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
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Page 1
... referred to us ? The CHAIRMAN . Yes , since last year . ( The bills referred to follow :) [ S. 514 , 82d Cong . , 1st sess . ] A BILL To amend the Reconstruction Finance Corporation Act , as amended , to provide for the elimination of ...
... referred to us ? The CHAIRMAN . Yes , since last year . ( The bills referred to follow :) [ S. 514 , 82d Cong . , 1st sess . ] A BILL To amend the Reconstruction Finance Corporation Act , as amended , to provide for the elimination of ...
Page 16
... referred to follows :) The purpose of substituting a single Governor for the present Board of Directors- of the Corporation and the elimination of that Board is to strengthen the manage- ment of Reconstruction Finance Corporation and in ...
... referred to follows :) The purpose of substituting a single Governor for the present Board of Directors- of the Corporation and the elimination of that Board is to strengthen the manage- ment of Reconstruction Finance Corporation and in ...
Page 19
... referred to follows :) STAFF MEMORANDUM APRIL 30 , 1951 . At the hearing held on April 27 , 1951 , by the Senate Committee on Banking and Currency , you directed the staff to make a study of the organic legislation governing the Civil ...
... referred to follows :) STAFF MEMORANDUM APRIL 30 , 1951 . At the hearing held on April 27 , 1951 , by the Senate Committee on Banking and Currency , you directed the staff to make a study of the organic legislation governing the Civil ...
Page 27
... referred to follows :) STAFF MEMORANDUM During the hearing held by the Committee on Banking and Currency on April 27 , 1951 , concerning bills amending the Reconstruction Finance Corpora- tion Act , the staff was directed to obtain an ...
... referred to follows :) STAFF MEMORANDUM During the hearing held by the Committee on Banking and Currency on April 27 , 1951 , concerning bills amending the Reconstruction Finance Corpora- tion Act , the staff was directed to obtain an ...
Page 38
... referred to as " influence peddling . ' At present , section 4 ( d ) of the RFC Act is without criminal sanctions . W from the date of its enactment , January 22 , 1932 , until enactment of the May 24 , 1949 , a violation of section 4 ...
... referred to as " influence peddling . ' At present , section 4 ( d ) of the RFC Act is without criminal sanctions . W from the date of its enactment , January 22 , 1932 , until enactment of the May 24 , 1949 , a violation of section 4 ...
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.