Impact of Banking Reform

The subcommittee heard testimony on banking reform proposals, and the possible effects of the proposals on bank depositors. Banking… read more

The subcommittee heard testimony on banking reform proposals, and the possible effects of the proposals on bank depositors. Banking reform measures included legislation that would allow stable banking institutions to offer new financial products to consumers, such as insurance services or money-market funds, and legislation that would allow large branching systems for well capitalized banks. Items cited by the U.S. Treasury that directly affect banking consumers included a federal banking insurance program that would be less apt to use taxpayers' money to cover deposits in failed banking institutions, a larger choice of financial products and added convenience for bank patrons, and lower interest rates and improved credit for consumers and communities. Consumer representatives showed concern over the possibility that overseas banks could use loosened bank branching laws to acquire a large part of American banking capital, which may have far-ranging effects on credit. Comparisons were drawn between the deregulation of the savings and loan industry and the stated goals of the banking legislation. The testimony was marked with sharp exchanges between consumer advocates and Rep. Barnard, who supported the Treasury’s legislation. close

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Impact of Banking Reform

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Program ID:
17499-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 10, 1991
Last Aired:
Apr 13, 1991

Airing Details

  • Apr 10, 1991 | 11:05am EDT | C-SPAN 1
  • Apr 10, 1991 | 8:54pm EDT | C-SPAN 1
  • Apr 11, 1991 | 5:10am EDT | C-SPAN 2
  • Apr 13, 1991 | 7:05am EDT | C-SPAN 2
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