RFC Act Amendments of 1951: Hearings Before the Committee on Banking and Currency, United States Senate, Eighty-second Congress, First Session, on S. 514 [and Others] Bills to Amend the Reconstruction Fiance Corporation Act,as Amended, and for Other Purposes |
From inside the book
Results 1-5 of 91
Page 18
... matter in the past , the RFC has granted those loans and the CAB from then on feels it is bound to give whatever subsidy is necessary to pay the loan . You get a vicious circle in which , regardless of the efficiency of the operation ...
... matter in the past , the RFC has granted those loans and the CAB from then on feels it is bound to give whatever subsidy is necessary to pay the loan . You get a vicious circle in which , regardless of the efficiency of the operation ...
Page 24
... matter of judgment , com sense judgment in the final analysis . It is for these reasons that the bill proposes to require a sp determination by the Corporation that each loan made will se substantial public interest . Separately , the ...
... matter of judgment , com sense judgment in the final analysis . It is for these reasons that the bill proposes to require a sp determination by the Corporation that each loan made will se substantial public interest . Separately , the ...
Page 28
... matter of degree . Senator ROBERTSON . Well , you have a clear and radiant min I think you can follow me on this , that you have already develo many safeguards and so many pitfalls that may still be left that the easiest thing to do ...
... matter of degree . Senator ROBERTSON . Well , you have a clear and radiant min I think you can follow me on this , that you have already develo many safeguards and so many pitfalls that may still be left that the easiest thing to do ...
Page 31
... matter of credit . For example , the Federal Reserve Board , and maybe the attorneys for FHA and others . I think it requires some serious study as to the mechanics of how that works . Senator CAPEHART . Well , you agree with me that if ...
... matter of credit . For example , the Federal Reserve Board , and maybe the attorneys for FHA and others . I think it requires some serious study as to the mechanics of how that works . Senator CAPEHART . Well , you agree with me that if ...
Page 33
... matter entirely different from this . Senator CAPEHART . You understand this would not apply to any loans that RFC may be directed to make as a result of the 1950 Defense Production Act . That is an entirely different matter . Senator ...
... matter entirely different from this . Senator CAPEHART . You understand this would not apply to any loans that RFC may be directed to make as a result of the 1950 Defense Production Act . That is an entirely different matter . Senator ...
Common terms and phrases
abacá Administrator agency amended amount applications approved assets authorized bankers BAZEMORE BERGE bill Board borrower business enterprises business loans capital bank CHAIRMAN collateral commercial banks committee companies concerns CONGRESS THE LIBRARY COOGAN declined Defense Production Act directors earnings ECCLES economic employees equity ERVIN Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve System funds going Government Governors guarantee industry institutions investment June 30 Kaiser-Frazer lending liquidation Manufacturing ment million mortgage operations organized participation PATMAN percent period president profit public interest purchase purpose question reason recommendation Reconstruction Finance Corporation record RFC Act RFC loans Senator BENNETT Senator BENTON Senator CAPEHART Senator DIRKSEN Senator DOUGLAS Senator FREAR Senator FULBRIGHT Senator KEM Senator O'MAHONEY Senator SCHOEPPEL small business statement TAIT Tenn term loans tion Treasury United States Senate Washington
Popular passages
Page 3 - 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...
Page 320 - Whenever in the judgment of the Commission any person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act, or any regulation or order issued thereunder, it may make application to the appropriate court for an order enjoining such acts or practices, or for an~ order enforcing compliance with such provision...
Page 4 - If any provision of this Act, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 2 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 3 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 8 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Page 317 - They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 145 - ... any contractor, subcontractor, or other person in connection with the performance of any contract or other operation deemed by the guaranteeing agency to be necessary to expedite production and deliveries or services under Government contracts for the procurement of materials or the performance of services for the national defense...
Page 2 - The corporation, including its franchise, its capital, reserves, and surplus, .and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing 72d CONGRESS.