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

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Title

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

Creator

  • Author: Tower, John G. (John Goodwin), 1925-1991
    Creator Type: Personal

Date

  • Creation: 1973~

Language

  • English

Description

  • Content 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.

Subject

  • Library of Congress Subject Headings: Speeches, addresses, etc., American -- 20th century.
  • Library of Congress Subject Headings: Tower, John G. (John Goodwin), 1925-1991.
  • Library of Congress Subject Headings: United States -- Politics and government -- 20th century.
  • University of North Texas Libraries Browse Structure: Government and Law - Politics - Speeches
  • Library of Congress Subject Headings: Savings and loan associations.
  • Library of Congress Subject Headings: Nixon, Richard M. -- (Richard Milhous), -- 1913-1994.
  • Library of Congress Subject Headings: Department of Housing and Urban Development.
  • Library of Congress Subject Headings: Federal Housing Administration.
  • Library of Congress Subject Headings: Energy policy.
  • Library of Congress Subject Headings: Senate Joint Resolution 160.
  • Library of Congress Subject Headings: President's Commission on Financial Structure and Regulation.
  • Library of Congress Subject Headings: Hunt Commission Report.
  • Library of Congress Subject Headings: Senate Bill 2591: Financial Institutions Act (93rd Congress).
  • Library of Congress Subject Headings: Subcommittee on Financial Institutions.
  • Library of Congress Subject Headings: Senate Bill 2735: Emergency Mortgage Credit Act (93rd Congress).
  • Library of Congress Subject Headings: Freddie Mac (Firm) -- Finance.

Primary Source

  • Item is a Primary Source

Coverage

  • Place Name: United States
  • Time Period: mod-tim

Collection

  • Name: Senator John G. Tower Collection
    Code: JTOWER

Institution

  • Name: Southwestern University
    Code: SOUTHUN

Rights

  • Rights Statement: Available for research use; permission needed for publication.

Resource Type

  • Text

Format

  • Text

Identifier

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

Note

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