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 115
As a matter of practical operation wouldn ' t you rather have a default in an
amortized mortgage than in a period mortgage ? Mr . LOFGREN . I think we could
, as a matter of fact . Senator COUZENS . Because your principal is being
reduced all ...
As a matter of practical operation wouldn ' t you rather have a default in an
amortized mortgage than in a period mortgage ? Mr . LOFGREN . I think we could
, as a matter of fact . Senator COUZENS . Because your principal is being
reduced all ...
Page 127
Isn ' t it true that the banks in the smaller cities and particularly in the smaller
towns took a good many of these loans as a matter of necessity , and yet they did
not want them , and thereby it diminished their effectiveness as ordinary
commercial ...
Isn ' t it true that the banks in the smaller cities and particularly in the smaller
towns took a good many of these loans as a matter of necessity , and yet they did
not want them , and thereby it diminished their effectiveness as ordinary
commercial ...
Page 146
It is absolutely absurd to talk about this being an emergency matter only. What
has occurred will occur again. Moreover a reserve system for mortgage financing
has always been needed in our financial structure. We understand that there is a
...
It is absolutely absurd to talk about this being an emergency matter only. What
has occurred will occur again. Moreover a reserve system for mortgage financing
has always been needed in our financial structure. We understand that there is a
...
Page 183
... reduce Government expenses you are still advocating more Government
expense by way of the Government advancing this money without receiving any
return thereon . Mr . FRIEDLANDER . I think that is only an incidental matter in the
bill .
... reduce Government expenses you are still advocating more Government
expense by way of the Government advancing this money without receiving any
return thereon . Mr . FRIEDLANDER . I think that is only an incidental matter in the
bill .
Page 479
Will you please at the same time represent this board in the same matter ? In
anticipation of your acceptance of this request , I am sending you inclosed a copy
of the resolution adopted by the executive committee of our board of governors
and ...
Will you please at the same time represent this board in the same matter ? In
anticipation of your acceptance of this request , I am sending you inclosed a copy
of the resolution adopted by the executive committee of our board of governors
and ...
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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 |