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 103
These organizations that come here have got to have their profits , and in
addition this organization must be supported , so they have got to charge this
man in order to support this organization . That is the way I see it . Senator
COUZENS .
These organizations that come here have got to have their profits , and in
addition this organization must be supported , so they have got to charge this
man in order to support this organization . That is the way I see it . Senator
COUZENS .
Page 443
By State grouping the building and loan associations could set up an
organization similar to that formed by the New York Building and Loan
Association and known as the State Land Bank , which is cooperative and
effective in any emergency ...
By State grouping the building and loan associations could set up an
organization similar to that formed by the New York Building and Loan
Association and known as the State Land Bank , which is cooperative and
effective in any emergency ...
Page 586
... sympathetic interest in local communities, as best evidenced by the fact that the
Federal land banks, organized on a basis similar to the one proposed, have
foreclosed and taken from the owners millions of dollars' worth of farm
homesteads.
... sympathetic interest in local communities, as best evidenced by the fact that the
Federal land banks, organized on a basis similar to the one proposed, have
foreclosed and taken from the owners millions of dollars' worth of farm
homesteads.
Page 683
( a ) A general assembly of 110 members representing the most important
agricultural organizations and cooperatives . ... It is prohibited from lending
directly to individual borrowers , this being a truly central credit organization : ( a )
Distribution ...
( a ) A general assembly of 110 members representing the most important
agricultural organizations and cooperatives . ... It is prohibited from lending
directly to individual borrowers , this being a truly central credit organization : ( a )
Distribution ...
Page 684
The organization and operation are similar to those of the landschaften . “ 2 .
Centralstadtschaft : “ ( a ) Organized by the stadtschaften to facilitate the raising of
funds for real estate purposes : ( 1 ) Has adopted a uniform type of bond . ( 2 )
Has ...
The organization and operation are similar to those of the landschaften . “ 2 .
Centralstadtschaft : “ ( a ) Organized by the stadtschaften to facilitate the raising of
funds for real estate purposes : ( 1 ) Has adopted a uniform type of bond . ( 2 )
Has ...
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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 |