SPEAKER INDEX CONTENTS INSERTS BENTSEN 89 91 BEREUTER 13 31 32 33 34 44 45 52 56 59 64 68 71 72 75 80 83 86 87 88 89 92 93 GHIGLIERI 65 HOVE 56 87 88 KILPATRICK 41 42 43 44 KWALWASSER 75 88 LAFALCE 34 35 36 45 LUDWIG 52 81 87 92 MALONEY OF NEW YORK 14 MCCOLLUM 36 37 MCCOOL 15 22 23 24 27 28 29 30 32 33 35 36 37 39 40 41 42 43 44 PHILLIPS 47 82 84 RETSINAS 60 RICHARDS 68 85 91 92 ROUKEMA 8 13 14 21 23 24 25 30 31 34 36 38 39 41 SIBEARS 72 93 VENTO 11 26 27 28 29 30 31 80 82 83 85 86 WATT 14 34 38 39 40 41 WESTIN 25 WEYGAND 45 CONTENTS SPEAKERS INSERTS STATEMENT OF THOMAS J. McCOOL, DIRECTOR, FINANCIAL INSTITUTIONS AND MARKETS ISSUES, GENERAL GOVERNMENT DIVISION, U.S. GENERAL ACCOUNTING OFFICE; ACCOMPANIED BY SUSAN WESTIN, ASSOCIATE DIRECTOR PAGE 15 STATEMENT OF HON. SUSAN M. PHILLIPS, MEMBER, BOARD OF GOVERNORS, FEDERAL RESERVE SYSTEM PAGE 47 STATEMENT OF HON. EUGENE A. LUDWIG, COMPTROLLER, OFFICE OF THE COMPTROLLER OF THE CURRENCY PAGE 52 STATEMENT OF HON. ANDREW C. HOVE, JR., ACTING CHAIRMAN, FEDERAL DEPOSIT INSURANCE CORPORATION PAGE 56 STATEMENT OF HON. NICOLAS RETSINAS, ACTING DIRECTOR, OFFICE OF THRIFT SUPERVISION PAGE 60 STATEMENT OF CATHERINE A. GHIGLIERI, BANKING COMMISSIONER, STATE OF TEXAS PAGE 65 STATEMENT OF LORI A. RICHARDS, DIRECTOR, OFFICE OF COMPLIANCE INSPECTIONS AND EXAMINATIONS, U.S. SECURITIES AND EXCHANGE COMMISSION PAGE 68 STATEMENT OF DANIEL M. SIBEARS, VICE PRESIDENT, MEMBER REGULATION, NATIONAL ASSOCIATION OF SECURITIES DEALERS PAGE 72 STATEMENT OF EDWARD A. KWALWASSER, GROUP EXECUTIVE VICE PRESIDENT, REGULATION, NEW YORK STOCK EXCHANGE PAGE 75 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING