Federal Farm Mortgage Corporation: Hearing Before ..., 73-2 on H.R. 6670, January 10, 19341934 - 27 pages |
From inside the book
Results 1-5 of 15
Page 6
... questions that may be asked insofar as I can . The CHAIRMAN . You may proceed in such a manner as you desire . Governor MYERS . Section 1 : The Governor of the Farm Credit Administration is authorized to organize and charter a ...
... questions that may be asked insofar as I can . The CHAIRMAN . You may proceed in such a manner as you desire . Governor MYERS . Section 1 : The Governor of the Farm Credit Administration is authorized to organize and charter a ...
Page 8
... questions concerning any points that have not been covered . The CHAIRMAN . There are two or three questions that I would like to ask you , Governor Myers . How does the amount of loans actually closed since last May com- pare with the ...
... questions concerning any points that have not been covered . The CHAIRMAN . There are two or three questions that I would like to ask you , Governor Myers . How does the amount of loans actually closed since last May com- pare with the ...
Page 9
... questions ? Mr. BUCK . I would like to ask one question . Section 4 authorizes the issuance of bonds but it makes no provision for the interest rate . Governor MYERS . No. The interest rate is not stipulated in the law because the ...
... questions ? Mr. BUCK . I would like to ask one question . Section 4 authorizes the issuance of bonds but it makes no provision for the interest rate . Governor MYERS . No. The interest rate is not stipulated in the law because the ...
Page 11
... question . The CHAIRMAN . Just a moment . I believe Mr. Hope has not finished . Mr. HOPE . I would like to ask one or two more questions along that line . The CHAIRMAN . All right . Mr. HOPE . I find that the main criticism of the Farm ...
... question . The CHAIRMAN . Just a moment . I believe Mr. Hope has not finished . Mr. HOPE . I would like to ask one or two more questions along that line . The CHAIRMAN . All right . Mr. HOPE . I find that the main criticism of the Farm ...
Page 13
... question I started to ask was with reference , not so much to the manner in which the credit was worked out , but the criticism I have had is in the difficulty of getting the loans at all , in Arkansas . And I think that was brought ...
... question I started to ask was with reference , not so much to the manner in which the credit was worked out , but the criticism I have had is in the difficulty of getting the loans at all , in Arkansas . And I think that was brought ...
Other editions - View all
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.