Hearing Before the Committee on Agriculture, House of Representatives, Seventy-fourth Congress, First[-second] Session...U.S. Government Printing Office, 1935 - Agriculture and state |
From inside the book
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Page 7
... commitments nor by increasing the fund , but by giving more freedom in the use of the fund . By this means we will be able to continue the present rate of refinancing for at least a year ; and at that time we will know better how much ...
... commitments nor by increasing the fund , but by giving more freedom in the use of the fund . By this means we will be able to continue the present rate of refinancing for at least a year ; and at that time we will know better how much ...
Page 17
... commitment . Now , in some of these cases where commitments were made the loans were not made because the creditors were unwilling to take the amounts that could have been loaned , or preferred to carry the loans themselves . But we do ...
... commitment . Now , in some of these cases where commitments were made the loans were not made because the creditors were unwilling to take the amounts that could have been loaned , or preferred to carry the loans themselves . But we do ...
Page 18
... commitment at all , regardless of the fact that their farms have a value . What justification is there in the act for the loaning agency to refuse to make any commitment ? It seems to me that the bank , the loaning agency , is going ...
... commitment at all , regardless of the fact that their farms have a value . What justification is there in the act for the loaning agency to refuse to make any commitment ? It seems to me that the bank , the loaning agency , is going ...
Page 19
... commitment in some amount . And I would like to ask what justification there is in the act for refusing to make a commitment upon any application ? There may be , but it is not clear to me , and I would like to have your explanation ...
... commitment in some amount . And I would like to ask what justification there is in the act for refusing to make a commitment upon any application ? There may be , but it is not clear to me , and I would like to have your explanation ...
Page 20
... commitment at all , simply because they do not like his looks or do not like his reputation , or whatever the excuse might be , when the value is in the land ? Mr. MYERS . So far as the Federal land banks are concerned- and of this ...
... commitment at all , simply because they do not like his looks or do not like his reputation , or whatever the excuse might be , when the value is in the land ? Mr. MYERS . So far as the Federal land banks are concerned- and of this ...
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Common terms and phrases
$100 valuation agencies Agricultural Adjustment Administration Agricultural Marketing Act amends section American Cotton Cooperative amount ANDRESEN application Average bale per month Bank Commissioner loans banks for cooperatives BOILEAU borrow BUTLER Capper-Volstead Act CHAIRMAN committee Congress COOLEY Cotton Cooperative Association cotton merchant cotton shippers debentures debt DOXEY Emergency Farm Mortgage Farm Board Farm Credit Act Farm Credit Administration Farm Loan Act Farm Mortgage Act Farm Mortgage Corporation Federal Farm Board Federal Farm Loan Federal Farm Mortgage Federal intermediate credit Federal land bank financing FLANNAGAN funds GILCHRIST Government handling HOHENBERG HOPE HOVEY insurance rate intermediate credit banks joint-stock land banks KLEBERG Land Bank Commissioner LORDAN losses membership November 30 operations payment percent profits purchase question rate of interest refinancing section 31 statement storage and insurance storage rate subsection tion title 12 valuation per month
Popular passages
Page 4 - First. That no member of the association is allowed more than one vote because of the amount of stock or membership capital he may own therein; and Second. That the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum. And in any case to the following: Third. That the association shall not deal in farm products, farm supplies, and farm business services with or for nonmembers in an amount greater in value than the total amount of such business transacted...
Page 2 - States and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security, for all fiduciary, trust, and public funds the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 3 - That such associations are operated for the mutual benefit of the members thereof, as such producers, and conform to one or both of the following requirements: "First. That no member of the association 'is allowed more than one vote because of the amount of stock or membership capital he may own therein, or, "Second.
Page 4 - The first sentence of subsection (a) of section 30 of the Emergency Farm Mortgage Act of 1933 is amended by striking out the words
Page 4 - Act is amended by striking out the period at the end and inserting in lieu thereof a comma and the following: "and $100,000,000 for the fiscal year ending June 30, 1951.
Page 3 - Commissioner, from time to time establish rates of discount and interest which, except with the anproval of the Governor of the Farm Credit Administration, shall not exceed by more than 1 per centum per annum the rate borne by the last preceding issue of debentures which it issued or in which it participated. Any Federal intermediate credit bank...
Page 2 - May 26, 1924, as amended (USC, title 8, sec. 203), is hereby amended by striking out the period at the end thereof and inserting in lieu thereof a comma and the following : "and...
Page 4 - ... at the fair book value thereof (not exceeding par) , in total or partial liquidation of the debt...
Page 4 - Cooperative associations borrowing from the Central Bank shall be required to own. at the time the loan is made, an amount of stock of the bank equal in fair book value (not to exceed par), as determined by the bank, to $100 per $2,000 or fraction thereof of the amount of the loan.
Page 2 - ... (d) Whenever it shall appear desirable to issue consolidated debentures of the twelve Federal intermediate credit banks and to sell them through a common selling agency, and the Federal intermediate credit banks shall, by resolutions, consent to the same, the banks may issue and sell said debentures subject to the provisions of this section and the provisions of section 21 of Title I of this Act, insofar as applicable. As used in this Act, the term ' debentures ' includes such consolidated debentures.