[John Tower Speech to Savings and Loan Associations about Legislation Affecting Savings and Loan Industry - c. 1973]

Description

Speech delivered by Senator John Tower to Savings and Loan Associations updating them on legislative developments that may affect their industry. Tower explains changes occurring in the housing market such as reduced construction of homes and the flight of people to inner city housing. He also mentions measures that could hurt thrift associations such as President Nixon's proposal for a Department of Housing and Urban Development co-insurance program that would require savings and loan associations to insure loans with the Federal Housing Administration. There is also a major concern about Federal Reserve regulations that could essentially transfer funds from thrifts ... continued below

Physical Description

11 p.

Creation Information

Tower, John G. (John Goodwin), 1925-1991 1973~.

Context

This text is part of the collection entitled: Senator John G. Tower Collection and was provided by Southwestern University to The Portal to Texas History, a digital repository hosted by the UNT Libraries. It has been viewed 14 times . More information about this text can be viewed below.

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Southwestern University

Southwestern University is a private four-year liberal arts college in Georgetown, Texas and the first institution of higher learning in Texas. Special Collections at Southwestern University is the largest special collection of schools its size.

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Description

Speech delivered by Senator John Tower to Savings and Loan Associations updating them on legislative developments that may affect their industry. Tower explains changes occurring in the housing market such as reduced construction of homes and the flight of people to inner city housing. He also mentions measures that could hurt thrift associations such as President Nixon's proposal for a Department of Housing and Urban Development co-insurance program that would require savings and loan associations to insure loans with the Federal Housing Administration. There is also a major concern about Federal Reserve regulations that could essentially transfer funds from thrifts to commercial banks. To alleviate this issue, John Tower introduced and promoted Senate Joint Resolution 160 as a "band-aid" and hopes that Senate Bill 2591 will provide a more thorough diagnosis of the problem.

Physical Description

11 p.

Notes

Funded in part by the Institute of Museum & Library Services and the Texas State Library & Archives Commission (2015).

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  • Accession or Local Control No: TowerSpeeches-Box20-Folder9-Savingsandloan-SM
  • Archival Resource Key: ark:/67531/metapth601061

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Senator John G. Tower Collection

Primary source materials produced by Senator John G. Tower and his office during his term as United States Senator from Texas from 1961 to 1984.

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Creation Date

  • 1973~

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Added to The The Portal to Texas History

  • April 2, 2015, 8:57 a.m.

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  • May 25, 2017, 2:07 p.m.

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Tower, John G. (John Goodwin), 1925-1991. [John Tower Speech to Savings and Loan Associations about Legislation Affecting Savings and Loan Industry - c. 1973], text, 1973~; (https://texashistory.unt.edu/ark:/67531/metapth601061/: accessed April 23, 2019), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Southwestern University.