Creation of a System of Federal Home Loan Banks: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States, Senate, Seventy-second Congress, First Session, on S. 2959, a Bill to Create Federal Home Loan Banks, to Provide for the Supervision Thereof and for Other Purposes |
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Page 140
That it will relieve the home owner who now fears foreclosure , owing to the
alleged inability of financial institutions to refinance existing mortgages . 2 . That it
will help the manufacturers of building supplies and members of the building
trades .
That it will relieve the home owner who now fears foreclosure , owing to the
alleged inability of financial institutions to refinance existing mortgages . 2 . That it
will help the manufacturers of building supplies and members of the building
trades .
Page 299
... are frozen , the question promptly arises whether a review of existing State
supervisory laws , in light of the experience during the depression , might lead to
improved methods which will tend to prevent a repetition of existing conditions .
... are frozen , the question promptly arises whether a review of existing State
supervisory laws , in light of the experience during the depression , might lead to
improved methods which will tend to prevent a repetition of existing conditions .
Page 437
With that condition existing, I can not bring myself to believe that anything is to be
gained by building more homes even at forclosure figures. Foreclosed homes are
not always old or obsolescent, and it looks very much as though we must get ...
With that condition existing, I can not bring myself to believe that anything is to be
gained by building more homes even at forclosure figures. Foreclosed homes are
not always old or obsolescent, and it looks very much as though we must get ...
Page 438
Existing homes are being offered at prices that require very small down payments
and low interest rates with which new house financing could not compete . The
result would be increased real estate to be added to the present overstocked ...
Existing homes are being offered at prices that require very small down payments
and low interest rates with which new house financing could not compete . The
result would be increased real estate to be added to the present overstocked ...
Page 513
The bonds issued by our mortgage investment banking house have been sound
collateral at all times in any bank in the city of Memphis . They have stood up very
well under this present depression . But under the present existing condition ...
The bonds issued by our mortgage investment banking house have been sound
collateral at all times in any bank in the city of Memphis . They have stood up very
well under this present depression . But under the present existing condition ...
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Common terms and phrases
able advance amount appraised bankers believe bill bonds borrow building and loan capital cent committee companies Corporation cost course demand deposits desire discount district emergency existing fact Federal home loan Federal reserve financing foreclosures funds give going Government home loan bank home owner houses institutions interest investment issued land less limited liquid live loan associations matter mean meet Michigan Monks months mortgage mortgage loans O'BRIEN Ohio operation organization paid payments period present President principal proposed question Real Estate Boards reason rediscount savings Senator COUZENS Senator MORRISON Senator TOWNSEND Senator WATSON situation statement suggested term thing tion to-day trust United York
Popular passages
Page 6 - Examination, consisting of seven members, one to serve for one year, one for two years, one for three years, one for four years, one for five years, one for six years and one for seven years, and the successors of each for the term of seven years, who shall be physicians in good standing in their profession, representation to be given...
Page 7 - Whoever makes any statement knowing it to be false or whoever willfully overvalues any security for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release or substitution of security therefor, or for the purpose of influencing in any way...
Page 7 - Issued or purporting to have been issued by the corporation, or (4) passes, utters or publishes, or attempts to pass, utter or publish, as true any falsely altered or spurious...
Page 7 - The Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 6 - Any member appointed to fill a vacancy in the board occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term.
Page 7 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Page 5 - Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local taxation.
Page 7 - ... or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner...
Page 38 - Such drafts or bills may be acquired by Federal reserve banks in such amounts and subject to such regulations, restrictions, and limitations as may be prescribed by the Federal Reserve Board...
Page 8 - The Secretary of the Treasury is hereby authorized to direct and use the Secret Service Division of the Treasury Department to detect, arrest, and deliver into custody of the United States marshal having jurisdiction any person committing any of the offenses punishable under this section.
Bibliographic information
| Title | Creation of a System of Federal Home Loan Banks: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States, Senate, Seventy-second Congress, First Session, on S. 2959, a Bill to Create Federal Home Loan Banks, to Provide for the Supervision Thereof and for Other Purposes Creation of a System of Federal Home Loan Banks: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States, Senate, Seventy-second Congress, First Session, on S. 2959, a Bill to Create Federal Home Loan Banks, to Provide for the Supervision Thereof and for Other Purposes, United States. Congress. Senate. Committee on Banking and Currency |
| Author | United States. Congress. Senate. Committee on Banking and Currency |
| Publisher | U.S. Government Printing Office, 1932 |
| Length | 703 pages |
| Export Citation | BiBTeX EndNote RefMan |