Farm Credit Act of 1937, Hearing Before ..., 75-1 on H.R. 7554 ..., June 18 and 21, 19371937 - 71 pages |
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Page 8
... : ( a ) To conduct , transact , and operate its business in any state in the contin- ental United States , in the District of Columbia , and in Puerto Rico . ( b ) To borrow money ( other than by 8 FARM CREDIT ACT OF 1937.
... : ( a ) To conduct , transact , and operate its business in any state in the contin- ental United States , in the District of Columbia , and in Puerto Rico . ( b ) To borrow money ( other than by 8 FARM CREDIT ACT OF 1937.
Page 18
... has been jointly employed would have been necessary for the land bank if we had operated separately . Due to the fact that there are three other units and the costs are divided up among the other three 18 FARM CREDIT ACT OF 1937.
... has been jointly employed would have been necessary for the land bank if we had operated separately . Due to the fact that there are three other units and the costs are divided up among the other three 18 FARM CREDIT ACT OF 1937.
Page 24
... operate as they are now . Mr. HOPE . If they do not elect a secretary they do not get paid for servicing the loans . Mr. MYERS . They would not service the loans . They go on as they are now . They are in no way harmed by that . It does ...
... operate as they are now . Mr. HOPE . If they do not elect a secretary they do not get paid for servicing the loans . Mr. MYERS . They would not service the loans . They go on as they are now . They are in no way harmed by that . It does ...
Page 25
... operated more or less as " mail order " institutions ; loans originated through the farm loan associations but all ... operate as true independent local units and that the only thing the land bank is interested in is seeing that the ...
... operated more or less as " mail order " institutions ; loans originated through the farm loan associations but all ... operate as true independent local units and that the only thing the land bank is interested in is seeing that the ...
Page 26
... operate even a perfect system involving 4 or 5 thousand loan associations . Yet I think we are making progress and will continue to work toward that end to serve the local farm credit units . Mr. FLANNAGAN . You will not make much ...
... operate even a perfect system involving 4 or 5 thousand loan associations . Yet I think we are making progress and will continue to work toward that end to serve the local farm credit units . Mr. FLANNAGAN . You will not make much ...
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...