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 46
It is perfectly sound in its general principles . It will prove an immensely profitable
institution , in my judgment . The bonds will be the best bonds on the market , in
my opinion . I have had many years experience in buying bonds — mostly ...
It is perfectly sound in its general principles . It will prove an immensely profitable
institution , in my judgment . The bonds will be the best bonds on the market , in
my opinion . I have had many years experience in buying bonds — mostly ...
Page 47
If your building and loan associations are sound institutions , why do they require
help ? Mr . Hill . Sometimes they do not ; but in times of stress and strain they
need help very urgently , and in a seasonal way they always need a certain
amount ...
If your building and loan associations are sound institutions , why do they require
help ? Mr . Hill . Sometimes they do not ; but in times of stress and strain they
need help very urgently , and in a seasonal way they always need a certain
amount ...
Page 295
The principle underlying this service is that only sound building and sound
values make for a solid growth of the community and this agency will contribute
toward this end . Accordingly the committee recommends : “ The establishment of
...
The principle underlying this service is that only sound building and sound
values make for a solid growth of the community and this agency will contribute
toward this end . Accordingly the committee recommends : “ The establishment of
...
Page 437
This is a sound and accepted plan, but some meticulous individual will assert that
the term " installment mortgages " should be substituted for " amortized
mortgages." I do not feel that this bill can be considered unrelated to the
Reconstruction ...
This is a sound and accepted plan, but some meticulous individual will assert that
the term " installment mortgages " should be substituted for " amortized
mortgages." I do not feel that this bill can be considered unrelated to the
Reconstruction ...
Page 586
On the contrary, mortgage credit not based on sound business judgment is as
dangerous to the borrower, as it is to the lender. Overlending on mortgages
means inability to refinance at maturity. 3. It is claimed that it would release vast ...
On the contrary, mortgage credit not based on sound business judgment is as
dangerous to the borrower, as it is to the lender. Overlending on mortgages
means inability to refinance at maturity. 3. It is claimed that it would release vast ...
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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 |