The bank bill that the Roosevelt administration presented to Congress in February 1935 had three sections, each drafted by individuals representing separate institutional interests. Titles I and III contained few elements of controversy. Officials of the Federal Deposit Insurance Corporation formulated Title I to amend the permanent insurance plan of the Banking Act of 1933. J.F.T. O’Connor, comptroller of the currency, suggested Title III, which would make clearer some sections of the act of 1933.