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Letter from Mr. Eugene Swearingen to Congressman James R. Jones regarding H.R. 11221

 Digital item
Identifier: CAC_CC_109_7_2_27_0010

Dates

  • January 24, 1974
  • 93rd (1973)

Scope and Contents

The text is a correspondence between Eugene Swearingen, Chairman of National Bank of Tulsa, and Congressman James R. Jones regarding House Resolution 11221, which would guarantee 100% insurance on all deposits of public funds in banks. Swearingen expresses concern about the inequity in regulations favoring savings and loan associations and mutual savings banks over commercial banks, and urges for uniform rates for all financial institutions. Congressman Jones assures Swearingen that his views will be considered when the bill reaches the House for a vote.