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 45
What do you mean when you say “ nobody knows what they are doing " ?
Senator MORRISON . There are no statistics about them . Mr . Hill . There are no
statistics about them . Senator WATSON . What do you mean by “ wild - cat
institutions " ...
What do you mean when you say “ nobody knows what they are doing " ?
Senator MORRISON . There are no statistics about them . Mr . Hill . There are no
statistics about them . Senator WATSON . What do you mean by “ wild - cat
institutions " ...
Page 77
What does that mean ? It means the supply has been going down and the
demand has been continuing . Some day they are going to meet , and some day
they are going to need new homes in this country . When that time comes this bill
here ...
What does that mean ? It means the supply has been going down and the
demand has been continuing . Some day they are going to meet , and some day
they are going to need new homes in this country . When that time comes this bill
here ...
Page 146
... prompt consideration of this bill and we would calLvour attention to the fact that
every day's delay means more homes ... of 1931, building and loan association
notes are nonnegotiable, and that has been construed to mean nonassignable.
... prompt consideration of this bill and we would calLvour attention to the fact that
every day's delay means more homes ... of 1931, building and loan association
notes are nonnegotiable, and that has been construed to mean nonassignable.
Page 268
Compared with a year ago ” does not mean anything unless you have the figures
. ... That means that by the loan payments they have been able to pay that rate of
return to the shareholder after paying the cost of operation and after meeting ...
Compared with a year ago ” does not mean anything unless you have the figures
. ... That means that by the loan payments they have been able to pay that rate of
return to the shareholder after paying the cost of operation and after meeting ...
Page 362
Do you see what I mean? Senator Bulkley. No; I do not exactly. Mr. Monks. The
provision in the bill }s: Upon the liquidation of such indebtedness such member
shall be entitled to the return of its collateral, and, upon surrender and
cancellation ...
Do you see what I mean? Senator Bulkley. No; I do not exactly. Mr. Monks. The
provision in the bill }s: Upon the liquidation of such indebtedness such member
shall be entitled to the return of its collateral, and, upon surrender and
cancellation ...
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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 |