{"@context":"http://iiif.io/api/presentation/3/context.json","id":"https://houstonlibrary.aviaryplatform.com/iiif/hq3rv0ff1n/manifest","type":"Manifest","label":{"en":["King, Tom"]},"logo":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/252/original/HPL_ArchiveBannerCDM2.jpg?1738348845","metadata":[{"label":{"en":["Publisher"]},"value":{"en":["Houston Public Library Special Collections"]}},{"label":{"en":["Rights Statement"]},"value":{"en":["\u003cp\u003e\u003ca href=\"https://rightsstatements.org/page/CNE/1.0/?language=en\"\u003eCopyright Not Evaluated \u003c/a\u003e\u003c/p\u003e\n\u003cp\u003ePlease contact the Houston History Research Center, Houston, Texas. To request item: https://digital.houstonlibrary.org/reproductions-and-copyright\u003c/p\u003e"]}},{"label":{"en":["Agent"]},"value":{"en":["King, Tom (Interviewee)","Courtwright, David (Interviewer)"]}},{"label":{"en":["Date"]},"value":{"en":["November 18, 1975 (created)"]}},{"label":{"en":["Language"]},"value":{"en":["English (primary)"]}},{"label":{"en":["Description"]},"value":{"en":["\u003cp\u003eBorn in Hillsboro, Texas, Tom King got a job in Southwestern Savings and Loan Company in Houston in 1953. It did not take him long to grow into the whole gamut of investments like real estate development and management and credit, life insurance and data processing system.\u003c/p\u003e"]}},{"label":{"en":["Format"]},"value":{"en":["Videocassette tape, sound"]}},{"label":{"en":["Subject"]},"value":{"en":["Houston (Tex.) (geographic)","Oral histories","Savings and loan associations","Real estate development","Banks and banking","Finance","Businessmen","Businessmen--Texas--Houston","Businesspeople;"]}},{"label":{"en":["Type"]},"value":{"en":["Sound"]}},{"label":{"en":["Custom Identifier"]},"value":{"en":["OH0092"]}},{"label":{"en":["Note"]},"value":{"en":["Original"]}},{"label":{"en":["Funding Note"]},"value":{"en":["This project was made possible in part by the Institute of Museum and Library Services [ARPML-250908-OMLS-22]."]}}],"summary":{"en":["\u003cp\u003eBorn in Hillsboro, Texas, Tom King got a job in Southwestern Savings and Loan Company in Houston in 1953. It did not take him long to grow into the whole gamut of investments like real estate development and management and credit, life insurance and data processing system.\u003c/p\u003e"]},"requiredStatement":{"label":{"en":["Attribution"]},"value":{"en":["\u003cp\u003e\u003ca href=\"https://rightsstatements.org/page/CNE/1.0/?language=en\"\u003eCopyright Not Evaluated \u003c/a\u003e\u003c/p\u003e\n\u003cp\u003ePlease contact the Houston History Research Center, Houston, Texas. To request item: https://digital.houstonlibrary.org/reproductions-and-copyright\u003c/p\u003e"]}},"provider":[{"id":"https://houstonlibrary.aviaryplatform.com/aboutus","type":"Agent","label":{"en":["Houston Public Library"]},"homepage":[{"id":"https://houstonlibrary.aviaryplatform.com/","type":"Text","label":{"en":["Houston Public Library"]},"format":"text/html"}],"logo":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/252/original/HPL_ArchiveBannerCDM2.jpg?1738348845","type":"Image"}]}],"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/215/463/small/open-uri20231108-480-5c5fad_1699463221.jpg?1699445224","type":"Image","format":"image/jpeg"}],"items":[{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463","type":"Canvas","label":{"en":["Media File 1 of 1 - OH0092TomSKing.mp4"]},"duration":3164.415,"width":640,"height":360,"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/215/463/small/open-uri20231108-480-5c5fad_1699463221.jpg?1699445224","type":"Image","format":"image/jpeg"}],"items":[{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/content/1","type":"AnnotationPage","items":[{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/content/1/annotation/1","type":"Annotation","motivation":"painting","body":{"id":"https://aviary-p-houstonlibrary.s3.wasabisys.com/collection_resource_files/resource_files/000/215/463/original/OH0092TomSKing.mp4?1699445220","type":"Video","format":"video/mp4","duration":3164.415,"width":640,"height":360},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463","metadata":[]}]}],"annotations":[{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139","type":"AnnotationPage","label":{"en":["OH0092TomSKing [Transcript]"]},"items":[{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/1","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Interview with Tom S.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=4.3,6.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/2","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"King, November 18th, 1975.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=6.2,8.9"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Mr. King, where were you born?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=10.56,12.02"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In Hillsboro, Texas.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=12.78,14.18"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what brought you to Houston?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=15.18,16.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was in the savings and loan business in Dallas after World War II, and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=17.22,24.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"being a young man out of college, I was offered a job with Southwestern Savings","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=24.52,29.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Houston in 1953, and I came to Houston at that time.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=29.72,33.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What first got you interested in the savings and loan business?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=34.32,37.0"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was looking for a job right out of college in 1948.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=37.96,42.68"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It seems that you've gotten into a good field.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=43.58,46.18"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, now, when you first came here, Southwestern Savings and Loan was","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=47.8,52.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"considerably smaller, is that correct?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=52.12,53.8"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes, they had started business in 1952 and were approximately $2 million in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=53.94,60.8"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"assets at the time.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=60.8,61.96"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One thing I'm very much concerned about getting down on tape is the process of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=62.8,67.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"growth in the industry.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=67.74,69.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Could you describe for us how the association has grown over the years?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=69.78,74.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In 1953, when I came here in October, they had assets of approximately $2","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=75.3,82.18"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"million.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=82.18,82.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In October 31, 1975, we had assets of $235","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=86.6,92.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So that's 22 years, over $200 million growth in that 22-year period.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=94.14,103.19"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"$220 million growth.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=103.99,105.27"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At the heart of this is branching.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=106.09,107.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There was continual growth of the number of branches during this period.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=108.07,111.51"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's right.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=111.73,112.29"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We were the first association in Houston to go into branching in 1956.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=112.29,119.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At the present time, we have 16 branch offices in the city of Houston.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=121.17,126.31"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Could you describe the process of branching?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=127.69,130.15"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"From whom do you have to get permission?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=130.89,132.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes, in the early days, the savings and loan industry was","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=133.37,142.13"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"supervised not only by the Federal Home Loan Bank and the Federal Insurance","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=142.13,148.59"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Corporation out of Washington, but by the State Banking Department, who had a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=148.59,155.11"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"gentleman designated as savings and loan supervisor under the banking","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=155.11,160.57"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"commissioner.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=160.57,161.19"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In those days, the rules and regulations were not spelled out in as detail as","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=161.95,168.19"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they are now.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=168.19,169.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you more or less wrote a letter to the banking commissioner asking to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=170.99,174.79"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"establish a branch.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=174.79,175.85"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If he wanted to grant, he would.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=175.95,177.35"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If he didn't want to, he'd turn you down more than likely.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=177.43,180.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He would just put your request in a desk drawer and forget about it.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=181.93,185.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But then the evolution of the savings and loan business in Texas was beginning","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=185.89,193.45"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to materialize.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=193.45,195.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/45","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in about 1960, the state law was changed that set up a savings and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=195.57,202.21"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/46","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loan department with a savings and loan commissioner apart from the banking","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=202.21,207.33"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/47","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"department.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=207.33,207.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/48","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And rules and regulations were promulgated and various public hearings have to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=209.39,215.23"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/49","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"be had so that when you want a charter or a branch office, you file","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=215.23,218.97"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/50","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"an application and then the commissioner sets down a hearing date and you have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=218.97,223.61"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a public hearing.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=223.61,224.39"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Anybody can protest or be for you for that matter.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=224.53,230.85"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/53","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then he eventually, after a period of time and after reading the transcript","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=231.55,235.25"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/54","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the hearing, will grant the branch or the charter or deny it.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=235.25,238.91"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Then if you don't like his decisions, you can take it on to the courts","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=239.73,245.61"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for adjudication in the courts.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=245.61,248.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this, in fact, happened in 1960.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=248.37,250.49"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I believe that your association had a run-in with a state official named","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=251.29,255.29"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Faulkner?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=255.29,255.829"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, that was before 1960.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=256.25,258.209"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Oh, what date was that?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=258.269,259.37"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That was about 1956, 57.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=260.17,263.39"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We filed for branch offices and he decided that he would not take notice of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=263.93,273.41"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our application, put it in his desk drawer and forgot about it.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=273.41,276.59"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"After a reasonable time, we opened several branch offices in the city of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=278.45,283.75"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Houston and then he brought suit against us to make us close the branch","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=283.75,290.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"offices.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=290.01,290.45"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But in the end, it went all the way to the Supreme Court.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=290.73,293.41"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in the end, Southwestern was granted branches and it set the pattern that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=293.41,299.17"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"savings and loans in Texas could have branches and it more or less forced the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=299.17,306.03"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rules and regulations to be promulgated as procedures to go through together.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=306.03,312.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Right, so actually your association was instrumental in that change that came","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=313.0,316.66"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=316.66,316.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We had the test case on the matter, yes.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=317.38,321.42"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, a strategy that banks have adopted is the holding company as a kind of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=322.32,328.48"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"de facto branch.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=328.48,329.7"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/77","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Have you lost a competitive edge with banks now because they are more or less","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=331.4,335.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/78","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"able to do the same thing?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=335.56,336.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/79","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=338.58,338.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/80","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There is a constitutional prohibition for commercial banks to have branches in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=342.1,346.84"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the state of Texas that still exist today.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=346.84,349.1"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so they've used the holding company as a way to not only have several","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=349.74,356.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/83","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"banks in one market but to have banks statewide where they can have a statewide","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=356.74,362.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/84","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"operation.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=362.26,364.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But in the savings and loan business, we are still the family-oriented","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=364.58,369.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"financial centers and our branch offices are basically in the community out","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=369.74,375.62"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/87","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where the people live and we don't have to have the extra capital base that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=375.62,381.54"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/88","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the commercial banks do and we can put more offices closer to the people where","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=381.54,389.46"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/89","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they need the services and can do it more profitable and at less expense.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=389.46,394.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/90","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But still you offer many of the services that a bank would offer.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=398.3,401.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/91","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes, the only thing that we do not have is the checking account.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=402.66,409.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/92","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have the day-to-day passbook account where they can put the family","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=409.44,417.86"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"monthly grocery money in and draw interest on it and when they need they can","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=417.86,424.4"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"withdraw it in the neighborhood where they live and go buy their groceries and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=424.4,427.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"thereby earn interest on their household money.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=427.52,431.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If this is a trend I'd like to pursue a bit further, how long has","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=431.16,440.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this merging of functions been going on?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=440.58,443.08"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Was this pronounced when you first came into the savings and loan business?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=443.18,447.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No, in 1948 when I got into the savings and loan business it was a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=448.2,452.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"very simple business.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=452.58,453.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We had a passbook account and a fully paid certificate, both paid the same rate","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=454.0,462.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of dividend and home loans were generally 20 or 30 percent down payment and the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=462.26,469.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"longest term you could get were 15 years.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=469.72,472.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Very simple business.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=472.58,474.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not many people had really heard of savings and loans and what they had done.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=475.58,481.84"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the early 30s the savings and loan business also originated the direct","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=483.7,491.42"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"monthly payment, even payment deal, which was adopted by the federal government","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=491.42,496.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in their FHA home loans where you have a set monthly payment for a period","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=496.76,503.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of time that didn't change and so from that standpoint it was a very simple","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=503.34,509.82"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"business of accumulating the people's savings and passbooks and loaning it to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=509.82,515.22"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"people to buy their homes on a monthly payment arrangement.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=515.22,519.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But now you're into things like real estate development and management, credit","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=521.559,525.6"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"life insurance, management of real estate investment trusts and even data","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=525.6,529.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"processing systems.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=529.92,531.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's correct.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=531.6,532.14"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The whole gamut of financial services to the family.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=532.38,536.8"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is the reason for this diversification because these things just lent","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=537.98,543.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"themselves to the basic function of the institution?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=543.92,546.18"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That is to say if you were in mortgages why not get into real estate","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=546.4,549.42"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"development as well?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=549.42,550.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's right.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=551.06,551.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Someone had to put on subdivisions so houses could be built and it was just","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=555.68,561.86"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a natural event for savings and loans to get into the business of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=561.86,571.08"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"developing the subdivision seeing that the houses were built properly and then","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=571.08,576.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"financing for the people.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=576.52,578.2"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course when you're financing their home which is the one major purchase","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=579.04,583.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that most families have in their whole lifetime other things came up.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=583.78,588.46"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They needed to buy furniture for their home so savings and loans now can make","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=588.8,596.08"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loans on furniture that goes into the home.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=596.08,598.46"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As homes get older they need to be remodeled or a fence needs to be","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=599.06,602.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"put around the backyard so these home improvement loans are made by savings and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=602.74,606.84"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loans.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=606.84,607.14"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Also the family needs a car to get around in so we can finance their","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=608.3,612.86"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"car.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=612.86,613.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What's evolved in the last 20 years from strictly a savings and loan operation","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=614.44,622.48"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of financing a home we have evolved into the family financial center.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=622.48,628.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We don't finance businesses per se like commercial banks do but the American","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=628.38,634.7"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"family the Houstonian family can get all of their financial needs in the way of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=634.7,642.04"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"borrowing or savings for the future for anything dealing with the family and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=642.04,646.96"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the home at a savings and loan association.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=646.96,648.88"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's certainly a very convenient package to offer a person but now in your","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=649.6,657.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"position as an administrator what are some of the liabilities of this","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=657.72,661.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"complexity, if any?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=661.72,663.1"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Liabilities?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=664.66,665.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is it getting out of hand?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=667.16,669.32"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No, fortunately because of the advance in the electronic communications and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=670.76,678.18"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"computers it makes it much easier to manage from a manager's standpoint because","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=678.18,687.42"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can get the information so quickly at your fingertips through the computers","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=687.42,691.5"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to let you know basically what's going on in your community and in all of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=691.5,696.18"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"your branch offices they're all tied into a central computer so at any minute","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=696.18,701.4"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can know exactly what's happening all over the city and in your business","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=701.4,705.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from all your branches.","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=705.12,706.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The basic liability the basic problem in management of a savings and loan is","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=710.08,717.9"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that people save money and it's basically only short-term arrangement or a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=717.9,726.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"passbook they can withdraw any day they want to certificates of deposits","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=726.78,732.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"basically have terms but they can go from six months to four years and if","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=732.06,737.64"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they need the money before the term of the certificate is up they can get","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=737.64,741.64"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it by paying penalties but they can't get the money so the job of a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=741.64,747.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"manager of a savings and loan basically is to have a steady flow of funds","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=747.26,753.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"coming in even though it's short-term because 80 or 90% of our investments","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=753.24,760.04"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are for 25 and 30 years so it's trying to balance the short-term money","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=760.04,768.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you have available to loan that you've already got out in long-term loans","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=768.16,772.62"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you can't call back in if the time is needed so the main liability","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=772.62,780.82"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in all these services if it's a liability is a management problem and that is","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=780.82,785.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"strictly a cash management cash flow being sure the repayments on loans and new","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=787.16,792.86"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"savings coming in is a matched by the lending side that you","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=792.86,802.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"don't make commitments to make more loans and you have money coming in there's","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=802.78,808.04"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one other data processing angle I'd like to talk about and that is well","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=808.04,813.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sometimes I hear conversation about the checklist society that's coming in fact","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=813.52,819.0"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"people will write less checks and there will be direct electronic transfers","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=819.0,822.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from one account to another do you look for that in your own association?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=822.56,826.6"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"yes we hope to have it in 1976 isn't there a a problem insofar as","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=826.98,832.54"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"people like to see their paycheck?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=832.54,834.2"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're a little bit ambivalent about money being transferred directly and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=834.68,839.54"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"electronically you must have read the Wall Street Journal this morning no I","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=839.54,843.9"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"didn't as a matter of fact there's an article on the Wall Street Journal this","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=843.9,847.88"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"morning which indicates that some people are reluctant to make their deposit","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=847.88,852.94"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"electronically because they like to get their paycheck in their hand and they","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=852.94,856.66"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have something concrete evidence of the labor of that they put forth the period","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=856.66,865.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"before I sympathize with that well yeah but basically I think and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=865.56,876.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I may be a little facetious when I make this remark but I think a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=879.0,882.94"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"person that takes that attitude basically maybe is going to a bank or a savings","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=882.94,889.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loan cashing that payroll check and then telling his wife that he got a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=889.52,893.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"different figure maybe you see a normal man that it makes no difference whether","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=893.76,903.04"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he's got a check which he has to either mail to his bank for deposit","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=903.04,906.86"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he has to go somewhere and get it cashed there's no difference in in seeing","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=906.86,913.4"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the benefit of his labor than having it electronically transferred from from","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=913.4,920.0"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"his employer to his account at a savings and loan or at a commercial bank","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=920.0,924.54"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he still gets at the end of each month a statement which shows how much","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=924.54,929.48"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"money was deposited to his account which is evidence of the labor of his love","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=929.48,933.3"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"love of his labor and so anyway people's habits are people's habits are","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=933.3,942.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"ethnic I think more than anything one ethnic group may like to get that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=944.42,951.0"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"paycheck every Friday afternoon and he's been doing it for 40 years and it may","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=951.0,959.02"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"be difficult for him to understand and I'm sure there's some hiding of how much","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=959.02,965.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a man actually makes from his family probably not too much but there's probably","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=965.24,970.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some of that who would not like to have his total paycheck transferred","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=970.26,978.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"electronically from the employer to a bank or a savings loan because basically","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=978.92,987.08"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"each individual I think is somewhat secretive especially in his own personal","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=987.08,996.88"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"financial matters and they don't want it generally spread everywhere else they","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=996.88,1002.6"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"think of how much I make or how much I spend or how much money","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1002.6,1006.82"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I have on deposit or what not and they may feel that the check they","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1006.82,1015.64"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"get in their hand nobody but the teller where they deposit really knows well","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1015.64,1020.02"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when you look at it from an electronic standpoint nobody really knows one","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1020.84,1024.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"computer is telling another computer nobody really knows what there's even more","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1024.26,1029.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"secrecy from that standpoint because no individual has to handle that check you","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1029.28,1036.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"know nobody can read a tape a computer can read a tape but a person","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1036.78,1040.599"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can't so in the matter of secrecy or not letting anybody else know what he","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1040.599,1049.8"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"personally is being paid is a myth and in time the advantages of it will","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1049.8,1056.08"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"far outweigh the disadvantages of getting an actual payroll check in hand right","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1056.08,1062.32"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there are substantial savings that you could then pass on as a result of a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1062.32,1066.38"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"more efficient well I wouldn't say I don't know in the way of savings to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1066.38,1071.4"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the well at least in terms of time in time that's right he doesn't have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1071.4,1074.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to mail his paycheck for deposit he doesn't have to use gasoline to go","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1074.98,1079.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"somewhere to make the deposit because on the Checklist Society or the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1079.34,1088.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"electronic funds transfer systems or whatever come out in the future it's all","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1089.34,1095.96"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"done automatically and so that if he if it's payday today and his wife wants","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1095.96,1105.8"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to go to a store and buy groceries she can't wait for him to get","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1105.8,1109.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"home to bring the money if it's automatically deposited to a savings account at","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1109.12,1114.8"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a savings and loan association she can go to that savings and loan association","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1114.8,1119.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the neighborhood close to where she lives and make a withdrawal that day for","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1119.72,1124.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"enough money to go buy the groceries that night without him having to wait for","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1124.58,1128.32"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"him to bring the paycheck home or a check or wait for the check to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1128.32,1132.84"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"get to the bank basically there are so many reasons for doing it in the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1132.84,1140.94"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"way of convenience and time savings for the customer but there is one distinct","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1140.94,1146.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"disadvantage to it and that is that you can't write a check today knowing that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1146.06,1155.46"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"your deposit's not going to get there till tomorrow and your deposit will get","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1155.46,1159.9"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the bank or the savings loan before your check gets there so you're riding","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1159.9,1163.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the float a little bit when they check the society there will be no float","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1163.92,1168.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"right, that would seem to be more of a problem with banks and checking accounts","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1168.72,1172.48"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"per se rather than a savings account unless you're liable to withdraw from your","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1172.48,1178.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"account quickly well, on a day-to-day savings account you can make a deposit","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1178.98,1183.02"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"today and withdraw today that's something that can get one day's interest I","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1183.02,1188.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"hadn't really realized do people use savings accounts as checking accounts?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1188.26,1192.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in many cases, yes but is there any incentive to do that?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1192.76,1197.54"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is it cheaper?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1197.7,1198.18"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it pays interest well where a checking account does not aren't there certain","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1198.44,1203.82"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"penalties incurred if a person makes X number of withdrawals?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1203.82,1207.38"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no no savings loans cannot charge activity accounts activity fees","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1207.44,1217.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for we have accounts that have two or three transactions a day we have many","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1217.76,1224.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"small businesses each day the small business deposits his day's receipts in a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1224.74,1230.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"day-to-day savings account and earns interest on it no, we encourage it we","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1230.34,1236.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"want to be the financial, small man family financial center but in the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1236.16,1243.48"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"discourage it in the sense that this creates a headache for you having to keep","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1244.32,1248.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"track of cash flow well that's true but again, I say with the electronic","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1248.98,1256.64"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"computers we have it is really no problem and of course one of the ways","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1257.68,1265.86"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we can judge more reliably the cash flow coming in the front door","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1265.86,1275.1"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is with this daily activity every month a paycheck being put to a day-to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1275.1,1282.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"-day savings account even though there is some money going out to pay bills and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1282.16,1288.62"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"groceries and so forth you still have a regular steady amount of money coming","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1288.62,1293.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in every day into these savings accounts it flattens out the ups and downs of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1293.28,1299.54"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"intermediation or disintermediation so so you think that after people try this","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1301.0,1309.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for a while and see the advantages that the transition will be a little","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1309.01,1313.13"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"smoother and more people will be willing yes and I think the real impact of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1313.13,1319.25"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the checklist society will only be realized in the next few years when point of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1319.25,1325.77"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sale terminals are available in the major grocery stores, department stores or","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1325.77,1330.21"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what not where all you have to take with you is a little plastic card","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1330.21,1333.45"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you can go to your store where you normally do business and not have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1334.59,1339.51"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to worry about cash or a check just your plastic card and buy what you","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1339.51,1347.45"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"want by inserting the card in the point of sales terminals when enough of those","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1347.45,1353.19"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are out I think that's when most people will realize the full benefit of the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1353.19,1359.17"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"checklist society I'd like to talk about housing now and you must find","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1359.17,1369.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/262","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"yourself in a bit of an unusual situation insofar as there is a large influx","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1369.01,1375.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of people coming into Houston hence the demand for housing probably goes","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1375.95,1379.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/264","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"greater than other places in the nation have you been able to keep up with","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1379.95,1384.93"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/265","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the intense demand for both construction loans and mortgages?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1384.93,1388.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/266","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're in a little dilemma Houston is averaging about fifty thousand a year","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1394.41,1401.45"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/267","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"increase in population translated into three and a half people per family that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1401.45,1409.19"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/268","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would be about fourteen","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1409.19,1420.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/269","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to fifteen thousand families a year increase in population here have to be","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1420.28,1425.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/270","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"housed somewhere up until nineteen seventy two money crunch or seventy three","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1425.16,1433.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/271","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"money crunch Houston did not feel too much adverse effects and was able to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1433.92,1441.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/272","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"maintain a good inventory of apartments and single family residences at the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1441.24,1447.84"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/273","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"present time the increase has still maintained in the number of families moving","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1447.84,1453.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/274","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into town but because of the high interest rates occasioned by the tight money","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1453.76,1462.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/275","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"situation in nineteen seventy four housing starts have not kept pace with the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1462.56,1468.7"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/276","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"increase in demand for housing in the local market unless","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1468.7,1478.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/277","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"things change in the very near future there could be a housing shortage in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1479.94,1487.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/278","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"early seventy six through maybe the middle of the year seventy six but the home","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1487.36,1494.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"building industry in Houston has been basically the small builders and they","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1494.16,1500.32"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have been pretty well able to maintain an inventory of housing to take care of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1500.32,1507.38"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/281","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the needs of the demand for housing the other problem occasioned by the high","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1507.38,1512.68"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/282","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"interest rates has been that the cost of a house has gotten so great in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1512.68,1518.9"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/283","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Houston that it has cut out a number of the people who are to qualify","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1518.9,1525.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/284","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for a loan and unless interest rates come down which is not foreseen through","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1525.34,1531.96"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/285","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the rest of the seventies then it could preclude many people owning a home that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1531.96,1538.7"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/286","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"want to and therefore they're going to have to find rental housing or older","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1538.7,1545.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"housing and spend a little money fixing it up and maybe having some sweat","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1545.76,1553.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"equity by doing the fit up work themselves so that they can afford some of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1553.78,1557.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/289","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the housing in the older neighborhoods new housing the expense of it has just","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1557.74,1563.0"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/290","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"gotten so great that it has cut out a large number of the people who","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1563.0,1566.42"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/291","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"normally would buy a home or who want to buy a home but they can't","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1567.06,1570.38"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/292","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"qualify I know someone remarked to me the other day that they felt sorry for","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1570.38,1576.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/293","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"me because they did not think that my generation would be able to own our","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1576.12,1580.32"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/294","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"own homes it was getting that bad it's getting pretty bad now I still think","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1580.32,1586.4"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"though that America has been built on innovation and I'm new materials and new","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1586.4,1593.44"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"ways to do things will be found to get housing costs down to where the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1593.44,1601.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/297","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"younger generation the masses of the younger generation will be able to own a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1602.82,1610.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/298","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"home it may not be the type home you go out and look at today","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1610.36,1613.68"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/299","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Houston but it may be a plastic house or it may be a concrete","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1613.68,1618.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/300","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"house it may be something else different than what we're used to but if there","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1618.98,1624.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is a need the American people have always found a way to fit that need","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1624.06,1630.14"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and somebody will come up with a new method or a new way to build","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1630.14,1636.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"homes that will fill the need concerning some of the on the other hand though","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1636.24,1644.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'll say this I believe the figures in Houston are about 65% of the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1644.58,1649.82"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"population own their own homes in Houston so we're looking at a small","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1649.82,1657.02"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"percentage of the population that do not own their own homes and I think","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1657.02,1664.08"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they'll it's our aim and one of our main purposes for a savings and loan","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1664.08,1670.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"charter is to foster home ownership and the builders and the developers and the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1670.06,1676.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"financial institutions will find a way in the future to house the people and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1676.28,1680.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"let them own their own homes concerning some of the newer developments did the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1680.72,1689.14"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"increase in the price of gasoline really hurt some of the new developments like","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1689.14,1694.6"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the woodlands?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1694.6,1695.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no I don't think so mainly because the price of homes in the woodlands are","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1699.63,1704.23"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"such that if they can afford one of those homes they could pay a dollar","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1704.23,1707.57"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a gallon for gasoline and not be hurt does this well let me put the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1707.57,1713.09"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"question in slightly different form does the fact that gasoline is high and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1713.09,1716.99"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"going higher make you hesitate on construction loans to far out suburban areas?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1716.99,1724.61"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no again uh we have a problem with energy so we're told yet","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1724.81,1735.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"here in Houston even at the height of the energy crisis in 1973 we didn't","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1735.95,1743.17"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have long lines at service stations for gas people who live in the southwestern","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1743.17,1751.29"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"part of the United States who go anywhere have to go long distances anyway and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1751.29,1756.41"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're used to traveling long distances within the state the other thing is that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1756.41,1765.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"again if it does become a problem either mass transit or some form of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1765.43,1772.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"carpooling or other things will still get the people in to their jobs even","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1772.01,1777.75"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"though they live 20-30 miles out of town 40 miles out of town and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1777.75,1784.17"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in Houston with no zoning many of the businesses you don't have to come to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1784.17,1789.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the central core many people that live in the suburb work in the suburb also","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1789.43,1794.51"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the office buildings all over the suburbs and so many of the people will live","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1794.51,1803.41"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the even though they live way out of the central core still live very","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1803.41,1809.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"close to where they work and those that prefer to live in the suburbs and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1809.43,1818.49"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"still have to come to the central business core to work will find methods to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1818.49,1822.91"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"get there because they like the living of the single family detached homes in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1822.91,1829.15"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the suburbs there's one other area I'd like to discuss I know it'll be","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1829.15,1837.25"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sensitive but I would be remiss if I did not ask about it and that's","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1837.25,1840.71"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"redlining or I should say the recent controversy about redlining do you","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1840.71,1845.97"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"consider the location of a home when you're looking at a prospective mortgage?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1845.97,1852.07"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no, we look at two things when we make a mortgage the value of the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1853.93,1859.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"house at the time we make the mortgage and the person's ability to repay the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1859.43,1864.85"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loan we have as far as I know I didn't even know what the word","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1864.85,1871.27"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"redlining meant until I read it in the newspaper this year because some","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1871.27,1874.67"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"congressmen were concerned about redlining Southwestern Savings at least since","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1874.67,1882.25"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"1953 when I came here we have made home loans to nearly every ethnic group","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1882.25,1890.49"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the city of Houston and every section of the county of Houston and we","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1890.49,1896.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"made minority people loans in the 50s when it was not even popular to do","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1896.81,1902.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so but we only look at it from the standpoint of is the house worth","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1902.95,1909.05"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what they're paying for it and can they they have a family income to make","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1909.05,1915.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the monthly payments so there is no formal redlining going on in Houston?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1915.95,1923.67"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I've never heard of it I've never even heard of the word until this year","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1923.67,1927.17"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I think again the question comes up in Houston over 60% of the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1930.23,1935.83"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"people in Houston own their own homes and I think our community has about 35","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1935.83,1942.35"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/351","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"% Negro and about 15% or maybe 20% Latin American their loan accounts","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1942.35,1951.11"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/352","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for 50% of the population not quite 50% of the population are in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1951.11,1956.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"those two minorities and yet 60% of the people own their own home I","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1956.65,1962.61"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have had this matter explained to me in a slightly different way I'd like to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1962.61,1968.19"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/355","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"also try it out on you basically the argument goes something like this there's","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1968.19,1972.67"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/356","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a certain amount of disintermediation that takes place which means you have a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1972.67,1976.79"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"finite amount of money that you can give out as a mortgage and you have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1976.79,1981.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to establish priorities for giving out that money and give it out to the best","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1981.65,1986.75"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/359","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"risk that's just natural that's good business and as a result of that because","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1986.75,1991.39"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/360","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have a finite amount of money some minorities in some bad neighborhood end","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1991.39,1997.03"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/361","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"up on the short end of the stick and they do not get their mortgages","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1997.03,1999.73"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/362","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"well I the only answer I have to that question is that now I'm not","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=1999.73,2005.21"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/363","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"challenging you I'm just I'm just I'm just explaining a situation as I would","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2005.21,2013.41"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/364","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"see it if we were having disintermediation in other words not having any money","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2013.41,2018.55"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/365","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to loan and it really goes back before that we have to work kindly in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2018.55,2025.39"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/366","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the future by that is we have to assure that we have loans we're interviewing","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2025.39,2031.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/367","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"people everyday who want to make home loans some of which are ready for","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2031.65,2036.59"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/368","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"occupancy some of which will be ready in four or six months so that we","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2036.59,2040.71"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/369","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have commitments in the future and if all of a sudden the we have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2040.71,2046.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/370","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"disintermediation we're not getting the funds our funds are actually flowing","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2046.95,2051.35"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"out we're having withdrawals from the savings account we're having a net","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2051.35,2055.449"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"withdrawal of deposits and then management has a problem of we already have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2055.449,2061.929"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/373","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"commitments to make loans and we have to fulfill those commitments so what many","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2061.929,2070.15"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/374","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"institutions do when that happens is they just don't make any new commitments","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2070.15,2074.13"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/375","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"regardless of who comes in until those prior commitments have been the loans","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2074.13,2081.29"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/376","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have been closed and then if we have any money left over then is when","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2081.29,2085.429"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/377","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we start looking for any new business and by that is we just take applications","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2085.429,2089.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/378","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the next people that come in regardless of where they are or who they","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2089.81,2093.11"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/379","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are and we make the loans that for the funds that we have available now","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2093.11,2099.85"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/380","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in times like today money is flowing in we're taking loan applications like mad","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2099.85,2106.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/381","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"regardless of where they are or who they are in other words when money is","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2110.23,2113.99"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/382","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"tight everybody gets hurt everybody gets hurt that's right because if an","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2113.99,2118.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/383","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"institution has well I'll give you an example in 1974 when no, it wasn't 74","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2118.65,2125.61"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/384","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it was a tight year in July 1974 when we had this intermediation we had","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2125.61,2133.03"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/385","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"approximately 35 million dollars in loan commitments that closed in the last 6","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2133.03,2138.33"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/386","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"months of 1974 repayments on mortgage loans amounted to about 2 million a month","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2138.33,2145.97"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so we had repayments on loans of about 12 million so we were cash sharp","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2145.97,2153.23"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about what's the difference 25 million dollars we had told people we would make","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2153.23,2160.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/389","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"them loans that was a that was a that was a hectic day we borrowed","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2160.81,2166.37"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/390","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"money from banks from our home loan bank system but we closed all the loans","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2166.37,2170.11"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/391","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we didn't take any more loan applications from anybody for about 6 months then","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2170.11,2176.97"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/392","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in January this year money started coming back in we were able to pay back","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2176.97,2180.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/393","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our borrowed money and then we started making applications again so everybody","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2180.81,2186.03"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/394","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"got hurt because we just did not make any new home loan applications from July","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2186.03,2191.57"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/395","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the 25th 1974 until almost the end of the year so nobody we didn't have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2191.57,2199.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/396","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"money for anybody regardless of whether they were the wealthiest person in town","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2199.01,2202.75"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or the poorest person in town was that the worst period in memory?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2202.75,2206.17"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's the worst period in memory, yes just as a matter of economic history","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2206.17,2209.25"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what were some other particularly bad periods for your company?","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2209.25,2212.59"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"well, 60 gee every type of money period and it's pretty well documented but","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2212.85,2219.31"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"each seems to get worse as they go along and but fortunately even though they","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2219.31,2225.49"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"get worse they become shorter periods so hopefully if we have another one it","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2225.49,2233.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"may be real bad but it may be even a shorter period of time but","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2233.95,2238.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know you just don't walk in and buy a house today and close the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2239.25,2243.77"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"house today if it was that quick you could manage a little better but when","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2243.77,2250.09"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a couple decides to buy a house then they have to go make an application","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2250.09,2254.05"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/407","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have to verify their employment their everything they've told you check","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2254.05,2258.59"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/408","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"their credit and the whole bit go out and appraise the house so this is","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2258.59,2261.85"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/409","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a process of several weeks and then you decide you can make the loan and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2261.85,2267.99"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"maybe the person selling the house is not ready to get out so you know","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2267.99,2272.25"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/411","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's so much time lag between the day a couple decides to buy a house","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2272.25,2277.53"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/412","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"until they close their loan and move in that in our fast economic world a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2277.53,2282.99"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/413","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"lot of things can happen in between to get these things out of kilter but","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2282.99,2287.29"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/414","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"most savings and loans that I know about are have two primary purposes in mind","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2289.25,2296.93"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/415","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's to promote thrift teach people to save money and to promote home","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2296.93,2302.67"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/416","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"ownership and in the area of home ownership if the house is is worth what","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2302.67,2309.85"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/417","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're paying for it and they're able to their family income is such that they","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2309.85,2315.37"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/418","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can repay it those are the only basically two criteria that most savings and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2315.37,2319.83"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/419","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loans have we do have responsibility to our supervisors to make good loans and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2319.83,2325.19"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/420","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we have responsibility to our stockholders to make a profit and I think the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2325.19,2333.71"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/421","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"savings and loan business in the United States and certainly in Houston has","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2333.71,2337.87"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/422","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"proven that had it not been for the savings and loan we would not have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2337.87,2340.67"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/423","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the high incident of home ownership in this country that we do I think we've","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2340.67,2347.33"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/424","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"done an excellent job of taking care of all classes of people well the economy","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2347.33,2353.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/425","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of Houston certainly is thriving and so far as the housing situation has not","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2353.65,2358.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/426","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"become too bad yet we certainly have done a good job but it's scary the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2358.65,2362.73"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/427","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"number of people that are coming into the city you have to wonder sometimes if","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2362.73,2366.95"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/428","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we can handle it we don't want to get like New York no right that's","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2366.95,2374.49"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/429","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"something I think about sometimes is the optimal size city do you do you","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2374.49,2380.87"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/430","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"seriously worry about Houston becoming too large too much like New York City no","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2380.87,2387.33"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/431","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for one basic reason New York City itself had some natural barriers it has a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2388.37,2394.41"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/432","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"small island and it's clustered around inlets and so it was forced to grow up","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2394.41,2402.85"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/433","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a very small area fortunately in Houston we have no natural barriers except","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2402.85,2409.45"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/434","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"50 miles south of the Gulf of Mexico and there's nothing to the north east","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2409.45,2414.55"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/435","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or west that's a natural barrier so land is here can be utilized horizontally","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2414.55,2423.53"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/436","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rather than vertically you don't have the terrific mass of people in such a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2423.53,2428.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/437","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"small area that's one of the reasons high rise condominiums and high rise","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2428.43,2434.25"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/438","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"apartment projects in Houston have not been very successful they're not that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2434.25,2438.09"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/439","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"many you know today there's maybe seven or eight high rise apartments and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2438.09,2444.99"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/440","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"condominiums in the city of Houston nothing compared to New York you have that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2444.99,2449.83"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/441","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"many on one block and so Houston can grow to the same size New York","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2449.83,2457.15"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/442","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is now but it would be so spread out that there would be smaller communities","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2457.15,2462.65"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/443","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"all around rather than one mass population in a small district that get on each","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2462.65,2468.43"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/444","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"other's nerves and cause a lot of problems you don't have any New York City","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2468.43,2474.51"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/445","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"bonds in your portfolio none no New York City bonds speaking of your portfolio","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2474.51,2481.79"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/446","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"another trend I think I should mention that is a trend toward increased","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2482.45,2487.13"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/447","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"portfolio diversification now is that something that you've endured since","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2487.13,2491.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/448","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you've been with the association in what way well are you seeking out a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2491.81,2502.2"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/449","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"variety of securities or do you pretty much put your eggs in one basket if","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2502.2,2506.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/450","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have something good you can stay with well all of our assets are","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2506.74,2511.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/451","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"diversified we basically have the majority of our assets in single family","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2513.08,2518.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/452","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"residences or residential home mortgage loans outside of that you don't get","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2518.92,2527.5"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/453","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"over committed in any one particular area you don't have we don't have too many","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2527.5,2533.24"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/454","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"apartment projects we don't have too many commercial loans most of those are","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2533.24,2538.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/455","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"small individual proprietors owned businesses the buildings that they house a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2538.12,2544.02"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/456","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"few small office buildings and a few small residential subdivisions it","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2544.02,2554.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/457","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is not good management to have all your eggs in one basket when it comes","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2554.56,2558.0"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/458","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to our liquidity investments securities and things like that mainly we stick","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2558.0,2564.62"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/459","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with government agencies government bonds treasury bonds let","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2564.62,2577.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/460","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"me see fed funds mainly keep it fairly liquid in government obligations","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2579.06,2589.04"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/461","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because when we when we need cash we need it quickly and we can't go","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2590.44,2596.02"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/462","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"out and hope to sell things such as the New York City bonds when there's","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2596.02,2599.8"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/463","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"no market we stay pretty well in the except for the home loans and mortgage","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2599.8,2605.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/464","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loans first mortgage loans on real estate which can't vanish most of the other","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2605.06,2613.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/465","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"investments are in government securities since","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2613.06,2623.01"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/466","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you compete fairly tight money market you have to come up with ways to attract","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2623.01,2631.38"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/467","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"investment dollars and one thing that's kind of associated with savings and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2631.38,2636.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/468","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loans is a giveaway and this is something which has also been controversial in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2636.98,2643.48"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/469","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"1974 they were declared to be illegal but today we see things like clubs that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2643.48,2650.48"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/470","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have come about trying to take the place of the outright gift have these in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2650.48,2656.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/471","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"turn been criticized no I haven't heard any criticism of them in the way of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2656.92,2664.82"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/472","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"marketing is really what we're talking about marketing getting people","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2665.14,2669.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/473","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"interested in saving money with a particular institution it was quite popular","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2669.36,2677.66"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/474","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from about the mid fifties to 74 for savings and loans to offer small","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2677.66,2684.5"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/475","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"inexpensive gifts to a customer who will open up a savings account at various","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2684.5,2689.5"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/476","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sizes now at first it was felt to be necessary because even","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2689.5,2699.34"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/477","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"though savings and loans have federal insurance just like commercial banks have","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2699.34,2703.5"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/478","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"federal insurance exactly the same for the same dollar amounts most people grew","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2703.5,2711.84"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/479","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"up and went to college or went to school textbooks always talked about","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2711.84,2718.58"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/480","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"commercial banks no mention of a savings and loan association so when savings","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2718.58,2723.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/481","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and loans really started growing after World War II we had to use that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2723.78,2730.2"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/482","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"marketing tool of offering something to get people to find out who we are once","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2730.2,2736.04"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/483","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they found out who we were we were a financial institution insured just like","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2736.04,2741.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/484","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"their deposits in a commercial bank were insured then it was no longer","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2741.12,2745.88"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/485","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"necessary but unfortunately many people use it as a competitive tool and it","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2745.88,2750.38"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/486","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"continued until finally in 1974 several of us were successful in Texas in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2750.38,2757.22"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/487","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"convincing the savings and loan commission to pass a regulation outlawing","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2757.22,2763.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/488","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"giving away gifts I don't feel it's necessary to have gifts to entice people in","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2763.12,2769.94"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/489","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to do business with you because we have now reached the maturity most people","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2769.94,2774.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/490","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"know what a savings and loan is that was not true in the late 40s","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2774.28,2778.84"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/491","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and early 50s it had gotten out of hand that's correct it was no longer","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2778.84,2786.56"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/492","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"necessary to educate people but it was being used then who could give and we","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2786.56,2791.62"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/493","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"found they lacked my gift this quarter we get the money the next three months","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2791.62,2800.28"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/494","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they lacked the gift they withdraw from me and take them just to get the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2800.28,2804.4"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/495","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"gift so we weren't really creating savings we were just shifting savings around","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2804.4,2811.04"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/496","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that was the main reason for that restrictive ruling regulation now with","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2811.04,2818.9"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/497","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the advent of having no giveaways some associations use savers clubs of various","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2818.9,2828.1"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/498","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"kinds to not entice new accounts but offer a little something more place to","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2828.1,2836.86"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/499","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"meet picture show every now and then free seminar on savings group travel clubs","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2836.86,2845.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/500","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and things like that mainly to using the clubs to tie the customer to the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2845.36,2852.16"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/501","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"institution so that he would not move somewhere else for an eighth of a point","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2852.16,2858.08"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/502","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"little better interest here or go here or something else it kind of ties them","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2858.08,2864.68"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/503","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the family so to speak with a club where they can meet together and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2864.68,2873.46"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/504","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"feel a part of the institution not just coming in and transacting business and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2873.46,2877.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/505","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"immediately leaving it makes them feel a little more homey part of the home","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2877.78,2882.88"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/506","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that part of the family and less inclined to withdraw their money and take it","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2882.88,2886.94"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/507","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to some other institution they're basically designed to keep the money rather","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2886.94,2893.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/508","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than attract it so the strategy now is to offer services instead of tangible","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2893.98,2902.0"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/509","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"goods that's right Mr. King I have gone through my prepared questions but","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2902.0,2908.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/510","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"always at this point in the interview I'd like to ask if there's anything else","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2908.78,2914.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/511","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you'd like to set down on the something I've missed some other aspects feel","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2914.36,2919.68"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/512","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"free well we have today when I","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2922.6,2932.5"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/513","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"came here in 1953 there were four associations operating in Houston I'm sorry","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2932.5,2941.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/514","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"five today there are approximately 31 or 32 associations","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2941.72,2951.52"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/515","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"actually have offices in the city of Houston the actual number of offices","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2952.46,2959.82"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/516","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"available in the city of Houston now approach something like you can't keep up","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2960.4,2965.3"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/517","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with it it seems like somebody is opening a new office every day but there's","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2965.3,2968.42"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/518","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"probably something like 150 to 200 in that range offices available all over the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2968.42,2975.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/519","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"county of savings and loan associations and offer their services and facilities","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2975.36,2983.12"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/520","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to people in the and as a result of that we have a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2983.12,2992.76"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/521","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"very good rapport I think with the citizens of Houston they understand what","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=2994.28,3000.96"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/522","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"savings and loans do now and more inclined to keep their savings and their","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3000.96,3005.78"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/523","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"various savings programs whereas 22 years ago we just had a past book and a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3005.78,3012.72"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/524","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"fully paid certificate is what we called them in those days now savings and","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3012.72,3017.88"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/525","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"loans can fit a savings program to most anybody's personal needs we've got long","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3017.88,3026.14"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/526","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"term savings intermediate savings short term savings day to day savings so that","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3026.14,3032.26"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/527","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a person who wants a program of savings can maximize their earnings letting","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3032.26,3041.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/528","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"their money work for them we in turn use that money to build a community","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3041.36,3046.68"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/529","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to lend money to people who want to own their home to beautify","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3046.68,3056.44"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/530","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"their city their surroundings and raise their families in a setting that we all","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3056.44,3062.7"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/531","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"think of as a traditional American way of living and in the future sometimes","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3062.7,3070.74"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/532","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the government gets involved in regulating our economy and some people see the","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3070.74,3079.32"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/533","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"doom of the savings and loan business as a specialized business for home","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3079.32,3085.06"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/534","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"ownership there's some of us who believe as long as there's America the dream","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3085.06,3090.98"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/535","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the American is to own his own home and long as those two dreams","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3090.98,3094.92"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/536","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"exist there will always be a place for a financial institution that's dedicated","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3094.92,3101.42"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/537","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to helping the American public own their home and regardless of economic","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3101.42,3106.46"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/538","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"conditions and what the government may say we feel that there will always be a","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3106.46,3114.81"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/539","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"place for a specialized home lending institution such as savings and loan as","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3114.81,3120.29"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/540","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"long as there's America we'll find some way to build houses to let the American","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3120.29,3125.73"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/541","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"own his own home and finance his farm other than that I don't know of","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3125.73,3131.69"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/542","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"anything else I just wish I was around in the year 2000 to see what","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3131.69,3140.36"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/543","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"does happen I hope I'm still here well we all have that desire I'd like","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3140.36,3149.22"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/544","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to thank you for your time it's been a very good interview and on behalf","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3149.22,3153.2"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/545","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of Houston Metropolitan Archives and Research Center I'd also like to thank you","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3153.2,3158.14"},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/546","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"okay thank you very much","format":"text/plain"},"target":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463#t=3159.46,3160.96"}]},{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://houstonlibrary.aviaryplatform.com/collections/2509/collection_resources/112856/file/215463/transcript/71139/annotation/547","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/071/139/original/OH0092TomSKing.vtt?1727314054","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/071/139/original/OH0092TomSKing.vtt?1727314054"}]}]}]}