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or “ * ra bie Vv Interviewed on by ™ FD302 (Rev. 11-27-70) FEDERAL BUREAU OF INVESTIGATION 10/25/76 Dote of fronscription wctex J. H1ccrns, Se view york, was interviewed at his residence. Mr. HIGGINS stated that he formerly was Chairman of the Board of the Hudson Valley National Bank, at Grassy Sprain Road, Yonkers, New York, and later became President of the bank until the time that he resigned from this position and disposed of his stock in the bank. Mr. HIGGINS advised that he recalled the time when b a member of the Board of Directors and the for the Hudson Valley National Bank, had proposed e foan of CHARLES REBOZO at a board of directors meeting in the amount of two hundred twenty-five thousand dollars ($225,000.00). He recalled the financial statement of REBOZO indicated that he was worth in excess of one million dollars and that he was friendly with and both were considered to be friends of President RICHAKD M. NIXON. Mr. HIGGINS stated that he was aware that nd the other members of Precision Valve Company had purchased large quantities of stock in the Hudson Valley National Bank, and so the risk was considered a profitable loan on the part of this bank. Mr. HIGGINS advised that as not.an officer or a member_of_tpe board, but he had been told by that he Geet: power of attorney to represe any of the bank's business. Additionally, , a in the Precision Valve Company also held a considerable amount of stock in the Hudson Valley National Bank. n Mr. HIGGINS stated that it was his best recollection that at the time the loan was applied for by REBOZO, the capital- ization of the bank was two million five hundred thousand dollars and inasmuch as the bank was limited to lending sums up to ten percent of that amount, namely two hundred fifty thousand dotlars, this Toan to REBUZO was close to the bank's lending limit for any one loan, NR 29-1395] 10/13/76 GREP New York , _ NR 179-469 ee File 5 Date dictated Thia document contains weither recommendations nor conclusions of the FBI. It is the property of the FB! and is loaned te your agency; it and ite contents ace nat to be distributed gutside yer: o¢ency. lo GPO: 1975 © ~ 586-118 tfb L7¢ - 40/19/76 v2 “a