 Oliphant opinion that Secy. of Treas. must at all times have access to material legally available to Compt. of Cur. 2/7/38 97 Central Bk., Oakland, Calif. (part of Transamerica Corp.) requests establishment of 3 branches: FDIC memo 2/16/38 98,101,129 4 Bank of America Natl. Labor Relations Bd. requests info. 357 for use in determining whether Act applies to Bank of America 5/26/38 357: 131 Conf.; present: HMJr, Taylor, Upham; Diggs and Folger (Compt. of Cur.); Irey 9/9/38 143 a) Upham report on examinations and subsequent lack of improvement discussed 1) Tie-in of new chairman of FRB of San Frandsco with Transamerica group discussed 144 a) Chmn. (A.O. Stewart) owes Bank of America approx. $8-11 million 211,333 * * 5 Bank of America Gen. Counsel's Office asked for opinion 357 as to whether confidential info. of Office of Compt. may be shown to Tom K. Smith, Jeff Coolidge, and Robt. M. Hanes 9/12/38 357: 174 a) Oliphant opinion 9/13/38 247 Dividend by Bank of America for 2nd half of 1938 discussed 9/12/38 174 a) FDR suggests preventing any dividend at all 177 Bk. examinations and inadequate follow-up in Wash. office discussed in Upham memo 9/12/38 179 Revision of Comptroller's Office as outlined by Upham 9/28/38 183 4 Bank of America Natl. Labor Relations Bd. requests info. 357 for use in determining whether Act applies to Bank of America 5/26/38 357: 131 Conf.; present: HMJr, Taylor, Upham; Diggs and Folger (Compt. of Cur.); Irey 9/9/38 143 a) Upham report on examinations and subsequent lack of improvement discussed 1) Tie-in of new chairman of FRB of San Frandsco with Transamarica group discussed 144 a) Chmn. (A.O. Stewart) owes Bank of America approx. $8-11 million 211,333 * ** * b) FRBd., Wash., assured that copy of exam. was received by FRB of San Francisco on 4/25/38 in spite of their denial 9/14/38 357: 251,283, 286,291, 293 c) Stewart and Pacific Coast Mortgage Co. tie-in discussed in Upham letter 9/15/38 333,400 414 ** b) Program signed by Diggs and Folger and HMJr asks for time-table on each suggested step 172 5 Bank of America Gen. Counsel's Office asked for opinion 357 as to whether confidential info. of Office of Compt. may be shown to Tom K. Smith, Jeff Coolidge, and Robt. M. Hanes 9/12/38 357: 174 a) Oliphant opinion 9/13/38 247 Dividend by Bank of America for 2nd half of 1938 discussed 9/12/38 174 a) FDR suggests preventing any dividend at all 177 Bk. examinations and inadequate follow-up in Wash. office discussed in Upham memo 9/12/38 179 Revision of Comptroller's Office as outlined by Upham 9/28/38 183 6 Bank of America Giannini tie-in with Calif. delegation 357 at 1940 Democratic convention discussed in Upham memo 9/12/38 357: 187 Dividend situation again discussed by HMJr, Oliphant, Hanes (John w.), Upham, Gaston, Graves, Diggs, and Folger 9/13/38 192 a) Ransom and Crowley join group 213 b) Drafts of telegram to Bank of America advising against any dividend at this time 9/13/48 252 1) Giannini answer 9/15/38 334,431 c) SEC asked to proceed immediately with further investigation of Transamerica 9/14/38 260 c) Bank declares usual dividend; situation discussed by HMJr, Hanes, Oliphant, Gaston, Tom K. Smith, Digge, and Folger 9/14/38 261 * 1) RFC, FRB, FDIC, and SEC join group 357: 304 7 Bank of America 357 Upham leaves for San Francisco 9/13/38 357: 212,250 a) Upham report 9/20/38 430 Farley asked by HMJr to keep political pressure off Treas. in this connection 9/14/38 292 Possible investigation by SEC discussed by Treas. and Compt. of Cur. group 9/15/38 339 Courses of action by Treas. after disregard of warning and declaration of dividend set forth in Oliphant memo 9/15/38 368,372 Upham, Cyril B.: Resume of career 385 Oppegard, Goodwin J.: M " " 390 Gough, E. H.: " " " 391 Digge, Marshall R.: " " " 392 358 Book 358 Bank of America Sept. 21 - Oct. 20, 1938 Bank of America Resume of examinations of Bank of America 358 Natl. Trust & Savings Assn. and Bk. of Italy Trust & Savings Assn. 9/21/38 358: 1 Barse (Gen Counsel, Compt. of Cur.) memo on Chas. W. Collins, now atty. for Bank of America and formerly Deputy Compt. of Cur. 9/21/38 6,8 a) Oliphant chides Barse for establishing "independent line of communication" 34 b) Collins tells Upham conf. between present personnel of Compt. of Currency's office, Mario Giannini, and Russell G. Smith "would produce results" 10/23/38 339 A.O. Stewart-Transamerica Corp. connection as revealed by files of SEC 9/21/38 9,38 # a) (Over) * a) If FRBd. does not take action within 10 days, HMJr will seriously consider discontinuing their franchise as Treas. fiscal agents 9/21/38 358: 19 1) Day (Pres., FRB of San Francisco) in Wash. and Ranson suggests that HMJr see him 9/22/38 22 a) Conversation discussed with Treas. group 9/22/38 50 2) Possibility of FRBd. acting if Treas. had not taken initiative discussed by HMJr, Hanes, Oliphant, Upham, and Gaston 9/22/38 25 2 Bank of America 358 O'Connor conf. with HMJr on possible reappt. as Compt. of Cur. described to Hanes, Oliphant, Upham, and Gaston 9/21/38 358: 15 HMJr's talk with FDR during which Preston Delano 1s recommended by HMJr 9/22/38 25 a) Upham to be Deputy Comptroller 32 b) HMJr disapproves Gaston's request to Early that Delano be identified with Mass. rather than Calif. on commission 9/22/38 54 c) Ecclea' letter of congratulation to HMJr 9/24/38 65 d) Legality reported on by Upham 9/26/38 77 Asst. Secy. of Treas. in chg. of banks discussed by FDR and HMJr 9/22/38 26 * * a) HMJr will not oppose independent agency known as Commissioner of Bank Exams. but he will oppose having it under Fed. Res. 358: 29 ( 3 Bank of America 358 Conf. between Treas. group and SEC 9/22/38 358: 38 a) Stewart-Transamerica Corp. connection discussed Compt. of Cur. letter of criticism on report of examination of Bank of America 9/23/38 58 a) Copies sent to Ransom, Crowley, Jones, and Douglas 66 A.O. Stewart: Resume of examinations 68 a) Eccles urged to clean up situation immediately 9/27/38 112,140 1) Stewart resignation in hands of FREd. 9/29/38 141 Anglo-Calif. Natl. Bk.: Conf. on talks between Acting Compt. of Cur., Chief Natl. Bk. Examiner, Mortimer Fleishhacker, and Paul Hoover 84,87,93,94 96,99,106,113, * a) (Over) 130,133,139 * a) Upham urges that letter go out before Oct. 1 since dividend will be declared on that date 9/28/38 358: 125 4 Bank of America Giannini and FRBd. exchange telegrams 358 9/27/38 358: 116 Diggs' letter of resignation ready 9/29/38 141 a) Resignation discussed with Early 9/30/38 198 Oppegard "will give consideration" to request for resignation 9/29/38 141 Anglo-Calif. Natl. Bk.: Conf.; present: Treas. group, Tom K. Smith, Delano, Jesse Jones, Sedlacek, Crowley, Ransom, Husbands (RFC, and Folger 9/30/38 142 a) Items of criticism listed 189 Bk. of America reply to Compt. of Cur. letter addressed to Bd. of Directors under date of 9/23/38 10/1/38 224,301 5 Bank of America 358 Anglo-Calif. Natl. Bk.: Upham, as Acting Compt. of Cur., sends letter of criticism based upon report of latest exam. to Mortimer Fleishhacker (Chmn., Bd. of Directors) 10/3/38 358: 229 a) Conf. to discuss selection of Committee by slate to confer with Treas. discussed by Treas. group 10/6/38 253 b) Answer from W.E. Buck (member of Bd. of Directors) promising cooperation 10/12/38 297 c) Sedlacek reports on reclassification of criticised assets 10/12/38 298,300 6 Bank of America 358 Bank of America Natl. Trust & Savings Assn.: Opinions of Louis Ferrari (Vice Pres. and Counsel) on purchase and sale of real estste and on loans listed by Compt. as exceeding limits on capital requirements for natl. bks., etc. 10/10/38 358: 271 Anglo-Calif. Natl. Bk.: Foley reports on trip to investigate 10/10/38 278 359 Book 359 Bank of America Oct. 21 - Nov. 20, 1938 Bank of America 359 Suggested tentative draft of letter of warning to be sent by Comptroller's Office 10/21/38 359: 1 White House: McIntyre's memo for record indicating that Giannini has no form of "back door" or personal influence there 10/22/38 17 Anglo-Calif. Natl. Bk.: Herbert Fleishhacker's resignation asked for; if not forthcoming, he will be removed as pres. of bk. by bd. of directors 10/24/38 18 a) HF announces he will not resign nor permit himself to be kicked out; 2/3 of entire bd. must vote to declare office of pres. vacant; Sedlacek advises 19 conservator 10/25/38 if HF does not resign: Upham memo * a) Oliphant-Delano opinion 10/27/38 359: 30 b) Samples of correspondence between Giannini and White House 35,173 2 Bank of America 359 1) Canvass of directors meets with considerable success but 2/3 vote not yet assured: * Upham memo 10/26/38 359: 23 Section 30: Problems of procedure under - Eccles memo 10/27/38 26,27, a) Upham's suggested reply 10/28/38 1386 b) Discussion of proposed answer by HMJr, ** Hanes, Taylor, and Oliphant 10/31/38 107 FDIC reaction to examination of Bank of America and problems presented therein 10/28/38 104 Transamerica Corp.: Chart showing organization as of 11/1/38 110 - - * b) Details of manner in which resignation was presented a) Ecclis' Gong holko 14/08 226 and accepted 10/27/38 359: 80 c) Giannini congratulates HMJr on "forcing issue" 10/28/38 102 d) HF loans: Mortimer Fleishhacker resume prepared for Comptroller's Office 11/2/38 130 1) A.D. rynh - other stups taxes mut ** 1) Delano to initial answer before 4/38 185 HMJr will sign 108 c) Several suggested answers discussed by HMJr, Hanes, Oliphant, Upham, Foley, and Duffield 11/2/38 113 d) Actual answer of 11/2/38 131 sats to Comp: 1).Comp.'s letter "13/38 - 1381 e) Ransom, McKee, and Szymezak interviewed by Upham on reaction of Bd. 11/5/38 359: 166 3 Bank of America Currie (Lauchlin ) suggested by HMJr as 359 head of Economic Research in Comptroller's Office 11/2/38 359: 115 "Cut-back" or sale of preferred stock at premium: Memo for Upham on courses open to Comptroller 11/3/38 139 "Wilcox letter" and Giannini's letter to HMJr based thereon 11/2/38 142 a) Hanes memo on conf. to prepare answer 11/3/38 137 b) HMJr $ answer 11/4/38 141,144 FRBd. examiners interviewed by Duffield 11/5/38 169,178 a) Pacific Coast Mortgage Co. referred to as being owned by "A.O. Stewart, Giannini, Eccles, Bennett, etc." reply to HMJr ** 1) Giannini's 11/10/38 359: 218 a) Duffield's suggested reply to a to Giannini 11/14/38 228,266 1) Giannini's answer (in longhand) 11/20/38 322 4 Bank of America Anglo-Calif. Natl. Bk.: Suite filed San Francisco Chronicle report 11/8/38 359: 179 SEC interviewed by Duffield and Martin (N.Y. Stock Exchange) interviewed by Hanes; possible steps that can be taken if SEC does not act discussed by HMJr, Hanes, Taylor, Gaston, Duffield, Upham, and Oliphant 11/9/38 191 Fed. banking agencies to unite in move against Bank of America suggested by Duffield 11/10/38 222,224 5 Bank of America 359 Diggs 11/15/38 correspondence with Zach Lamar Cobb SEC transmits copy of report on 359: 231 Transamerica Corp. 11/17/38 233, 270,287 a) SEC staff meets with Treas. to discuss 11/17/38 272 EX 1) Crowley told of results of conf. by Upham 11/7/38 282 b) SEC informed by Treas. they may use, in confidence, examiners' reports 11/19/38 321 360 Book 360 Bank of America Nov. 21 - Dec. 20, 1938 Bank of America Upham's proposed letter to directors of Bank ³60 America to be followed by detailed letter of warning 11/21/38 360: 1 a) 2nd draft discussed by Treas. banking group 11/22/38 19 b) Letter as sent 11/23/38 160,161,201, 212,225,307, 368 c) Crowley's plan of action 12/7/38 324 1) Duffield comments on 330 d) Jones' conclusions 12/13/38 359 e) Giannini's acceptance of program 12/15/38 392 Anglo-Calif. Natl. Bk.: Bd. of Directors' 2nd report on progress made in correction of items criticised by Compt. of Cur. 11/21/38 4 2 Bank of America SEC group confers with Treas. 11/23/38 360: 23 a) Question of legality of showing 360 Comptroller's records to SEC discussed 1) Oliphant opinion 112 Transamerica Corp.: Proceedings before SEC to determine whether the registration of capital stock, $2 par value, should be suspended or withdrawn 11/22/38 58 a) Discussion by Treas. group 39 b) Discussion by reps. of Treas., Compt. of Cur., SEC, FRB, RFC, and FDIC 11/23/38 79,109 c) Opinion on right of Treas. to permit SEC to use records 112,136,137 d) Eccles repeats to Douglas his (Eccles') conversation with FDR concerning SEC order 229 3 Bank of America Anglo-Calif. Natl. Bk.: "Cut-back" discussion 360 by Comptroller's staff (Duffield memo) 11/28/38 360: 210 "Washington Banking Trends and Backgrounds": Resume of steps taken in Giannini case protested by Giannini 11/30/38 233,297 Pacific Coast Mortgage Co.: Conf. on ownership of stock; present: Duffield, Sedlacek, Irey and Eaton (Intelligence Unit) 12/1/38 234,242 Greenbaum reports on Calif. reaction to Giannini probe 12/2/38 236 a) Greenbaum reports on changed attitude of Giannini, as shown by statement to appear soon in Bk. of America newspaper 12/12/38 353 4 Bank of America 360 Anglo-Calif. Natl. Bk.: Rehabilitation of bank discussed by Treas. group 12/2/38 360: 239,303 a) RFC to be asked to subscribe to new issue of stock: Discussion by Treas. group and copy of letter a.B sent to RFC 12/6/38 308,322,332, 341,343 a) Jones' reply 340 Calif., State of: Supt. of Bks. - resume of background and duties (Oliphant memo) 12/7/38 327 RFC offer to Giannini to purchase any stock not subscribed for by stockholders or to lend on such stock if Bk. of America determines to increase capital stock between now and June 30; Secy. of Treas. must make request of RFC with approval of Pres. 12/15/38 396 5 Bank of America 360 Treas. and SEC reps. report to HMJr on outcome of confs. with Mario Giannini 12/17/38 360: 397,432,435 Upham resume of case expressing dissatisfaction with results to date 12/19/38 437 361 Book 361 Bank of America Dec. 21, 1938 - Feb. 20, 1939 Bank of America 361 Jones informed Treas. can add nothing to letter of 12/22/38 which Compt. has sent to Giannini * 12/22/38 361: 4 Brief of exam. given HMJr by Duffield showing need for additional $40 million in capital stock to achieve 10 to 1 ratio stipulated in the agreement 12/22/38 a) Giannini's letter ********** protesting this 5 requirement read to Treas. and SEC group by Hanes 6 b) Possible answer read and discussed 7 Time Trust: SEC reports start of investigation 12/22/38 12 Transamerica Corp.: Organization as of 12/23/38 30 * * a) Giannini's reply to Comptroller's letter 12/31/38 360: 31,39 2 Bank of America 361 Downey (Sen., Calif.) tells SEC that serious consequences to bank "would retard the economic capital of Calif. for years" 1/4/39 361: 37 Richberg retained as counsel by Bank of America for hearings before SEC 1/10/39 38 Richberg-SEC and SEC-Delano correspondence 1/16/39 40,60 Foley memo on opening of hearing on Transamerica before SEC 1/16/39 62,63,64 a) Fitts, Trial Examiner of SEC (Foley memo) 1/18/39 65 3 Bank of America 361 Complaint in Bk. of America suit against SEC: Foley memo 1/18/39 361: 67 a) Affidavits from Compt. of Cur. to bolster SEC's answer to complaint concerning accounting, procedures, and practices, etc., discussed by HMJr, Hanes, Foley, Duffield, and Upham 1/19/39 360: 68 1) Upham's amended affidavit (page 88) discussed by Treas. group 1/19/39 77 4 Bank of America Disclosure of info. contained in Treas. 361 Dept. files: SEC requests copies of rules and regulations promulgated by various Secys. 1/20/39 361: 94 a) Atty. Gen. asked for ruling 97 1) Foley memo on conf. with Golden Bell (Dept. of Justice) 1/21/39 143 2) Foley memo on past practices in case of Compt. of Cur. files 1/27/39 147 O'Donoghue (Judge) signs opinion 1/21/39 124,146, 157,167 Pacific Coast Mortgage Co.: Arrangement between Bur. of Int. Rev. and SEC concerning stockholders' list 1/23/39 145 10 Bank of America 361 Crowley (FDIC) sets forth "essence of his position in an effort to assist in solution" 1/31/39 361: 152 Giannini's proposed conf. with press reported on by Gaston 2/10/39 164,166 Crowley, Jones, Delano, and Hanes discuss current audit: Hanes memo 2/15/39 170 Transamerica consolidation plan transmitted confidentially by Douglas through HMJr / 2/15/39 171 362 Book 362 Bank of America Feb. 21 - May 20, 1939 Bank of America 362 Jones' letter to Giannini on steps necessary to qualify for RFC loan 2/25/39 362: 1 a) Jones transmits relevant data to Treas. 4/4/39 76,84 b) Comptroller's letter to HMJr concerning RFC plan 4/4/39 80 c) Jones informs HMJr of Board's actual recommendation to lend all or any part of $25 million ***** 4/4/39 96 1) Duffield objects strenuously to procedure followed 4/12/39 161 2) Giannini's comment on plan 4/16/39 184 Giannini practically commits himself to taking initial steps of correction at 3/14/39 meeting - additional capital to be acquired not later than*6/30/39 3/9/39 6 * a) Giannini's letter to Compt. of Cur. 362: 7,10 2 Bank of America 362 Regular dividend payment (19.2%) discussed by HMJr, Hanes, Foley, Duffield, Delano, Upham, and Murphy 3/15/39 362: 12 Duffield estimates in connection with proposed preferred stock issue of $30 million 3/16/39 30 a) Crowley's letter of comment thereon 4/4/39 74 1) Crowley adds certain reservations 4/12/39 160 James Roosevelt attempts to arrange interview for Mario Giannini with FDR: a) HMJr-Foley conversation 3/21/39 34 b) HMJr-Douglas " 35,41,44, 48 c) HMJr-LeHand conversation 40,46 Bank of America 362 Transamerica: Hearing at SEC suspended 3/21/39 362: 51 a) Kannee-Hanes conversation: Hanes to see Giannini at 4:15 3/21/39 52 b) Early-Hanes conversation 53 Resumption of hearings: Statement of Rogge (Asst. Gen. Counsel, Dept. of Justice) 3/29/39 70 Conf.; present: Mario Giannini, Hanes, and Foley 3/22/39 54 James Roosevelt-Hanes conversation reported to HMJr (at Sea Island) 4/4/39 72 a) Joseph Schenck tax case also discussed 4 Bank of America 362 Time Trust: SEC proceedings against 4/5/39 362: 98 a) Foley memo thereon 4/7/39 127 SEC files complaint in District Court to enjoin Mahaney, a former employee of SEC, from disclosing confidential SEC info. and to prevent continuance of employment of Mahaney as atty. for Bank 4/7/39 129 Giannini's proposed letter to Compt.: To be cleared with FDIC and FRB, following which Hanes will make every effort to secure Giannini's signature 4/7/39 131 a) FRB's letter of comment 4/13/39 164 1) (Over) b) Crewley' 8 letter of comment 4/13/39 165-A c) Giannini comments on his own proposed letter to Compt. 4/17/39 186,190 1) Crowley's and FRB's comments discussed by HMJr, Delano, Hanes, and Foley 4/14/39 362: 177 5 Bank of America 362 SEC returns documents lent by Treas. 4/7/39 362: 136 Chronology (Sherbondy), 12/8/37-9/21/38 138 . " 9/9/38-4/4/39 151 Richberg told by HMJr he does not "discuse out of channels legal problems affecting Dept." 4/11/38 155 Bank Holding Co. Legislation: Upham presses for bill to be introduced by Glass 4/11/39 159 Comptroller's letter to Bank of America summarizing examiner's criticisms and commenting thereon 4/14/39 166 6 Bank of America 362 Court of Appeals decides that Treasury's delivery to SEC of certain reports was authorized and legal, etc. 5/8/39 360: 206 a) Wagner and Steagall (Chairmen of Sen. and House Banking Committees) asked to investigate by Giannini: Foley memo 5/19/39 210 363 Book 363 Bank of America May 21 - Sept. 20, 1939 Bank of America 363 Chronology (Hanes), 12/8/37--5/11/39 363: 1 Delano's resume to 5/24/39, and 4 alternatives now facing Comptroller's office 33 a) Hanes favors "persuading Bank to agree to increase capital, bringing ratio to deposits up to 1-10" 6/1/39 32 b) Discussion of alternatives by HMJr, Hanes, Duffield, Delano, and Upham 6/7/39 39 c) Robt. Hanes (about to become pres. of ABA) wishes to withdraw from committee reviewing case for Treas. 6/15/39 47 d) Discussion by HMJr, Hanes, Delano, Upham, Tom K. Smith, Spencer, and Ottley 6/23/39 48 1) Report presented by Tom K. Smith, Spencer, and Ottley discussed by HMJr, Hanes, Gaston, Folev. 6/29/39 Duffield, Delano, and Upham 64 2 Bank of America Folger reports after trip to Coast; present: 363 HMJr, Gaston, Foley, Duffield, Delano, Upham, and Tietjens 7/12/39 363: 83,102 a) Giannini's telegram of protest 147,150,166 b) Second trip 7/27/39 152 Assets again reviewed by HMJr, Gaston, Duffield, Foley, Delano, Upham, Folger, Crowley, Spencer, and Ottley 7/14/39 113 a) Tom K. Smith told results of meeting 130 FDR-HMJr talk reported to Delano 7/14/39 137 Frank (SEC), HMJr, Foley, and Gaston discuss developments: Gaston memo 7/14/39 139 Smith-Folger conversation 7/17/39 142 a) Smith endorses procedure outlined by Folger 144,146 Bank of America Examination report as of 7/21/39: Comptroller's 363 letter to directors discussed by Treas. group and Tom K. Smith 7/31/39 363: 168 a) FDR recommends sending it by air mail 199 b) Bank of America's answer 8/5/39, 8/8/39..210 233,254 c) Jones (on Pacific Coast) told by Hanes RFC will not be asked to make loan or subscribe to stock until satisfactory answer has been received to 7/31/39 letter 8/11/39 247 d) 3rd draft of Comptroller's letter 8/26/39 260 e) Actual letter 8/29/39 259 1) Bank of America's ans. 9/12/39 289 4 Bank of America 363 Self-insurance scheme of Bk. of America and possible criminal implications reviewed by Foley 8/11/39 363: 248 a) Case transmitted to Atty. Gen. for advice 9/13/39 271,286,327 1) Murphy told by HMJr of his complete satisfaction with cooperation by Dept. of Justice 9/18/39 347 b) Copies sent to FDR, Irey, and Frank 293,315, 316 Delano (in Quebec) and Upham discuss procedure to be recommended to HMJr 9/13/39 269 a) Delano favors proceeding on assumption of ultimate citation to FRBd. under Sec. 30 and/or application of other sanctions * 1) (Over) * 1) Foley's recommended letter to strengthen Sec. 30 case if and when cited to FRBd. discussed by HMr, Hanes, Tom K. Smith, Foley, Tietjens, and Upham; Ottley and Spencer to clear by 'phone 9/15/39 363: 282 5 Bank of America 363 Folger again being sent to Coast to ascertain extent of cooperation by Bk. of America 9/14/39 363: 280 SEC: Rumored settlement reported to Frank and by him to Foley 9/16/39 293 19.2% dividend declared by Bank of America on 9/12/39, payable 9/30/39; Atty. Gen. asked to review Comptroller's letter of warning immediately 9/19/39 357 364 I Book 364 Bank of America Sept. 21 - Nov. 20, 1939 Bank of America 364 Rossetti, Victor: Hellman (Edward H.) character sketch 9/2/39 364: 4 a) Irey memo concerning 9/26/39 18 Double procedure, i.e., removal of directors or officers before Bd. of Govs. of Fed. Res. System under Sec. 30 and termination of insurance by FDIC outlined in Foley memo 9/22/39 8,119 Atty. Gen. transmits closing paragraph to letter of warning, as suggested by Rogge 9/22/39 10 a) Delano (in Seattle) reaction to (Upham memo) 9/26/39 16 b) Discussion by HMJr, Foley, Duffield, and Upham 9/30/39 39 c) Atty. Gen. thanked 10/2/39 50 2 Bank of America 364 Upham memo transmitting last exam. and expressing the interest of Folger and himself in the "seeming intention of the Bank to try to meet main asset criticisms of the Comptroller's office" 9/29/39 364: 12 a) Upham's position, which HMJr considers right-about-face, discussed by HMJr, Foley, Duffield, and Upham 9/27/39 20 1) Upham's supplementary memo 9/27/39 19 a) Discussed by HMJr, Foley, Duffield, and Upham 9/30/39 39 White (Herbert E.), only Sacramento rep. on bd. of Transamerica Corp., announces resignation 9/28/39 38 3 Bank of America 364 Comptroller's letter of warning 10/2/39 364: 52 a) Upham and HMJr determine to mail letter since Hanes has not said anything to HMJr about letter getting him into trouble 10/2/39 80 b) Giannini (Mario) answer 10/10/39 111 SEC (Commissioner Healy)-Congressman Ford (Los Angeles) correspondence concerning proceedings 10/4/39 81 Mrs. FDR, James Roosevelt, and the two Gianninis lunch together in San Francisco 10/7/39 110 Atty. Gen., Delano, and Foley discuss procedure 11/1/39 126,139 4 Bank of America A.P. and L.M. Giannini plan to visit Wash. 364 on 11/12/39 and wish appts. made for review of entire situation by FRB and FDIC 11/2/39 364: 137 Bank of America's "report of improvements" as of 10/31/39 reported by R.G. Smith (Exec. Vice-Pres.) 11/6/39 147 Bank of America's report on completed appraisals of 123 properties occupied as banking premises by Bank of America sent by A.P. Giannini 11/6/39 150 Conf.; present: HMJr, Hanes, Foley, Tietjens, Sherbondy; Delano, Upham, Folger; Smith, Ottley, and Spencer 11/8/39 151 Conf. in Delano's office: same group as above together with Dean Landls (Foley memo) 11/8/39 163 5 Bank of America Eccles (George) loan with Bank of America 364 for $20,000 secured by stock of First Security Bank of Utah, N.A., and Utah-Idaho Sugar Co. reported by Upham 11/14/39 364: 166 (See also Book 365, pages 23 and 145) Gianninis and Collins confer with Hanes, Delano, Foley, Folger, Mulroney, and Tietjens 11/16/39, 11/17/39 167,195 a) Gianninis wish a Sec. 30 proceeding promptly b) Merchants Natl. Bk.: Giannini says Bank was taken over on basis of examiner's report and $35 million in bas assets was found within first 6 mos. c) "Chamber of Commerce" statement by Giannini explained by Upham 11/17/39 191 d) (Over) a) Hanes-Delano report on informal conversations with Gianninis after break-up of meeting: See Book 365, page 21 6 Bank of America Conf. in Folger's office with Gianninis and 364 Collins; problems enumerated 364: 233 Natl. Bk. Examiner McLean's loan with Bank of America explained 11/17/39 239 a) Relieved as examiner - 11/21/39: See Book 365, pages 18 and 29 HMJr given resume of conferences with Gianninis 11/17/39 240 365 Book 365 Bank of America Nov. 21 - Dec. 31, 1939 Bank of America Comptroller of Currency's resume of meetings 365 with the Gianninis discussed by HMJr, Foley, Tietjens, Delano, Upham, and Hanes 11/21/39 365: 1 "Washington Bank Trends and Backgrounds*: Excerpt concerning Giannini confs. 11/26/39 22 Future Treas. policy discussed by HMJr, Hanes, Gaston, Delano, Upham, Foley, Tietjens, Sherbondy, Greenbaum, and Hanes 11/28/39 30,73 a) Conversation with Dean Lloyd Garrison (Univ. of Wisconsin) 78,90 b) Landis memo suggesting a course of procedure 102 2 Bank of America 365 Resume of case for FDR 11/30/39 365: 107 Conf. of Treas. group; Compt. of Cur. group; Crowley (FDIC); Landis (SEC); Greenbaum; Garrison; Spencer, Ottley, and Smith 12/2/39 112 a) FDR informed of program as worked out 12/4/39 142 1) FDR-Crowley conversation in which FDR indicates his concern over Delano's weakness in this connection; if necessary, FDR himself will handle matter and remove both Gianninis from active management of Bank 12/5/39 144 3 Bank of America Eccles-HMJr conversation in which Eccles 365 states his feeling that FRB has been derelict in its duty discussed with Delano, Crowley, Foley, Tictjens, and Folger 12/12/39 365: 146,305 a) Eccles' letter to Compt. discussed by Treas. group 305,310,312, 317,322 Comptroller's letter to Giannini following their request that further consideration be given to the arguments and proposals presented by them 12/12/39 157 a) Bank of America's answer refusing to send copies of letter to Bd. of Directors 1) (Over) 323 b) (Over) 1) Discussion of letter and proposed ans. by Treas. group, Compt. of Cur., and Landis 12/28/39 365: 353 b) Copies sent to Secy. of Bd. and Natl. Bk. Examiner 12/28/39 366,369 1) Secy. of Bd. asks that he be made agent of Comptroller's office to facilitate distribution 1/2/49: See Book 366, pagesl ,19 a) Discussion by Treas. group: Book 366, page 4 b) Treas. answer: Book 366, page 3 c) Two copies delivered by Comptroller's office to directors 1/4/40: Bk. 366, p. 29 & Dinctor Bocqueres's anount P51 25 4 Bank of America Bank of America's letter to Compt. in reply 365 to Comptroller's letter of Oct. 2 12/12/39 365: 161,306 Gesell, Gary: HMJr contemplates using him as counsel and drops in to TNEC hearing to "look him over" 12/15/39 309,320 Bank of America's progress report on agreement of 12/15/38 12/23/39 324 Bank's premises - appraisal of reported on by bank examiner 12/28/39 329,338 366 Book 366 Bank of America Jan. 1 - 20, 1940 Bank of America FRB informed by Bk. of America of "hostile 366 attitude of Comptroller of Currency and persecution they are now suffering" - copy of letter transmitted to Compt. 1/3/40 366: 8,10 Seymour, Whitney: May be asked to represent Treas. 1/4/40 26 Wright (Chief Natl. Bk. Examiner, 12th Fed. Res. District) invited by Giannini to be present at annual stockholders' meeting but declines 1/9/40 43,44 Newspapermen invited to meeting 46,56,140,173 Wright reports on annual stockholders' meeting 1/10/40 49 2 Bank of America 366 Bates, Henry M. (Dean of Law School, Univ. of Mich.): Retained as hearing examiner 1/11/40 366: 53,69 Seymour, Whitney: Retained as special counsel 1/11/40 54 Order for hearing 1/12/40 71 Conversion into state system threatened by L.M. Giannini 1/12/40 160,172,181 a) Comptroller's reply 159 Standard Gas & Electric: Info concerning (Foley memo) 1/16/40 170,185 3 Bank of America Wilson, E. W. (Supt. of Banks, Calif.): 366 Upham's report on 1/17/40 366: 174 Conf. with reps. of FRB, SEC, FDIC, and Treas. 1/18/40 176 a) Conversion into state system discussed 367 Book 367 Bank of America Jan. 21 - Feb. 20, 1940 Bank of America Transamerica application to FRB for voting 367 permit concerning stock of Bk. of America: Chronology of action 1/20/40 367: 2 Conf. of reps. of Treas. and Comptroller's office to discuss minimum program acceptable to Compt. 1/22/40 367: 4,31 a) Discussion with HMJr 1/22/40 7 b) c) Draft 2 of program 1/22/40 39 d) " " 3 " " 1/25/40 4 " " 44 Cushing & Cushing, of San Francisco, 1/29/40 to represent 56 Bank of America at hearing: Comptroller's office informed 1/25/40 40,41, Dividend policy criticised by J.F.T. O'Connor to 104 A.P. Giannini and Jesse Jones so informed 7/5/33 a) 1723/78 Copy of letter sent by O'Connor to Delano 42 * e) Draft 5 of program 367: 105 f) Additional drafts 148,153, 155,159 2 Bank of America 367 State Bank Conversion: L.M. Giannini asks FRB concerning formalities involved 1/23/40 367: 48 a) Discussion of letter to FRB by Treas. and Compt. of Cur. groups * 1/29/40 59 Newspaper publicity in Calif. favoring Treas. arranged 1/29/40 38,54 Hearing: Draft of proposed press release 1/30/40 98 Strategy prior to meeting with lawyers mapped out by HMJr, Bell, Foley, and Schwarz 2/1/40 107 Strategy discussed with reps. of FRB, SEC, FDIC, Compt., Greenbaum, Cohen, Garrison, Smith, Folger, Ottley, and Seymour 2/2/40 116,131,164, a) L.M. Giannini and Cushing 168,177,190 present at last 3 confs. * 1) Michigan statute apparently to be used as precedent 2) Combined report of condition of Bank of America as of close of business 12/30/39 367: 95 3) Proposed program of rehabilitation 96 3 Bank of America 367 Conf. between Cushing, Delano, and Seymour 2/6/40 367: 127 a) Cushing does not favor conversion Newspaper publicity prior to hearing discussed by Delano, Foley, Seymour, and Schwarz 2/6/40 129 "American Banker" article 2/7/40 147 Giannini to present program to Bd. of Directors with distinct understanding that pending matters before SEC will be disposed of at same time 2/20/40 192 Proposed Hearing: Cushing communicates to Compt. refusal of Bk. of America to participate before Dean Bates 2/14/40 195 a) Comptroller's answer 196 b) Ciannini's letter 197,199 1) (Ower) 1) Investment acct. of Bk. of America in Govts. and Tax-exempts, 12/31/31-12/31/39 368 Book 368 Bank of America Feb. 21 - March 20, 1940 , Bank of America 368 Conf.; present: HMJr, Bell, Seymour, Foley, Sherbondy, Delano, Folger, and Mulroney 2/23/40, 2/26/40 368: 10,35 a) Program as submitted to Bank of America 2,6 b) Report as finally sent 2/23/40 24,83 1) Crowley approves 2/26/40 46 2) FRB's resolution 2/26/40 47 Conf.; present: Eccles, McKee, Dreibelbis (FRB); Crowley (FDIC); Bell, Seymour, and Sherbandy (Treas.); Delano, Upham, Folger, and Mulroney (Comptroller's office) 2/23/40 22 a) Program as drafted by office of Compt. and as drafted by FRB discussed Timetrust, Inc.: SEC wins on every point at issue in court order 2/24/40 23 2 Bank of America Loans secured by stock of Transamerica 368 2/28/40 368: 56 Confs.; present: Bell, Eccles, McKee, Crowley, Delano, Foley, L.M. Giannini, Cushing, and Ferrari 2/28/40, 3/1/40 59,76 Key Pittman's letter to FDR suggesting that controversy be referred to FRB for adjudication 2/24/40 133 a) Suggested answer 154 Jones to be asked to do his part in a little conf. at White House with HAJr, Eccles, and Delano present, if HMJr has his way 3/6/40 139 a) HMJr's conversation with FDR reported to Foley and Bell 3/8/40 159 B Bank of America 368 Conf.; present: Bell, Eccles, McKee, Crowley, Delano, and Foley 3/6/40 368: 145 a) Draft (page 148) discussed and signed by Treas., Compt.'s office, FDIC, and FRB; approval of Giannini assured by Cushing 155,224 SEC-Transamerica to be settled before actual acceptance by Gianninis 3/8/40 159 a) Treas. position discussed by HMJr, Bell, Sullivan, Foley 160 1) Cushing told of Treas. position by Bell and Foley 174 Bank's Premises: Vice Pres. Clark (FRB of San Francisco) reports to McKee (Fed. Res. Bd.) on steps taken to carry out Comptroller's requirements 3/11/40 179 4 Bank of America Public statement by L.M. Giannini prior to 368 obtaining commitment from RFC and clearing with Compt.'s office: Delano advises against 3/13/40 368: 181 a) Discussed by HMJr, Bell, Sullivan, and Foley. 186,200 b) Giannini's telegram advising of meeting of Bd. of Directore to discuss 3/14/40 194 1) Delano's answer 193 2) Giannini reports on approval of program by Bd. of Directors 212 Victory discussed by Treas. group and Comptroller's group 3/15/40 213 a) Jones sent copy of Comptroller's requirements; request that RFC make $30 mil. available to Bk. included 220 369 Book 369 Bank of America March 21, 1940 - Jan. 10, 1941 Bank of America 369 Seymour-HMJr letters after completion of case (3/20/40) 369: 1,2 Crowley sent copies of minutes of bd. of Bank of America and correspondence concerning settlement 3/29/40 3 Compt. of Cur. told of RFC offer to Bank by Bank itself 4/1/40 14 SEC granted use of "certain documents" in connection with proceedings against Transamerica, with understanding they are 4/8/40 "for confidential use and not for publication" 18 RFC's proposal to loan to one stockholder only (Transamerica) protested by Bell and reported to HMJr 4/11/40 19 a) HMJr consults Frank 21,33 b) . (Over) b) HMJr-Jones conversations 369: 24,53 c) *reas. action discussed by HMJr, Bell, Foley, and Upham 37 d) Conf. with Frank 45 2 Bank of America Articles of association, Bk. of America, 369 re-drafted and sent to Compt. for approval 4/19/40 369: 59,60,62 Recapitalization program discussed by Smith and Collins (for the Bank), Mulroney, Post, and Birge 4/30/40 64 Shareholders approve increase in capital stock and amendment of articles of association 5/13/40 65,66 Public flotation of $30 mil. Bk. of America preferred stock rescinded with view to obtaining $30 mil. from RFC 5/29/40 67 $30 million received by Bk. from RFC 6/10/40 69,70 a) Release by Fed. Loan Agency 6/11/40 72 3 Bank of America 369 Metropolitan Water District of Southern Calif. Colorado River Water Bonds: Reported sale to Bk. of America by RFC of $20 million plus - opinion rendered by legal staff of Comptroller's office 6/13/40 369: 74,75 Report of condition of Bk. of America at close of business June 8 and 10, 1940 76 Progress report of Bk. of America compliance to date with Comptroller's requirements of 3/6/40 7/15/40, 11/1/40 82,152 Branches of Bank of America: New branches frowned upon by HMJr, Bell, Delano, and Upham 8/12/40 89 FDR quoted as having assured A.P. Giannini that his requests for branch banks will receive favorable consideration 106 * * a) Jones reported as having told HMJr that FDR told him (Jones) to tell HMJr he wants branch bank applications granted 10/30/40 369: 111 1) Discussion by HMJr, Bell, Foley, and Delano 4 Bank of America Branches of Bank of America (Continued): 369 Flynn discusses branches with HMJr almost simultaneously with Jones' conf. 10/30/40 a) Frank's right-about-face also 369: 122,125 discussed Flynn told of HMJr's conversation with FDR 10/31/40 148 Five formal and three informal applications for branches of First Natl. Bk. of Portland, Oregon (Transamerica owns ***** controlling interest in bk.), reported by Delano to HMJr 10/31/40 150 5 Bank of America Branches of Bk. of America (Continued): 369 Flynn tells HMJr FDR has told him (Flynn) to tell HMJr to call Jones to tell Giannini that branches will be re-discussed after election 11/1/40 369: 160 a) Jones-HMJr conversation 11/2/40 162 b) Jones-Delano " 11/2/40 163 Twenty-one branches requested by Bk. of America 11/14/40 166,170 a) Discussion by Bell, Gaston, Foley, Upham, Sherbondy, and O'Connell 12/13/40 172 6 Bank of America 369 ABA: Withdrawal of Russell C. Smith as candidate for 2nd Vice-Pres. protested by Giannini 9/25/40 369: 93 a) Delano and HMJr discuss 99 A.P. Giannini's talk with FDR as arrunged by Jones discussed by HMJr and Frank 10/15/40 101 L.M. Giannini-Deleno conversation reported to Bell 10/18/40 104 a) FDR quoted as having assured A.P. Giannini that his requests for branch banks will receive favorable consideration Hanes' right-about-face discussed by HMJr and Frank 10/29/40 109 Calif. political actions of Giannini discussed by Flynn and HMJr 10/30/40 122 7 Bank of America Bank of America's endorsement of Willkie 369 as reported in newspapers 11/2/40 369: 164,165 SEC-Transamerica hearing: Refusal of certain witnesses to testify reported by Foley 12/18/40 181 Transamerica resume 12/18/40 182 Conf. in Sen. Glass' apartment; present: HMJr, Delano, end Foley 12/19/40 191,202 1) Foley outline of situation 182,193 Bank's Premises: Proposal by Smith (for Bk.) reported by Chief Natl. Bk. Examiner, Calif., to Comptroller's office 1/10/41 215 Bank of America FDR asks FRB, FDIC, and Treas. to finish up 370 Bank of America case 2/7/41 370: 202 on also 371:55 2 Bank of America 389 Bond (Fiscal Asst. Secy. under Mellon) introduced by Col. Donovan; inquires about additional branches and whether or not he should take a retainer in case 4/18/41 389: 381 a) Foley memo 4/18/41 406 Bank of America 409 Giannini (Mario) asks to see HMJr for first time 6/17/41 409: 163 6 119 141 Italian N9: internoti (in R freging under Mr. Insurance 411:47,49 hax a) Grm. later regatal to Dalams hight 40: 141 30 recting 6/18/41 +10:11 Savings counds conguration satisfactory 6/19/41 410:154 Bank of America First Trust and Savings Bank, Pasadena, Calif., 466 absorbed 11/28/41 4661 232 Bank of America 471 Banking facilities expansion in new defonse areas in Calif. discussed by HMJr, Bell, Delano, Upham, and Foley 12/10/41 471: 24, 53 Bank of America Giannini asks McIntyre (White House) to arrange 510 for "courtesy" by Fed. banking agencies 3/21/42 510: 54 Bank of America Lack of cooperation in sale of War Bonds reported - Mrs. Forbush's mail report 534 5/29/42 534: 125 a) Regart, w 6/3/42 536:111 '14 A2 536:340,343 Bank of America 547 New branch for Los Angeles rejected for 3rd time 7/6/42 547. 140 Bank of America "L.M." explains his part in investigation 552 7/21/42 552: 40 Bank of America Olson (Gov. of California) and HMJr discuss 566 issuance of charter at present time 9/4/42 566: 320 Bank of America See Jeidels, Otte 579 Bank of America Fed. Res.-Giannini corres. concerning branches at Temple City and Alhambra, Calif. 584 11/14/42 584: 84 a) Cogize to amg. of among "/19/42 586 246 Bank of America Downey (Senator, Calif.) asks to discuss 597 branch bank situation with HMJr 12/17/42 597: 79 598:133 Bank of America 604 People's Bank, Lakewood Village, Calif.: Application to absorb other banks discussed in Fed. Res. System-Compt. of Cur. corres. 1/16/43 604: 130 f Bank of America Downey's Senator, Calif frice-IMJr conv. 636 concerning EXXXXXX 636: 168 Bank of America report for Smith Committee 5/25/43 Bank of America California now has 50 facilities in Army Posts, 718 Navy Yards, etc., of which B. of A. has 30; discussion of situation by HMJr, Bell, Delane, O'Connell, and Tietjens 4/7/44 718: 232 Bank of America 725 Branch bank at Sherman Oaks, Calif., discussed in D.W. Bell's memo 4/29/44 725, 131 Bank of England 4 SEE Gold Stab the 154 15 Bk. of Eng. and Bk. of France Special Accts. See Fed. Res. Bk. of N.Y. (Books 310-316-A) Bank. of England Notes (Counterfeit) See U.K. 820 ; Bank of France 4 Sre Gold Stab II 11,13, If 25, 28, 68 154, 157, 158 166,169, 209, Bank Receivership 171 HMJr tells Foley he will not waste time working on committee to investigate until FDR tells him what future political policy will be 3/24/39 171: 36 HMJr-Jackson conversation 3/24/39 59 Bank for Reconstruction and Development of 657 United and Associated Nations See Post-War Planning Bank Supervision See FDIC 118 Bankers (Independent) Assn. See Pest-War Planning: Bretton Woods Conf. 825 Bankers (Independent) Ason. See Pest-War Planning: Bretton Woods Cenf. 825 " Bankers (Independent) Assn. See Post-War Planning: Bretton Woods Cenf. 825 Bankers Assn., Texas See Pest-War Plannings Bretton Woods Conf. 826 Bankers, N.Y. See Post-War Planning: Brotten Woods Cenf. 834 Bankers' Trust Co. See Financing, Govt. 69 Bankhead Cotton Bill HMJr (in his own handwriting) advises FDR to get 1 Wallace's written endorsement before signing I: 50 I Bank Timest Bill or Farm time Corporation Bill SiE Farm Tread Bill KIII 2 8. Bankhead, John (Senator, La.) See Agriculture, Dept. of 380 Bankhead, John (Senator, La.) See Agriculture, Dept. of 380 Bankhead, John H. (Senator, Ala.) 450 Assures HMJr he has made no uncomplimentary remarks about him 10/10/41 450: 54 a) HMJr-Milo Perkins conv. 212 b) HWr-Wallace conv. 214 Bankhead, John H. (Senator, A1a.) See Financing, Govt.: War Savings Bonds 632 See also Books 637 670 677 682 Bankhead bill 701 See Financing, Govt.: War Savings Bonds (4th War Loan Drive) Banking "Death sentence" bill and Eccles' advocacy 682 thereof discussed by HMJr, Bell, Delano, and Tietjens 12/1/43 682: 49 a) HMJr's position is, since FDR favors, he can do nothing without further discussion with Prea. 51 Banking New bk. in Pontiac, Mich., discussed by HMJr, 114 Taylor, Unham, Murphy 3/11/38 114: 223 Banking 149 "Cut-back" System: History as prepared by Uphas 11/2/38 149: 186 1 Hanes memo on conf.; present: Hane s, Taylor, Oliphant, Upham, Duffield, and Foley 11/3/38 205 Discussion between HMJr (at farm) and Treas. group 11/4/38 218 Banking 345 Transferring Checking Accts. of Banks to Post Office (100% Reserve Plan) : Haas memo 1/6/41 345: 194 Banking 780 Revision of system urged by Cyrus Eaton in telegram to FDR 10/9/44 780, 257 "Banking Act of 1935 7 muting " Vill of coolidge 6/19/35 III 1321 *)bm Jr says they must an stick byther . sing the - t) mady been says backing bill mut up me 766 - in he r has sub amin. a messinger - the . form later House time . smoth 6. musting they who meat noT.HI - Kind and 2 ; THE I is new realy -M my fw changes T.R.II 1 mhial Tith F. Crowdy things there need h who must of joint assolutions sptuding timprary plan all kast no hfm advances 1/29 - highing r passage in meantine. 6) Easly agrus mide Crowley. Ranking Art 061935 muching 7 d) Zituration his position held times Jan. had in h the minuty: if the 3 Title are lift tagether share will no kgis utimipoints at 3 mbili,under quaral how, insolvet the Enghaller is not requind toggit - receivifer an which, in Julyl, has not terms a. Class A stackholder have be must ret a mesian for ung of halk in the FDAC Line the solnet - liquid. .e) Cooldge favord ALL of Mrs temporary plan just hyard time voluess longram can h to at journ. firm Jr panises to SUPPOR - nowt. > Banking Act of 1935 7 musting 2 an 6/20 HmJr regated to Janio, Eccles, Ganiley . in couse. O'Conner Had FDR still from letting naturatake HmJr hills Gliphant to 100k Y posible jokes proviting J.P. manager in to who issue business . shill not amb under regulations of securities , Exch. Com. 421/55 es 180 "Banking Act, 1955 8 security hules writing scution diseased by group in hules ssiy Codidgis office 7/1/25 VIII 4 Group again discusses simily indermiting section In a) b) Codlige 1. says FDR "Bposes any medicating mades Lyburs by his unless liability Tim bmith is mainl month privilys excluded & c) HmSr smaglets that O'Connor, Kinnely - Coolidge Do messary in consition mills section Banking 2 Act, 1935 8 Group ugain contal d) Ecelos says Bill is smith from is patty bad a hasings for chair 2 man + fast he can not stures to & 4 them cannot delegate power + authority to its mumba year Congrass Rasons for optn market opentions of also reporting bad to for assi your is bal; 3 mussity primate E) Amalt phones: Bill ngetal out by Smath Banking Corn. 1/2/25 HMIr Hm things our Banking Act new that it is and of Camm. 7/3/95 VIII 15 "Bauking Act, 935 Him JA will 8 a) sinu he has he is Trus. Trus has and whole load of national frames when help " interformate of Fil.Ra.Bl. 1) themis country is riding for fall mile great hit , miss miseral of ogending mmy c) "b Bornt mail Transury to h sok goat sont must to hair gmll time mm ml.A rabbi D 2 af hat 2) Therefor hoped Fl Read would h girm add pours , - - lu as a mmmtary under , so share migrosibility & Banking Art, 1935 8 1) as new unditated Fed he Bl cun suggest - has no f) many's four is stalitization feed - agens market power to inform will on the backs of the munty Comm. them kyt in line g) Paghtsis if pment hill is with - 5 Gov. Missum ofFd.Res. BANKS fin opmmarket 7, there will h continual goco some chances are publi will them them mine than nothing construct accomplished; if financial situation many Banking Agencies of Federal Govt. 48 Eccles discusses reorganization with Upham 12/11/36 48: 140-145 Banking Agencies (Federal) Overlapping: Corres. between Eccles and FDR 1750 7/6/44 750, 299 Banking, Branch See Branch Banking 655 Banking Facilities 619 Army and Navy Posts: Bell reports on 3/24/43 619: 4 a) Bell memo 3/24/43 66 Banking Facilities Army and Navy Fests: Bell reports 235 facilities 713 now established; private plant facilities also discussed by Treas. group 3/24/44 713: 260 FACILITY Morgenthau, Henry, III : Pre Project of money by his troop with the Sext. we Treasure 715 at 4% raphes than invulument in WeiBonls doc. by HmJr with Bell 3/28/44 715:163 a) Bill mino 3/29/44 716:149 Banking Legislation See also Lending Agencies, Interdepartmental Com. of Banking Legislation 3 See Lending Agencies, Interdepartmental Com. of HMJr suggests that Tom K. Smith be invited to Wash. to help on banking legislation 1/18/35 3:176 Banking Bill Ligislation 4 Glass alvise HmJr "not to defend having We bohad III 109 Grandwise: hills # Ir "Rue funcial man hadfor bes not what hill IV 110 Hms. talls FDR Glass told him Pre . mo mly for F.D.A.C. - FDR yplains 3/18/25 intensted in a mified tank your. plan IV 114 Banking Bill, 1935 Legislation 5 also angms, statements brfore 4 91+ Bulkly 7 asks Hw HmJr Jr about Title 2 - dow TRAMY 7 supped ). Hm Jr. says no - shows him new soraft mg confidentially 5/28/35 IV 183 'Banking ligis lation 6 Discussim of 6/13/25 VI 61 a)HmJr % nfn to fact teal-mins Here is ald'l liquisting Banking Ant f1933) will 8 into affect socallid Blan of degoit insurance (god af Second muting. P.m.f 6/16/25 VI 63 <) 4000 Growley hanks bays he is mid about posibility of losing structure . the affact on the fund , the handing b) a Connet themis FDSL is in jaw . nº chama of Banking of the muntry 8.)) of 1935 him enacted by 6/30 Banking legislation 6 c) HW If thinks of new Lill is not paul + - purment plan of deposit ins. met go into 'ffect % - hears should be - joint statement for Fil. Res. FDIC, Imphollus purhage RFC -stourholdes in many of here banks d) market Hm Jr quotes Two K smith of will to Upon c) HMJA themis FDR, Eals. he should 856 Senetor Glass Banking Bill can h passed sudily" Com. of 6 mmha of Fil.Ras. Bad - 5 agns Gov. 1935 home aming; if Ecclus among class them E. and stay at "Banking logislation 6 f Tm K. smith she. joins group says he if an agreement can h nachel consuming 6.5 Cm. - - 25% try m Trgosit - they - gt Bluxing Bill passel D HmJr kast themis it his dut 1. as find officer tuxe that at of insurance 2 mis. notice in h 71 sent to all benefica concerning possibility h) HmJr phnes FDA who agree to L-4 open market he has in writing MAIFDR will accept 8-5 Com. Cum. w not a 6-5 Com. ; Trm K mills objects i Eulu says Banking 6 i) from X smith Alls Hm m Jr Am. Bauken Assn stick for 6-5 multipleship of you Market Com. 6/14/05 # 16 not Appt. will She. Discass U. Fistcher, chairman of Banking, hurney Com. anamyed by F.D.R. FRIER H mair, Cool.dge, West, hy have j Scootor a yours great "/wh II n tal 1. Fisher + Paying deglare delay in Glass's subcom, action. think issume of publicity statement mind for catted to phne . told by Elliott Thuston Banking 6 Fsl.Res. statement Bd., insessim, to had vote marriamely against Hm Jp public has hils E. w/s statement will h used if if w' Cornor' (Tiliphne communition # 15+) to h are by Sing of Trus. II 80 also limins Fil Res Bl musting to talk x HW Jr. crowls to haves thinks , bank statument deposites. inaforable ; may h upsetting 2. sup Fed. Mar Bd., FDAC Compholler will her anothers joint misting Barking 6 HMJ, avs O'lmnor when Smater Byrnes sugg. Sky staging on Fd Res Bl. Compholler gerry off .HmJr state bokes stayed of bolls mut off VI 82 Copy of progred statement VI 83 45 Bauking Legis lation Atlumch (Hm3r. Eccles, Rauson, Taylor 4 hyhaw) Ealw says he has tild FOR of wish that hc(Eccles). AmJr would Risum possibilities for 1937 session of longnow "h7/06 45: 136-140 45: 136-140 48 Banking logislation Conformer : HmJr, kieles, Jmr, lowley, O'Connor, Tay L, Bcll, hyhan (hphane memo) 12h&136 48:161-166 Glass advises HmJr that Presidents Adentory Com. 000 Banking Leg. should take tormal action against; 12/17/36 minus HmSr to match Ealu volud must to about frentions afoblem of Cout Agencies 3.4 255-259, Banking Legislation 51 Conf. in HMJr's office to discuse "Bell-Upham bill" (putting up Govt. bonds as collateral for Federal notes) 1/5/37 51: 31-47 a) HMJr has promised Glass not to sponsor any banking legislation without first seeing him; therefore decides to explain to the Senator b) Eccles will accompany HMJr if necessary but does not really want to 1) Group feels HMJr is "carrying the ball" K because of Glass's dislike of Eccles c) HMJr talks to Eccles 1) Eccles suggests that HMJr say to Glass entire Fed. Res. Bd. wanta this, not just Eccles 2 Banking Legislation 51 At lunch, HMJr, Eccles, Ransom, Taylor, and Upham discuss joint HMJr-Eccles visit to Glass 1/5/30 51: 51-54 a) Glass agrees that the extension desired by Ecclea may be introduced in bill b) HMJr comments on fact that ticker reported his visit to Glass but did not mention Eccles 84 c) HMJr explains to Jesse Jones 1/5/37 78-25 1) HMJr quotes FDR: "Jesse Jones, Eccles, and you to see Joe Robinson and find out how to handle problem" 3 Banking Legislation c) 5 1) a) nobinson informs HMJr conf. in his office is arranged for 1/7/37a at 10:30 A.M. 51: 110-112 1) HMJr BO informs Jesse Jones 113-114 2) HMJr and Jesse Jones discuss results of conference; Jones thinks extension for 2½ years very good 117-121 3) Resume of conference 123-124 Extension of S.F. discussed by Vandenberg and HMJr 1/11/37 210-214 L Banking Legislation meeting of the committee; present: HMJr, O'Connor, Crowley, Eccles, Bell, Jones, and Upham 1/12/37 51: 233-265 ε) Crowley wants nothing to interfere with powers of FDIC to liquidate closed banks; this agreement between O'Connor and FDIC b) HMJr: "If Congress is to give authority to issue rules and regulations, this authority should be given to Secy. of Treas." c) Office of Comptroller of Currenty: HMJr thinks it should either be definitely in the Treas. or definitely out d) J.F.T. O'Connor raises point of "an irritating little situation - credit unions in District of Columbia" (Federal ones under supervision of Farm Credit Admn.) 5 Banking Legislation Meeting 51 e) Lccles wishes offices of honorary chairman and paid Fed. Res. agent kept separate f) Final decision is no banking legislation is to be proposed for 60 days (March 1) E) HMJr reports meeting to Glass.Xxxxxxxxxxx 364-265, See legislation recommended by Comptroller of 365-368 Currency in annual report for yr. ending 10/31/35;.Crowley's statements; lists of amendments to the laws affecting Fed. Res. System 51: 275-302 Banking Legislation 52 J.F.T. O'Connor informs HMJr that Congressman Goldsborough, of Banking and Currency Committee, has told him that both bills to be submitted by C of C will go to District Committeeand not to Banking Sand Currency Committee 1/16/37 52: 1 Banking Legislation 74 Taylor reports on meeting with FDR 6/28/37 74: 117 Banking Legislation 103 Conf.; present: MJr, Taylor, Eccles, Jones, Crowley, Prentise (Deputy Comptroller, Currency), Hamilton (Gen. Counsel, RFC) and Upham 12/21/37 103: 220 Banking Legislation Bill "making it illegal for holding cos. to 105 own bk. stocks" discussed by HMJr and Glass on Glass'jbirthday 1/4/38 105: 78 HMJr tells O'Conner FDR is enthusiastic; asks O'Connor, Gaston, Jones, Becles, and Crowley to work together 1/10/38 317 Banking Legislation 106 In connection with holding companies' ownership of bk. stock, HMJr, at Sea Island, asks (1) Gaston to keep track of Calif. newspapers and (2) Upham to 1/20/38 prepare treatise giving his position on subject a) Upham memorandum 106: 203 277 Legislation discussed by FDR and HMJr 1/24/38 274 Patman discusses with HMJr his holding CO. bill - 1/25/38 316 Banking Legislation representing Marine Midland Bk., See Holding Cos Seligmania (Dustace) of Sullivan and Cromwell, confere with HMJr 1/26/38 107: 59 a) Anxious that legislation may not affect bk. holding COS. operating solely will thin state limits HMJr's letter to FDR 1/27/38 132 a) Suggested that FDR see Glass - HMJr to be present Upham memo to HMJT in connection with Eccles visit to FDR suggesting that HMJr make no counter proposal 1/27/38 150 Upham reports on visit from Reichert (former Bk. Commissioner of Mich.) 1/23/38 a) Weleomes legislation at this time 188 breaking up holding COB. 107 2 Banking Legislation. Proposed FDR message to Congress 107: 193 107 Banking Legislation 108 Upham memo "for and against bank holding cos. 2/7/38 108: 381 Banking Legislation 109 Seligman (Eustace) memo on branch banking under the law in N.Y. State 2/9/38 109: 176 Jesse Jones confers with HMJr concerning banking conditions; also present: Taylor and Bell 2/10/38 244 Banking Legislation 112 Sen.Glass letter (strictly personal) explaining necessity for speed if problem is to be handled at this session of Congress 2/23/38 112: 6 a) Copy of proposed bill comprehending all insured bks., attached HMJr reports to Sen. Glaes on plan suggested by FDR: message just before adjournment of Congress,suggesting Joint Com.to study matter 2/25/38 231 a) Glass does not approve b) HMJr will see FDR again Banking Legislation 113 FDR and the Sen. Glass confer concerning Glass proposed bill in light of Glass' contemplated Mediterranean cruise 3/2/38 113: 89, 97 a) Adams (Sen., Col.) will handle in Glass' absence Banking Legislation 114 on 2/15, Crowley (FDIC) advises Central Bk., Oakland, Calif.,/ / application for establishment of branch banks will be considered after determination of new policy; HMJr now asks Crowley if pataych policy has been changed 3/8/38 114: 42 Group meeting in bd. room of RFC; reps. present from Treas., Comptroller of Currency, Fed. Res., and RFC 3/10/38 186 a) Draft of proposed statement of bk. holding cos. to be included in FDR's message on monopolies, considered Monopolies- Bumsing Legislation Treas. inf orms FDR Oliphant's suggestions 115 for proposed message have been transmitted to Justice Dept.: draft includes recommendations of Interd rtmental rtme Com. on Banking on subject of bk. holding COB. [3/26/38] 115: 112 Conf. regarding bk. holding CO 00. legislation"; present: HMJr, Taylor, Upham, Gaston, Foley, # See also managolies Diggs, Rensom, Jone s, and Crowley 3/17/38 256 a) Revised draft of proposed message which Jesse Jones will submit and which is satisfectory to Fed. Res. Bd., RFC, and Comptroller of Currency, provided FDR is made aware that last paragraph will raise brench banking question 3/16/38 280 2 Banking Legislation 115 Ransom sends HMJr copies of material prepared in connection with discussion of bk. holding cos. 3/17/38 115: 291 Recommendations transmitted to FDR by HMJr 3/17/38 293 Banking Legislation See Berle, Adolnh 118 Banking Legislation Fed. Home Loan Bk. Bd.: Conf.: present: HMJr, 119 Taylor, Bell. Foley, Murphy, Fahey, Webb. Delano, and Russell 4/18/38 119: 222 a) Bd. memo 242 Banking Legislation Fed. Home Loan Bk. Bd.: 120 Taylor memo giving reasons for Treas.' continued disapproval of proposed legislation extending scope of operations 120: 55 HMJr's letter to Fahey 4/20/38 54 1 Banking Legislation Eccles' bank plan: Gaston memo on questioning by 154 Mr Mike Flynn, etc. 12/5/38 154: 258 Banking Legislation 155 Gaston memo on Eccles plan as presented to FDR 12/8/38 155: 81 Banking Legislation 156 HMJr thinks Treas. should "sit tight" until after SEC starts hearings 12/14/38 156: 79 , Banking Legislation 157 HMJr calls on Carter Glass suggesting no legislation until February-efter the public has been informed on Transamerica through SEC hearings a) Telephone conversation with Glass 12/19/38 157: 63,243 b) Discussion with 9:30 group 12/19/38 89 Ecolu progosil paragraph F FDRs message 11/22/05 38 p.281A Banking Legislation 158 Foley comment on Eccles' paragraph proposed for FDR's message which spparently recommends revocation of bank holiday proclamations 12/30/38 158: 202 Banking Legislation 162 Glass bill on bank holding companies discussed by Crowley and HMJr 1/25/39 162:- 208 a) HMJr discusses bill with Douglas and tells him of visit paid by Ronald Ransom and McKee to Glass 1/31/39 326 Benking Legislation 168 Trust Indenture Bill (proposed) - conf. on 3/6/39 168: 45 present: HMJr, Hames, Duffield, Foley, and Tietjens; Delano and Upham a) Report for Wagner (Chairman, Committee on Banking / Currency) attached 55 Banking Legislation and 178 Brown bill: "To transfer bank examimation/supervision functions to FDIC" - Foley memo advising that Treas. oppose 4/12/39 178: 25 Meeting of Interdepartmental Banking Com. to consider Brown bill 4/13/39 a) Henry Murphy (Div. of Research and Statistics) 270 memo: "Bank-supervisory and Rest monetary functions of Fed. Govt." 4/12/39 301 Banking Legialation Committee 180 Amn. Bankers Assn. $ m. confers with HMJr; fear bearings on Brown bill at this time will result in general unsettled discussion 4/18/39 180: 191 Banking Legi slation 181 Resume of all pending (4/21/39) 181: 307 Banking Legislation 187 Conf.; present: HMJr, McReynolds, Duffield, Foley, Gaston, Hanes, Bartelt, Delano, Upham 5/2/39 187: 176 a) Copy of proposed letter (report on Brown **)ax 'sent to Jones, Crowley, Eccles, Ransom, Hanes, Bell, Foley, and Delano for comment 183 Banking Legislation HMJr asks Farley to talk with Senators Brown, 188 Miller, and Adams (of Subcom. of Banking and Currency Com.) concerning pending legislation to extend certain of the existing monetary powers for two yrs. 5/4/39 188: 15 a) Telephone conversation 40 Banking Legislation 92 Hardy (Brookings), Williams, Stewart, and Viner to study for the Treas. 5/31/39 192: 227 Banking Legislation Treas. letter to Sen. Wagner (N.Y.) expressing 193 Treas. Dept.'s views with regard to S. 2150 . ***** with reference to interlocking bank directorates, known as the Clayton Act" 6/1/39 193: 35 Banking Legislation Wagner questionnaire: 242 Ransom asks HMJr if Stewart may look over material now assembled and ready for consideration by Bd. members, presidents of Fed. Res. Bks., and members of Advisory Council 2/23/40 242: 223 Banking Legislation 259 Jones, Jesse: Amendatory legislation proposed by: Foley memo 5/3/40 259: 338 me Banking Legislation HMJr and Delano consult over HMJr's proposed 260 statement on any new legislation 5/9/40 260: 372 1 Banking Legislation Ralayx 375 Currie memo on Eccles' attitude returned to White House 2/25/41 375: 247 Banking Services, Fed. Govt. 321 See Financing, Govt. Banking Study 206 HMJr and Hanes discuss: HMJr thinks only idea isto take away as much as possible from Treas.; Hanes offers to talk to Byrnes 8/1/39 206: 2 Bankruptoy Sabath bill: "An act to establish a uniform system. of bankruptcy throughout the U.S." introduced 5/11/37 a) HMJr discusses with Landis 5/20/37 69: 137,142 Bankruptcy 70 Sabath bill: "An act to establish a uniform system of bankruptcy throughout the U.S." a) HMJr-Sabath telephone conversation 5/26/37 70: 84 LE Sufferm 171 HMJr discusses the politics involved at group Bankruptcy Act Banks Examination covers segregation of securities hels55 by State banks in trust from bank's own assets Buffington memo 7/29/42 555, 48 Banks See Revenue Revision 723 9 Banks 832, See Taxation < Banks, Army D.W. Bell recommends branches of Am. banks 7.44 behind the lines - discussion by 9.30 group 6/16/44 7441 47 ) Banks, Commercial 637 See Financing, Govt.: War Savings Bonds Banks (Commercial) 745 See Financing, Govt.: War Savings Bonds (Redemptions) 2 C Banks (Country) See Financing, Govt.: War Savings Bonds 602 Banks, Country See ABA 623 1 Banks, Savings 623 See Financing, Govt.: War Savings Bonds (2nd War Loan) Banning, Paul 396 See Appts. and Resignations 7 Banque Francaise Italienne pour l'Amerique du Sud 274 See War Conditions: France Banque Francaise Italienne See War Conditions: Foreign Funds Control 275 Banque 3. E. Charles and Cie. 807 See Foreign Funds Control: Gould, Mrs. Frank Jay Banque Worms See France 479 Banque Worms See Foreign Funds Control 511 Bank Worms See Military Reports 569 Banyas, Lawrence See Appts. and Resignations 388 6 Baradel, Joseph R. (Int. Rev. Agent in Chg., Newark, N.J.) See Appts. and resignations See Books 55 56 59 Baradel, Joseph R. (Int. Rev. Agent in Chg., Newark, N.J.) See Book 55, pages 29,86,225,227 Bee Appts. and Resignations 56 Barbi, E.W. (Customs Agent in Charge ,Lin) SEE 1 nrestigations -Traning pusmel 10 Barber, "Red" See Financing, Govt.: War Savings Bonds 571 Barclay's Bank See War Conditions: Foreign Funds Control 282 Barker, Mr. (White House Guard) See Employee Relations, Treas. 820 ] 1 ... Barkley, Alben W. (Senator, Ky.) See Revenue Revision 578 Barkley, Alben W. (Senator, Ky.) See Pest-War Planning: Currency Stabilization 740 (Internatl. Conf.) Barkley Trust Indenture Bill 168' See Banking Legislation Barlow, Lester P. 400 Foley memo on litigation 5/20/41 400: 131 Barlow, Lester P. 415 $300,000 claim against U.S. discussed in Treas. release 6/27/41 415: 212 Barnard, Chester I. See Appts. and Resignations 442 See also Book 470 Barnard, Chester I. See Social Security for memo m ampulsory $ 450 plans 1 Barnard, Chester I. 463 FBI investigation discussed in Gaston memo 11/18/41 463: 105 Barnard, Chester I. Dwight Davis and HMJr discuss 4/3/42 513: 56 513 Barnard, Chester I. 524 President of USO: Thanks HMJr for congratulations 5/6/42 524, XXXXX 217 Barnes, Wm. T. See Deferments, Military 572 Barrick, Reuben K. See Deferments, Military 772 / Barry, William B. (Congressman, NY) 831 Post-War Planning: Bretton Woods 831: 85 Bartelt, Edward F. 607 See Financing, Govt.: War Savings Bonds in Bartelt, Edward F. -1. 1 625 See Financing, Govt.1 War Savings Bonds (2nd War Loan Drive) 12 Bartelt, Edward P. See War Dept. See Books 630 632 1 Barteit, Edward 7. See Financing, Govt.: War Savings Bends 639 (Organization Plans) Barteit, Edward F. See Financing, Govt.: War Savings Bonds 648 (Payrell Savings Plan) Bartelt, E. F. See Treas. Dept.: Fiscal Asst. Secy. 812 : Bartelt, Edward F. See Treas. Dept.: Fiscal Asst. Secy. 824 Barter See China 144 # Germany