RFC Head tells House Committee 10% down payment on purchase of house is adequate. Washington, D.C., Dec. 1. RFC Chairman Jesse Jones pounds his fist to emphasize a point as he assures the House Banking and Currency Committee that the 10% down payment on the purchase of a home contemplated under President Roosevelt's recommended housing amendments is not too low. Rep. Henry B. Steagall, Chairman of the Committee, is shown in the background, 12/1/27