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 31
Senator COUZENS . That is not my understanding . My understanding of the
purport of the law was that no loan was to be made or home supported which
exceeded in valuation $ 30 , 000 , and therefore the $ 15 , 000 limit was placed
there .
Senator COUZENS . That is not my understanding . My understanding of the
purport of the law was that no loan was to be made or home supported which
exceeded in valuation $ 30 , 000 , and therefore the $ 15 , 000 limit was placed
there .
Page 137
Do you think if we were to limit the operation of this set - up to five years you
could sell bonds ? Mr . WHITE . Yes , sir . Senator WATSON . How about it for
three years ? Wouldn ' t the Government then have to put up all the money in
order to ...
Do you think if we were to limit the operation of this set - up to five years you
could sell bonds ? Mr . WHITE . Yes , sir . Senator WATSON . How about it for
three years ? Wouldn ' t the Government then have to put up all the money in
order to ...
Page 200
First, this bill provides for a capital set-up that limits the private subscription of
capital to a very limited class and number, ... These provisions limit the private-
stock ownership to a few insurance companies and a few large banks that may at
this ...
First, this bill provides for a capital set-up that limits the private subscription of
capital to a very limited class and number, ... These provisions limit the private-
stock ownership to a few insurance companies and a few large banks that may at
this ...
Page 336
... the legal limit allowed in the State of Michigan on first mortgages because of
the experiences they have had during the ... these bankers stated that if the
Federal Farm Loan bill was in effect they would feel willing to loan up to the legal
limit .
... the legal limit allowed in the State of Michigan on first mortgages because of
the experiences they have had during the ... these bankers stated that if the
Federal Farm Loan bill was in effect they would feel willing to loan up to the legal
limit .
Page 444
I think the limit should be at least not over $ 10 , 000 . The other is , of course , the
question of setting this up as a permanent organization . Senator Watson . Could
this bill be amended , Mr . Kingsley , to suit your demands , and yet have a bill ...
I think the limit should be at least not over $ 10 , 000 . The other is , of course , the
question of setting this up as a permanent organization . Senator Watson . Could
this bill be amended , Mr . Kingsley , to suit your demands , and yet have a bill ...
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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 |