Speech explaining the effects of economic "credit crunch" periods on the housing industry, namely higher interest rates and lower availability of mortgage funds. Describes measures that the federal government is taking to address these problems.

Speech arguing that the United States is suffering from a shortage of natural gas, and the way to address this problem is to strip the Federal Power Commission of its power to regulate prices of natural gas producers and to encourage natural gas exploration.

Speech about the conditions of the economy and legislation related to the housing industry.

Speech; Nomination of Clements for Deputy Secretary of Defense.

Speech delivered by Senator John Tower to Savings and Loan Associations updating them on legislative developments that may affect their industry. Tower explains changes occurring in the housing market such as reduced construction of homes and the flight of people to inner city housing. He also mentions measures that could hurt thrift associations such as President Nixon's proposal for a Department of Housing and Urban Development co-insurance program that would require savings and loan associations to insure loans with the Federal Housing Administration. There is also a major concern about Federal Reserve regulations that could essentially transfer funds from thrifts to commercial banks. To alleviate this issue, John Tower introduced and promoted Senate Joint Resolution 160 as a "band-aid" and hopes that Senate Bill 2591 will provide a more thorough diagnosis of the problem.