SECURITIES see also Investments

Amendments

Depository institution holding companies: authorize certain securities activities (S. 2851), 22553, 22644 [7AU], 23348, 23349, 23350, 23351 [9AU], 24400-24404 [6SE], 24782 [11SE], 24960, 24963, 24967, 24968, 24980-24983, 24985, 25001, 25002, 25019-25060 [12SE], 25282, 25287, 25292, 25313, 25314, 25372-25381 [13SE]

Insider Trading Sanctions Act: enact (H.R. 559), 20968 [25JY]

———enact (S. 910), 20107, 20146 [29JN]

Postal savings certificates: redemption, 6384 [22MR]

Sanctions against trading in securities: increase relative to possession of certain information (H.R. 559), 20968 [25JY]

Analyses

Employee Stock Ownership Act (H.R. 5095), 5093 [8MR]

Insider Trading Sanctions Act (S. 910), 20109 [29JN]

Moratorium on Formation of Combined Insurance, Banking, and Securities Organizations (H.R. 5342), 7861 [4AP]

Shareholder Protection Act (S. 2782), 17589 [20JN]

Articles and editorials

America as Tax Haven, 23302 [9AU]

Banking Regulation Reform (excerpt), 24742 [11SE]

Bank's New Services Prompt Higher Fees (excerpt), 24967 [12SE]

Bring References When You Bank in New York, 25333 [13SE]

Down With the IRA, 14349 [24MY]

Foreign Investors and Bearer Bonds (excerpt), 23299 [9AU]

Going After the Gains on Restricted Stock, 9177 [12AP]

Government Bonds—A Market in Trouble, 13477-13480 [23MY]

Group Buys $1.7 Billion of U.S. Bonds, Plans Bearer Form To Lure Foreigners, 23707 [10AU], 24162 [10AU]

Halting Insider Trading, 20970 [25JY]

Industry's Efforts, Accord With Dole Led Rostenkowski To Relent on Capital Gains, 22310 [2AU]

Money at Risk—Financial Institutions Are Showing the Strain of a Decade of Turmoil, 24378-24380 [6SE]

New York State To Ask High Court To Overturn Regional Banking Laws, 24378 [6SE]

Putting Fairness Back Into Takeovers, 15247 [6JN]

Role of Government in a Major Restructuring of Financial Institutions, 24993-24996 [12SE]

Role of Government in a Major Restructuring of Financial Institutions—Discussant's Comments (sundry), 24996 [12SE]

Senate's Banking Compromise, 29914 [4OC]

Soliciting Tax Evasion, 23301 [9AU]

Tax-Exempt Bonds—Study in Politics, 3023 [22FE]

Uncle Sam's Tax Haven, 23301 [9AU]

Wylie Calls for Early 1985 Hearings, Action on Banking Bill, 29914 [4OC]

Bills and resolutions

Banks and banking: limit amount of short-term broker deposits (see H.R. 5913)

———regulation of exercise of fiduciary powers (see H.R. 5696)

Bearer or zero coupon debt instruments: Dept. of the Treasury proposal (see H. Con. Res. 346)

Brokers: SEC authority to bar fraudulent and disreputable (see S. 2326)

Combined insurance, banking, and securities organizations: moratorium on formation (see H.R. 5342), 7585 [3AP]

Commission on Capital Markets: establish (see H.R. 5342), 7585 [3AP]

Corporate mergers: restrict dividends-received deduction by the extend to which the purchase was debt financed (see S. 2447)

———restrictions on purchase of equity class of a company stock (see S. 2448)

Corporations: allocate corporate tax revenues for payment to qualified registered voters (see H.R. 5085)

———discouraging establishment of large lines of credit which may be used for certain acquisitions (see H. Res. 585)

———improve protection of public interest and investors in cases of mergers (see H.R. 5914)

———minimum holding requirement for directors (see S. 2797)

———prohibit acquisitions of corporate control except by means of tender offers for all outstanding shares (see S. 2783)

———prohibit certain acquisitions except by means of tender offers for all outstanding shares (see H.R. 5694)

———prohibit purchase of own shares at a price above existing market price from any person holding more than 3% of shares and has held them for less than 2 years (see S. 2754)

———require stockholder approval for certain repurchases (see S. 2779)

———shareholders injunctive relief from harmful defensive tactics by management in takeover situations (see H.R. 5695)

Delaware River Basin Commission: allow sale of bonds at market rates (see S. 2803)

Deposit brokers: registration (see S. 2294; H.R. 5038)

Depository institution holding companies: authorize certain securities activities (see S. 2851)

Dept. of the Treasury: prohibit issuance of certain obligations in bearer form (see H.R. 6315)

———proposed bearer or zero coupon debt instruments (see H. Con. Res. 346)

Employee stockownership plans: 50% proceeds from sales of employer securities deducted in determining taxable estate (see H.R. 5485)

———repeal of 20% restriction (see S. 2306)

Federal Home Loan Bank Board: delay effective date of regulations on equity securities by federally insured savings and loan associations (see H. Con. Res. 363)

Financial institutions: implementation of FRS's recommended definition and purpose (see H.R. 5734)

Foreign investments: uniform margin requirements in transactions involving acquisition of stocks of U.S. corporations (see H.R. 5250)

Foreign investors: uniform limitation on use of credit to buy stocks in U.S. corporations (see S. 2372)

———withholding tax on disposition of U.S. real property interests (see H.R. 5326)

Life insurance companies: prevention from taking undue advantage of fresh-start provisions of Tax Reform Act relative to policyholder dividends (see H.R. 6312)

Mergers: shareholders injunctive relief from harmful defensive tactics by management in corporate takeover situations (see H.R. 5695)

Minority investment funds: nonrecognition of gain on sales and exchanges of capital assets (see H.R. 5096)

Monetary instrument transactions: improve enforcement provisions relating to records and reports (see H.R. 6025)

Private activity bonds: repeal limitation on aggregate face amount (see S. 2893; H.R. 6032)

Retirement accounts: acquisition and disposal of tangible investment assets (see H.R. 6253)

Securities Exchange Act: amend (see S. 2777, 2782, 2783, 2784, 2785; H.R. 5694)

Short-term broker deposits: 15% cap for insured by depository institutions (see S. 2679, 2681)

———15% cap for insured depository institutions (see H.R. 5643)

———limit amount of deposits acceptable by insured institutions (see H.R. 5913)

Taxation: allocate corporate tax revenues for payment to qualified registered voters (see H.R. 5085)

———change in imputed interest rate formula (see S. 2815)

———dividends (see H.R. 5085)

———generation-skipping transfers (see H.R. 6260, 6261)

———incentive stock options (see S. 3089; H.R. 6421)

———mortgage-backed builder bond transactions (see S. Con. Res. 91)

———real estate investment trusts (see H.R. 6236)

———rollover of gain on stocks sold to employees (see H.R. 5095)

———traded options (see S. 2376)

Treasury obligations: prohibit issuance in bearer form of securities having interests in (see H.R. 6180)

Zero-coupon bonds: inclusion in President's budget of a statement of the interest which accrues for each fiscal year (see S. 3038)

Cloture motions

Depository institution holding companies: authorize certain securities activities (S. 2851), 24386 [6SE], 24715 [10SE], 24765 [11SE], 25284 [13SE]

Court decisions

Bank merger, 24760 [11SE]

Interstate commerce: Supreme Court, 25660, 25661 [17SE]

Investment Company Institute v. Comptroller of the Currency (securities investments), 25297, 25299, 25300 [13SE]

Securities Industry Association v. FRS (securities activities), 25328 [13SE]

Decisions

Order approving Bank of New England Corp. merger: Federal Reserve Board, 24753-24759 [11SE]

Documents

Review of D'Amato Amendments to S. 2851, Financial Services Competitive Equity Act, 24702-24705 [10SE]

Examples

Financial institutions delayed funds disclosure statement, 24962 [12SE]

Explanations

Insider Trading Sanctions Act: enact (H.R. 559), Senate amendments, 20969 [25JY]

Sanctions against trading in securities: increase relative to possession of certain information (H.R. 559), Senate amendments, 20969 [25JY]

History

Glass-Steagall Act (securities activities of commercial banks), 24709 [10SE]

Letters

Comerica, Inc., divestiture: FRS, 24966 [12SE]

———Senator Riegle, 24966 [12SE]

Corporate sales of securities: T. Boone Pickens, Jr., 25306 [13SE]

Cost estimate on the Financial Services Competitive Equity Act (S. 2851): CBO, 22339 [3AU]

Deposit payoff program: FDIC, 25338 [13SE]

———Senator Wilson, 25338 [13SE]

Depository institution holding companies securities activities: California banking and insurance officials (excerpt), 25326 [13SE]

———Coca-Cola Co., 25337 [13SE]

———Conference of State Bank Supervisors (excerpt), 25321 [13SE]

———National Governors' Association (excerpts), 25320, 25321 [13SE]

Federal Home Loan Bank Board regulation on retroactive mutual-to-stock conversion, 30636 [5OC]

Financial Services Competitive Equity Act (S. 2851): National Governors' Association, 24705 [10SE]

———Sec. of the Treasury Regan, 24705 [10SE]

Repeal of withholding tax on U.S. interest earned by foreigners: Sec. of the Treasury Regan, 23302 [9AU]

———Senator Chafee, 23303 [9AU]

———Senator Dole, 23301, 23303 [9AU]

Sale of U.S. securities in foreign markets: Sec. of the Treasury Regan, 31887 [11OC]

Memorials of legislature

Colorado, 8522 [10AP]

Maryland, 29858 [4OC]

Motions

Depository institution holding companies: authorize certain securities activities (S. 2851), proceed to consideration, 24706 [10SE]

Petitions

Industrial development bonds: Houston, TX, City Council, 14930 [5JN]

Press releases

Bank mergers: Federal Reserve Board, 24753 [11SE]

Remarks in House

Bank deregulation: issues, 25096 [12SE]

Bank holding companies: redefine, 14334 [24MY]

Banking reform: proposed, 29639 [3OC]

Bearer bonds: authorize issuance, 25222 [13SE], 27184, 27185 [26SE]

Broker Deposit Limitation Act: enact (H.R. 5681), 12959 [18MY]

———enact (H.R. 5913), 18452, 18454 [22JN]

Combined insurance, banking, and securities organizations: moratorium on formation (H.R. 5342), 7580 [3AP], 7860 [4AP]

Commission on Capital Markets: establish (H.R. 5342), 7580 [3AP], 7860 [4AP]

Congressional Capital Investment Program Information Act: enact (H.R. 6428), 31106 [9OC]

Corporate acquisitions: methods of negotiation, 15247 [6JN]

Corporations: hostile takeovers (H.R. 5972), 19979 [28JN]

———permit injunctive relief from harmful defensive management tactics in takeover situations (H.R. 5695), 13443 [22MY]

———prohibit acquisition of control except by means of tender offers for all outstanding shares (H.R. 5694), 13443 [22MY]

Dept. of Treasury: eligibility for a zero tax rate (H.R. 6125), 24162 [10AU]

Employee Retirement Income Security Act: anniversary observance, 28152 [1OC]

Employee Stock Ownership Act: enact (H.R. 5095), 5089 [8MR]

Employee Stock Ownership Improvement Act: introduction (H.R. 4929), 3195 [23FE]

Financial institutions: regulation (H.R. 5881), 16765 [15JN]

———subject to same regulations as broker-dealers (H.R. 5696), 13443 [22MY]

Financial Institutions Act: introduction (H.R. 5881), 16765 [15JN]

Foreigners: withholding tax on certain interest payments, 21645 [31JY]

Free marketplace economics: response to budget, 8484 [10AP]

Incentive stock options: tax treatment (H.R. 6421), 30347 [5OC]

Independent Banking Preservation Act: enact (H.R. 5793), 15256 [6JN]

Industrial development bonds: issuance, 8829-8831, 8836, 8841, 8845, 8861, 8863 [11AP]

———tax issues, 3023 [22FE]

Insider Trading Sanctions Act: enact (H.R. 559), Senate amendment, 20968 [25JY]

———enact (H.R. 559), technical corrections (H. Con. Res. 340), 20971 [25JY]

Sanctions against trading in securities: increase relative to possession of certain information (H.R. 559), Senate amendment, 20968 [25JY]

———increase relative to possession of certain information (H.R. 559), technical corrections (H. Con. Res. 340), 20971 [25JY]

Securities Exchange Act: amend (H.R. 5693), 13443 [22MY]

Securities market: SEC registration requirements on publications, 31745 [10OC]

Takeovers: public and shareholders' right to know, 17724 [21JN]

Tax compliance: prevent repackaging of U.S. debt as bearer debt (H.R. 6315), 27361 [26SE]

Remarks in Senate

Bank mergers: application of title X of S. 2851, Financial Services Competitive Equity Act, 24701, 24705 [10SE], 24740 [11SE]

Banks and banking: regulation of exercise of fiduciary powers (S. 2785), 17587 [20JN]

Bonds: register sales to qualify for tax-exempt status, 23299-23303 [9AU], 23707 [10AU]

Bonds and debt instruments: tax status, 9099 [12AP], 22707 [8AU]

Bonneville Power Administration: status of tax-exempt bonds, 22707 [8AU]

Brokered Deposits Act: introduction (S. 2679), 12717 [17MY]

Brokers: bar from markets under certain conditions, 2915 [22FE]

Corporations: executive compensation disclosure, 24985 [12SE]

———minimum holding requirement for directors (S. 2797), 19378 [27JN]

Delaware River Basin Commission: allow sale of bonds at market rates (S. 2803), 19390 [27JN]

———allow sale of bonds at market rates (S. 2803), indefinitely postponed, 28926 [3OC]

Depository institution holding companies: authorize certain securities activities (S. 2851), 22339 [3AU], 22550-22554 [7AU], 24238-24249 [5SE], 24367-24385, 24404, 24405 [6SE], 24701, 24705 [10SE], 24744-24765 [11SE], 24960-24970, 24979-25003 [12SE], 25282, 25292-25358 [13SE], 25659-25661 [17SE], 29913, 29914 [4OC]

———authorize certain securities activities (S. 2851), authorizing printing, 23814 [10AU]

———authorize certain securities activities (S. 2851), cloture motion, 24386 [6SE], 24765 [11SE], 25284 [13SE]

———authorize certain securities activities (S. 2851), debate procedure, 24189 [5SE], 25276 [13SE]

———authorize certain securities activities (S. 2851), proceed to consideration, 24706-24716 [10SE], 24740-24744 [11SE]

———authorize certain securities activities (S. 2851), proceed to consideration—cloture motion, 24715 [10SE]

———authorize certain securities activities (S. 2851), proceed to consideration—unanimous-consent agreement, 24716 [10SE]

Federal Deposit Insurance Reform Act: introduction (S. 2294), 2500 [9FE]

Federal Home Loan Bank Board: moratorium on effective date of rule on brokered deposits, 31283 [10OC]

———regulation on retroactive mutual-to-stock conversion, 30635 [5OC]

Financial institutions: make commercial banks eligible for capital assistance, 25282-25287 [13SE]

Financial Services Competitive Equity Act (S. 2851): authorizing printing, 23814 [10AU]

Foreign sale: tax treatment, 31885-31888 [11OC]

Government bonds: financing budget deficit, 13477 [23MY]

Industrial development bonds: issuance, 8703-8712 [11AP], 9097, 9161, 9185-9188 [12AP], 12699 [17MY], 20174 [29JN]

———repeal tax cap (S. 2893), 21622 [31JY]

Insider Trading Sanctions Act: enact (H.R. 559), enrollment correction, 21403 [27JY]

———enact (H.R. 559), held at desk, 21226 [26JY]

———enact (S. 910), 20105-20109 [29JN]

———enact (S. 910), H.R. 559 passed in lieu, 20109 [29JN]

Option Tax Reform Act: introduction (S. 2376), 3821 [29FE]

Postal savings certificates: redemption, 6383 [22MR]

Sanctions against trading in securities: increase relative to possession of certain information (H.R. 559), enrollment correction, 21403 [27JY]

Securities Fraud Prevention Act: introduction (S. 2326), 2915 [22FE]

Shareholder Protection Act: introduction (S. 2782), 17587 [20JN]

Social security: taxation of benefits, 9087-9096, 9225 [12AP], 17192 [19JN]

Stocks: prohibit acquisitions of corporate control except by means of tender offers for all outstanding shares (S. 2783), 17587 [20JN]

———prohibit certain above-market-price purchases of shares by issuer (S. 2754), 16160 [13JN]

———require stockholder approval for certain repurchases of corporate (S. 2779), 17585 [20JN]

———sales of restricted, 9176, 9235 [12AP]

Taxation: business development companies (S. 1380), 31930 [11OC]

———change in imputed interest rate formula (S. 2815), 19655 [28JN]

———incentive stock options (S. 3089), 32027 [11OC]

Tender Offer Reform Act: introduction (S. 2784), 17587 [20JN]

Uniform Margin Requirement Act: introduction (S. 2372), 3811 [29FE]

Reports

Commodity Dealers Tax Reporting Requirements: Committee on Finance (excerpt), 20798 [25JY]

Depository Institution Holding Companies Authority To Engage in Certain Securities Activities: Committee on Banking, Housing, and Urban Affairs (S. 2851) (S. Rept. 98-560), 20479 [23JY]

Depository Institutions Activity Limitations: Committee on Banking, Finance and Urban Affairs (H.R. 5916) (H. Rept. 98-889), 20549 [23JY]

Grants to States To Foster Capital Investment Projects: committee of conference (S. 1330) (H. Rept. 98-1134), 29611 [3OC]

Securities Act and Securities Exchange Act Amendments Increasing Authority of FNMA and Federal Home Loan Mortgage Corp.: Committee on Energy and Commerce (H.R. 4557) (H. Rept. 98-994), 24533 [6SE]

Securities Exchange Act Amendment: Committee on Energy and Commerce (H.R. 5693) (H. Rept. 98-1028), 25559 [17SE]

Securities Exchange Act Amendment To Increase Sanctions Against Trading in Securities While Possessing Material Nonpublic Information: Committee on Banking, Housing, and Urban Affairs (S. 910), 18683 [26JN]

Small Business Act Amendment To Implement Creation of Market for Loans Guaranteed by SBA: Committee on Small Business (H.R. 4773) (H. Rept. 98-853), 17728 [21JN]

Reviews

State banking statutes and legislation concerned with expansion across State lines, 24762-24764 [11SE]

Statements

Corporate Takeover Acquisition Practices: Martin Lipton (excerpt), 24969 [12SE]

Depository Institution Holding Companies Securities Activities: American Bankers Association, 24990-24991 [12SE]

———Arthur F. Burns (excerpt), 25315 [13SE]

———Nelson Peach (excerpts), 25299, 25313 [13SE]

———Paul A. Volcker (excerpts), 25297, 25299, 25311, 25313 [13SE]

———Richard H. Jenrette, Securities Industry Association, 25302 [13SE]

———SEC (excerpts), 25302 [13SE]

———Senator Proxmire, 24376 [6SE]

———Walter S. Madsen (excerpt), 25320 [13SE]

———Walter Wriston (excerpts), 25295, 25299, 25303, 25312 [13SE]

———Winthrop W. Aldrich (excerpts), 25298, 25304, 25312 [13SE]

Employee Stock Ownership Act (H.R. 5095) (sundry excerpts), 5089 [8MR]

Federal Home Loan Bank Board Regulation on Retroactive Mutual-to-Stock Conversion, 30640 [5OC]

Financial Services Competitive Equity Act (S. 2851): sundry, 24708 [10SE]

Studies

Deposit Insurance—Changing Environment: FDIC, 24381-24383 [6SE]

Summaries

Bank Expansion Laws and Actions, 24764 [11SE]

Tables

Government bond average yields, 12019 [14MY]

Testimonies

Congressional Capital Investment Program Information Act (H.R. 6428): Representative Wright, 31107 [9OC]

Texts of

H. Con. Res. 340, Insider Trading Sanctions Act technical corrections, 20971 [25JY]

H.R. 5681, Broker Deposit Limitation Act, 12960 [18MY]

H.R. 5793, Independent Banking Preservation Act, 15257 [6JN]

H.R. 5913, Broker Deposit Limitation Act, 18453 [22JN]

H.R. 6125, eligibility for a Dept. of Treasury zero tax rate, 24163 [10AU]

S. 910, Insider Trading Sanctions Act, 20105 [29JN]

S. 2294, Federal Deposit Insurance Reform Act, 2500 [9FE]

S. 2326, Securities Fraud Prevention Act, 2916 [22FE]

S. 2376, Option Tax Reform Act, 3823 [29FE]

S. 2679, Brokered Deposits Act, 12718 [17MY]

S. 2754, prohibit certain above-market-price purchases of shares by issuer, 16160 [13JN]

S. 2779, require stockholder approval for certain repurchases of corporate stocks, 17586 [20JN]

S. 2782, Shareholder Protection Act, 17587 [20JN]

S. 2783, prohibit acquisitions of corporate control except by means of tender offers for all outstanding shares of stock, 17588 [20JN]

S. 2784, Tender Offer Reform Act, 17588 [20JN]

S. 2851, Financial Services Competitive Equity Act, 25340-25358 [13SE]

S. 2893, repeal tax cap on industrial development bonds, 21623 [31JY]

S. 3089, tax treatment of incentive stock options, 32027 [11OC]