Federal Farm Mortgage Corporation: Hearing Before ..., 73-2 on H.R. 6670, January 10, 19341934 - 27 pages |
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Page 5
... possible under the Emergency Farm Mortgage Act . Up to last night we had paid out approximately $ 250,000,000 . The daily loan volume now is approximately $ 5,000,000 . The $ 250,000,000 paid out includes both the Land Bank Commis ...
... possible under the Emergency Farm Mortgage Act . Up to last night we had paid out approximately $ 250,000,000 . The daily loan volume now is approximately $ 5,000,000 . The $ 250,000,000 paid out includes both the Land Bank Commis ...
Page 6
... possible that procedure . Mr. Chairman , would it be appropriate to make a brief statement analyzing the proposed bill ? The CHAIRMAN . I think it would be well for you to make such a comment , Governor Myers . Governor MYERS . If it ...
... possible that procedure . Mr. Chairman , would it be appropriate to make a brief statement analyzing the proposed bill ? The CHAIRMAN . I think it would be well for you to make such a comment , Governor Myers . Governor MYERS . If it ...
Page 11
... possible estimate we could make . We thought they should be made high enough to permit the making of as many Commissioner's loans as are needed . These loans are important in cases of somewhat greater distress . They permit the ...
... possible estimate we could make . We thought they should be made high enough to permit the making of as many Commissioner's loans as are needed . These loans are important in cases of somewhat greater distress . They permit the ...
Page 17
... possible for a good farmer to pay his interest . Where it has been found that the farmer could not pay all his interest , the banks have worked out some form of extension which would allow him to work himself out . Although the ...
... possible for a good farmer to pay his interest . Where it has been found that the farmer could not pay all his interest , the banks have worked out some form of extension which would allow him to work himself out . Although the ...
Page 20
... possible for them to get money , would it not be possible for some program to be worked out whereby the joint - stock land banks could share in this burden of scaling down the debts ? It seems to me that since this bill apparently will ...
... possible for them to get money , would it not be possible for some program to be worked out whereby the joint - stock land banks could share in this burden of scaling down the debts ? It seems to me that since this bill apparently will ...
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Common terms and phrases
1933 1 Springfield amended U.S.C. application approved authorized Bank Commissioner loans Bank Commissioner's loans bill board of directors BOILEAU bonds for mortgages bonds issued borrowers capital cash CHAIRMAN creditor District Emergency Farm Mortgage end thereof equal face value Farm Credit Act Farm Credit Administration Farm Loan Act farm loan bonds Farm Mortgage Act Farm Mortgage Corporation farmer Federal Farm Loan Federal Farm Mortgage Federal land bank FULMER GILCHRIST GLOVER Goss Government Governor MYERS guaranteed hereby HOPE HOVEY income indebtedness interest rate intermediate credit banks joint-stock land banks KLEBERG land bank bonds Land Bank Commissioner Land Bank Commissioner's land-bank loans loans closed Loans outstanding Dec MARVIN JONES Mortgage Corporation bonds mortgage loans necessary Number Amount paid paid-in surplus poration principal provisions purpose question Reconstruction Finance Corporation refinancing revolving fund scaling Secretary section 32 taxation tion title 12 TOBEY Treasury unconditionally guaranteed United Wichita bank
Popular passages
Page 3 - 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 - Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 3 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 3 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 2 - The Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 2 - ... laws applicable to the employment and compensation of officers and employees of the United States...
Page 3 - Such obligations shall be in such forms and denominations, shall have such maturities, shall bear such rates of interest, shall be subject to such terms and conditions, and shall be issued in such manner and sold at such prices as may be prescribed by the Commodity Credit Corporation, with the approval of the Secretary of the Treasury.
Page 5 - States, said subscription to be subject to call in whole or in part by the board of directors of said land bank upon thirty days...
Page 4 - 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, 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 4 - Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local taxation.