FINANCE COMMISSION OF TEXAS
FINANCE COMMISSION OF TEXAS. The Finance Commission of Texas was established in 1943 to act as the supervisor and policy maker for the state Banking Department, Savings and Loan Department, and Office of the Consumer Credit Commissioner. A nine-member board, consisting of two banking executives, two savings and loan executives, and five business representatives, is appointed by the governor for overlapping six-year terms. The commission appoints the executive directors of the three agencies and conducts examinations of their financial activities to submit an annual report to the governor. The board also approves departmental budgets and reports to legislative committees about financial issues. The commission is generally responsible for determining regulation policies for the state financial industries. The agencies of the Banking and Savings and Loan departments and the Consumer Credit Commissioner furnish support services and operating funds to the Finance Commission. Almost thirty employees worked for the commission in 1991.
Image Use Disclaimer
All copyrighted materials included within the Handbook of Texas Online are in accordance with Title 17 U.S.C. Section 107 related to Copyright and “Fair Use” for Non-Profit educational institutions, which permits the Texas State Historical Association (TSHA), to utilize copyrighted materials to further scholarship, education, and inform the public. The TSHA makes every effort to conform to the principles of fair use and to comply with copyright law.
For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml
If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.
The following, adapted from the Chicago Manual of Style, 15th edition, is the preferred citation for this article.Laurie E. Jasinski, "FINANCE COMMISSION OF TEXAS," Handbook of Texas Online (http://www.tshaonline.org/handbook/online/articles/mdfqq), accessed February 11, 2016. Uploaded on June 12, 2010. Published by the Texas State Historical Association.
Get Texas history everyday,
with day by day
Each day's email tells a little bit more of the story of Texas and links to our collection of more than 27,000 articles