THE HUNT COMMISSION REPORT: A SEARCH FOR POLITICALLY FEASIBLE SOLUTIONS TO THE PROBLEMS OF FINANCIAL STRUCTURE.

The HC report contains over a hundred numbered or lettered recommendations. The subjects include broad topics such as taxation, insurance, chartering, branching, and regulation of several types of financial institutions. At the other extreme it contains some rather detailed points about the operation of trust departments of commercial banks. The discussion ranges from a broad consideration of social goals to some rather interesting details about the recent history of credit unions, and the operation of life insurance companies. This review will start with a brief look at the financial history of 1969. It will then compare the HC accomplishments with those of earlier commissions. In doing so, this review will focus on those subjects the HC itself seemed to give highest priority: Regulation Q, broadening the operational scope of specialized financial intermediaries, steadying the flow of mortgage funds, and the organization of Federal financial regulation. Lesser topics must, unfortunately, be neglected. The review will end with a look at some issues dodged or treated quite inadequately. [ABSTRACT FROM AUTHOR]