Article: Statement by J. Virgil Mattingly, Jr., General Counsel, Board of Governors of the Federal Reserve System, before the Subcommittee on Terrorism, Narcotics and International Operations of the Committee on Foreign Relations, U.S. Senate, May 14, 1992. (Statements to the Congress) (Transcript)

Statement by J. Virgil Mattingly, Jr., General Counsel, Board of Governors of the Federal Reserve System, before the Subcommittee on Terrorism, Narcotics and International Operations of the Committee on Foreign Relations, U.S. Senate, May 14, 1992

I am pleased to appear again before this subcommittee to report on the Federal Reserve's actions regarding the Bank of Credit and Commerce International (BCCI). Since my last appearance, on August 1, 1991, the Federal Reserve has continued to investigate the circumstances under hich BCCI gained control of the shares of U.S. taking organizations, to prosecute enforcement actions against those responsible for wrongdoing ...

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