Alabama Insurance

The committee members banks, ausgefeiltesten legislation now before Congress for aiding the savings and loan, the industry has received nearly $ 3.5 million in 1985 and 1986, action committees policy, with direct participation of legislation, a new study shows.

The committee members banks, ausgefeiltesten legislation now before Congress for aiding the savings and loan, the industry has received nearly $ 3.5 million in 1985 and 1986, action committees policy, with direct participation of legislation, a new study shows.

The study will be published this week by the newsletter’s PAC & lobby, shows that the political groups have contributed $ 2.9 million to 39 banks Committee members in the house and five in the Senate, again won the elections Over the last year.

The groups also have $ 534629 in campaigns of four new senators elected, the study said, adding that a large portion of the money contributed by Senators won und”ihre tasks to the banking commission was a possibility. “The senators, all those on behalf of the Committee, Terry Sanford of North Carolina, Richard C. Shelby of Alabama, Bob Graham of Florida, all Democrats, and Christopher S. Bond of Missouri, a Republican.

Today, the house version of its banking system, which inject $ 10.8 billion in cash Federal Savings & Loan Insurance Corporation, whose funds are almost exhausted by the loss of savings and credit clubs in throughout the country. Many losses resulting from loans for defaults in the fields of energy and agriculture, both have suffered serious economic problems in recent years. The Senate is expected, the approval of the action Tuesday. # 361 Political Action Committees”Es is interesting to note that human beings, wrote this law has received $ 3.5 million, will have to live with this law,’’said Ed Zuckerman, editor of the newsletter Information, led the study.

Mr. Zuckerman, said most of the political groups there was money to the legislator supports the bill. Some groups against the legislation, he said, while others membership is divided. The lautstärksten opponents, representatives of nonbanking companies in the banking business, gave $ 385689 to banks as members.

In total, 361 PAC’s sponsored by businesses or trade associations in commercial banks, savings and loan industry, insurance, securities and non-banking investment bankers have helped members of the panel . At the head of the study is a list of the American Bankers Association, whose political committee contributed $ 235454, among the banks, Citicorp’s, most PAC, $ 96427th

”What a pity, because it may be too we recognize that money plays a very important role in campaigns these days,’’said G. Kirk Willison, a spokesman for the Association of Bankers.

”We believe that the legislation be passed are finally passed its merits, not on contributions,”he said. ”But it is very, very expensive to run, and we want to show that the banks of a grassroots movement have an interest in this happening.”Recipients of contributions

The study shows that Senator Alan Cranston, Democrat of California, received $ 240150 in commissions, more than any other candidate. But Mr. Cranston get more money in the 1986 elections, as most other candidates, including $ 1.4 million in total PAC contributions, because it was locked in a little race in one of the largest states .

It was followed by Mr. Bond, received $ 225800 from the banking business-PAC’s. Senator Jake Garn, Republican of Utah and ranking minority member of the Banking Commission, has received $ 203925, and Senator Alfonse D’Amato, M., a New York Republican, received $ 198233. Senator William Proxmire, Democrat of Wisconsin and chairman of the panel banks not to accept money from political action committees.

In the house, representatives of Fernand J. St Germain, Rhode Island Democrat, is chairman of the Banking Committee, collected $ 214452 from political groups. It was followed by George C. Wortley representative, Republican from New York City, has received $ 103926.