Bankers' Association opposes federal insured loans as hazard to established businesses. Washington, D.C., June 15. Robert M. Hanes, 1st Vice President of the American Bankers' Association, and brother of Treasury Undersecretary John W. Hanes, today told the Senate Banking and Currency Committee that the Association opposed the proposed bill to authorize the RFC to insure up to 90 percent on loans to small businesses. He said that it would be a hazard to already established enterprises. He denied that bankers are 'sitting idly by waiting for the borrowers to seek credit'