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 146
We understand that there is a disposition on the part of some in Washington to
delay the prompt consideration of this bill and we would calLvour attention to the
fact that every day's delay means more homes foreclosed. {With the exception of
...
We understand that there is a disposition on the part of some in Washington to
delay the prompt consideration of this bill and we would calLvour attention to the
fact that every day's delay means more homes foreclosed. {With the exception of
...
Page 239
We had a condition in those years , due to war conditions , that was somewhat
similar to the conditions to - day , but the conditions to - day are more
exaggerated and of greater moment , even , than were the days and times during
the war ...
We had a condition in those years , due to war conditions , that was somewhat
similar to the conditions to - day , but the conditions to - day are more
exaggerated and of greater moment , even , than were the days and times during
the war ...
Page 252
I want to call your attention to the fact , Senator , that the people who are in the
greatest distress to - day , financially and otherwise , are located in our cities
rather than in our rural sections and smaller towns . I think you will agree that the
...
I want to call your attention to the fact , Senator , that the people who are in the
greatest distress to - day , financially and otherwise , are located in our cities
rather than in our rural sections and smaller towns . I think you will agree that the
...
Page 262
of Philadelphia , I call your attention to the fact that right across the river , where
we confine ourselves a high percentage mortgage , but a first lien , we have not
had a failure of a building and loan association in these days of stress . I think our
...
of Philadelphia , I call your attention to the fact that right across the river , where
we confine ourselves a high percentage mortgage , but a first lien , we have not
had a failure of a building and loan association in these days of stress . I think our
...
Page 284
What the country needs to - day are more green lawns and white houses and no
present owner should lose his home because building and loan associations or
other home - loan agencies do not have the funds necessary to refinance short ...
What the country needs to - day are more green lawns and white houses and no
present owner should lose his home because building and loan associations or
other home - loan agencies do not have the funds necessary to refinance short ...
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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.