Creation of a System of Federal Home Loan Banks: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States, Senate, Seventy-second Congress, First Session, on S. 2959, a Bill to Create Federal Home Loan Banks, to Provide for the Supervisiion Thereof and for Other Purposes... |
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... Ogden , Winston K. O'Brien , John__ . Robins , Henry R. Robinson , H. C. Stickle , Fred G. , jr . White , Theophilus .. Wood , W. H 13 154 148 61 71 132 120 H } Į LIBRARY OF CONGRESS | CREATION OF A SYSTEM 41 40 HG2051 45A5 1932a.
... Ogden , Winston K. O'Brien , John__ . Robins , Henry R. Robinson , H. C. Stickle , Fred G. , jr . White , Theophilus .. Wood , W. H 13 154 148 61 71 132 120 H } Į LIBRARY OF CONGRESS | CREATION OF A SYSTEM 41 40 HG2051 45A5 1932a.
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... O'BRIEN , ASSISTANT LEGISLATIVE COUNSEL Senator WATSON . We will ask the assistant legislative counsel to describe the bill . Mr. O'BRIEN . Mr. Chairman and Senators : At the request of Mr. Luce's subcommittee the office of the ...
... O'BRIEN , ASSISTANT LEGISLATIVE COUNSEL Senator WATSON . We will ask the assistant legislative counsel to describe the bill . Mr. O'BRIEN . Mr. Chairman and Senators : At the request of Mr. Luce's subcommittee the office of the ...
Page 14
... O'BRIEN . Section 5 is a section which relates in general to subscriptions for stock in the new banks that are to be created under this act . There are two ways provided in that section by which , say , a building and loan association ...
... O'BRIEN . Section 5 is a section which relates in general to subscriptions for stock in the new banks that are to be created under this act . There are two ways provided in that section by which , say , a building and loan association ...
Page 15
... O'BRIEN . That is not altogether true . The procedure is that they establish the bank , they establish the legal fiction in each one of these 12 districts , and then open books for stock subscriptions . Senator WATSON . They get a home ...
... O'BRIEN . That is not altogether true . The procedure is that they establish the bank , they establish the legal fiction in each one of these 12 districts , and then open books for stock subscriptions . Senator WATSON . They get a home ...
Page 16
... O'BRIEN . This is not a thing I have gone into very much . As a matter of fact , we have not had time to make the measure per- fect from the drafting point of view and think out all the legal prob- lems in connection with it ; but I ...
... O'BRIEN . This is not a thing I have gone into very much . As a matter of fact , we have not had time to make the measure per- fect from the drafting point of view and think out all the legal prob- lems in connection with it ; but I ...
Common terms and phrases
50 per cent advances amortized mortgage amount assets banker bill BODFISH bonds borrow building and loan building associations capital cash CLARK CLEMENT CODY collateral committee condition debentures default deposits DEVINE directors discount bank dollars Federal home loan Federal land banks Federal reserve system foreclosed FRIEDLANDER funds going Government HILL home loan bank home mortgage loan home owner institutions insurance companies investment investors January 19 January 25 KARR KISSELL liquid loan associations LOFGREN mortgage companies O'BRIEN OAKMAN Ohio organization paid payments present provision rate of interest real estate real-estate Reconstruction Finance Corporation rediscount ROBINS ROBINSON savings banks Senator BULKLEY Senator COUZENS Senator MORRISON Senator TOWNSEND Senator WATSON situation small homes STICKLE stock subscriptions subscribe subsection supervision tion trust companies United unpaid principal WHITE Willard Hotel withdrawals WOOD
Popular passages
Page 8 - Examination, consisting of seven members, one to serve for one year, one for two years, one for three years, one for four years, one for five years, one for six years and one for seven years, and the successors of each for the term of seven years, who shall be physicians in good standing in their profession, representation to be given...
Page 9 - 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, or for the purpose of influencing in any way...
Page 7 - First mortgages executed to 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.
Page 9 - Issued or purporting to have been issued by the corporation, or (4) passes, utters or publishes, or attempts to pass, utter or publish, as true any falsely altered or spurious...
Page 9 - 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 8 - Any member appointed to fill a vacancy in the board occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term.
Page 9 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Page 9 - ... or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner...
Page 8 - That every Federal land bank, and every joint stock land bank, shall semi-annually carry to reserve account twenty-five per centum of its net earnings until said reserve account shall show a credit balance equal to twenty per centum of the outstanding capital stock of said land bank.
Page 40 - Such drafts or bills may be acquired by Federal Reserve Banks in such amounts and subject to such regulations, restrictions, and limitations as may be prescribed by the Federal Reserve Board...