| Description | Draft of legislation required for Bill 'to regulate taking of deposits at interest' by licence, April. Board of Governors of the Federal Reserve System (FRB) request for information, April, June. Inter-departmental Committee set up on 'Control of HP Finance Companies' and its reports. Summary of position, 26 June 1956. Control of all deposits impractical. Banks warned off buying into finance houses, June 1956. FRB's 'Post-war growth of Instalment Credit in UK'. Report on Committee's progress, October 1956. First draft of 'Credit Trading Bill', October 1956. |