Farm Credit Act of 1937, Hearing Before ..., 75-1 on H.R. 7554 ..., June 18 and 21, 19371937 - 71 pages |
From inside the book
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Page 10
... course , is the title of the act . Section 2 authorizes the extension of Land Bank Commissioner loans . I think probably I had best give you the explanation from the analysis . This section confers upon the Federal Farm Mortgage ...
... course , is the title of the act . Section 2 authorizes the extension of Land Bank Commissioner loans . I think probably I had best give you the explanation from the analysis . This section confers upon the Federal Farm Mortgage ...
Page 15
... course , enjoyed a very nice apprecia- tion . There has been a general recovery in all types of bonds , and those dealing with agricultural securities , benefited largely by the improvement of agricultural conditions that has occurred ...
... course , enjoyed a very nice apprecia- tion . There has been a general recovery in all types of bonds , and those dealing with agricultural securities , benefited largely by the improvement of agricultural conditions that has occurred ...
Page 16
... course , but as a suggestion to meet the criticism that is offered . Mr. MYERS . I think we have made progress in meeting that con- dition in the Farm Credit Administration . One of our big advantages in making Commissioner loans is ...
... course , but as a suggestion to meet the criticism that is offered . Mr. MYERS . I think we have made progress in meeting that con- dition in the Farm Credit Administration . One of our big advantages in making Commissioner loans is ...
Page 17
... course , entirely by the land - bank borrowers . There were three directors elected , three appointed , and in the case of one , the land - bank borrowers voted for candidates and the Farm Loan Board appointed one of the top three ...
... course , entirely by the land - bank borrowers . There were three directors elected , three appointed , and in the case of one , the land - bank borrowers voted for candidates and the Farm Loan Board appointed one of the top three ...
Page 19
... course , the larger amount is done by the Federal land banks , but they only have one director ? Mr. MYERS . Under the present system the land - bank borrowers elect one , and one is appointed director who must be a land - bank borrower ...
... course , the larger amount is done by the Federal land banks , but they only have one director ? Mr. MYERS . Under the present system the land - bank borrowers elect one , and one is appointed director who must be a land - bank borrower ...
Common terms and phrases
agricultural credit corporations amended U. S. C. amends 12 United ANDRESEN applications appointed appraiser approval ask a question authority Bank Commissioner loans bank for cooperatives BIERMANN board of directors BOILEAU CHAIRMAN conditional payments consolidate debentures delinquent edition elected Emergency Farm Mortgage employees EVANS Farm Credit Act Farm Credit Administration farm credit board Farm Loan Act farm loan associations Farm Mortgage Act Farm Mortgage Corporation farmers Federal Farm Loan Federal Farm Mortgage Federal intermediate credit Federal land bank FLANNAGAN franchise tax further amended Goss Governor Myers income indebtedness intermediate credit bank joint-stock land banks Land Bank Commissioner land-bank loans Mortgage Corporation bonds mortgage loans national farm loan operate paid paid-in surplus percent principal payments production credit corporation purpose Reconstruction Finance Corporation refinancing regional agricultural credit revolving fund secretary-treasurer service the loans stock land banks territory thereof the following tion title 12 United States Code
Popular passages
Page 11 - If any provision of this Act or the application thereof to any person or circumstance is held invalid, the remainder of the Act and the application of such provisions to other persons or circumstances shall not be affected thereby.
Page 9 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation...
Page 5 - Act of 1937 is amended to read as follows : "(b) There shall be in each farm credit district a farm credit board which shall be selected as hereinafter specified and shall be composed of seven members. Each farm credit board shall include in its title the name of the city in which the Federal land bank, Federal intermediate credit bank, production credit corporation, and regional bank for cooperatives of the district are located. Three of the...
Page 8 - The provisions of Title I relating to the preparation and issue of farm loan bonds shall, so far as applicable, govern the preparation and issue of debentures or other such obligations issued under this section...
Page 7 - Act (USC, 1934 edition, title 12, sec. 712) is amended by striking out the first sentence and inserting in lieu thereof the following: "The...
Page 8 - To acquire and dispose of — (a) Such property, real or personal, as may be necessary or convenient for the transaction of its business, which, however, may be in part leased to others for revenue purposes.
Page 62 - If any provision of this Act or the application of such provision to any person or circumstance is held invalid, the remainder of the Act shall not be affected thereby.
Page 9 - The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements...
Page 7 - Agriculture. § 712. Directors ; officers ; loan committee. — The board of directors of every national farm loan association shall consist of not less than five nor more than seven members, who shall be elected by the shareholders of the association. Elections of such directors shall be held once each year at an annual meeting of the shareholders. Every national farm loan association shall at the first annual meeting of its shareholders subsequent to August 19, 1937, elect two directors for a term...
Page 10 - II of the National Housing Act. Advances made under the terms of this section shall be at such rates of interest and upon such terms and conditions as shall be determined by the Federal Home Loan Bank Board...