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... |
From inside the book
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Page 2
... obligations of the institution to the bank will be adequately secured . Upon such deposit such institution shall become a member for the purposes of this act . Upon the enactment of State legislation authorizing the subscription to ...
... obligations of the institution to the bank will be adequately secured . Upon such deposit such institution shall become a member for the purposes of this act . Upon the enactment of State legislation authorizing the subscription to ...
Page 4
... obligations , and with due regard to the orderly provision of credit to aid in the conduct of home financing in the various communities within its district , and within the district as a whole . ( j ) The board shall cause to be made ...
... obligations , and with due regard to the orderly provision of credit to aid in the conduct of home financing in the various communities within its district , and within the district as a whole . ( j ) The board shall cause to be made ...
Page 5
... obligation of the member secured as hereinafter provided , bearing such rate of interest as the board may approve or determine , and the Federal home loan bank shall have a lien upon and shall hold the stock of such member as further ...
... obligation of the member secured as hereinafter provided , bearing such rate of interest as the board may approve or determine , and the Federal home loan bank shall have a lien upon and shall hold the stock of such member as further ...
Page 6
... obligations which the Federal home loan bank may issue as will cover expenses of operation and reserves and , under such regulations as may be provided by the board , some part of such reserve may be devoted to retirement of the stock ...
... obligations which the Federal home loan bank may issue as will cover expenses of operation and reserves and , under such regulations as may be provided by the board , some part of such reserve may be devoted to retirement of the stock ...
Page 7
... Obligations of the Federal home loan banks issued with the approval of the board under this act shall be lawful investments , and may be accepted as security , for all fiduciary , trust , and public funds the investment or deposit of ...
... Obligations of the Federal home loan banks issued with the approval of the board under this act shall be lawful investments , and may be accepted as security , for all fiduciary , trust , and public funds the investment or deposit of ...
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...