Farm Credit Act of 1933, Hearing Before ..., 73-1 on H.R. 5790, May 26 and 27, 19331933 - 48 pages |
From inside the book
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Page 8
... cost of such construction or acquisition , of physical marketing facilities for preparing , handling , storing , processing , or merchandising agricultural com- modities or their food products ; ' SEC . 53. Subsection ( c ) of section 7 ...
... cost of such construction or acquisition , of physical marketing facilities for preparing , handling , storing , processing , or merchandising agricultural com- modities or their food products ; ' SEC . 53. Subsection ( c ) of section 7 ...
Page 9
... cost of such examinations against the bank , association , or corporation examined which shall pay such costs to the governor . The amounts so assessed and unpaid shall be a prior lien on all assets of the bank , association , or ...
... cost of such examinations against the bank , association , or corporation examined which shall pay such costs to the governor . The amounts so assessed and unpaid shall be a prior lien on all assets of the bank , association , or ...
Page 13
... cost $ 650,000 , so with those figures you can make some comparisons . It is a very expensive way to make loans , and when we are trying to economize and cut down expenses we will have to discontinue some offices ; there is no question ...
... cost $ 650,000 , so with those figures you can make some comparisons . It is a very expensive way to make loans , and when we are trying to economize and cut down expenses we will have to discontinue some offices ; there is no question ...
Page 15
... cost of this credit , is about 3 or 32 percent . I believe it is 3 percent . So they exist as the machinery through which farmers can get credit from investors in a local community . The purpose of this plan is to assist in financing ...
... cost of this credit , is about 3 or 32 percent . I believe it is 3 percent . So they exist as the machinery through which farmers can get credit from investors in a local community . The purpose of this plan is to assist in financing ...
Page 16
... cost : that will not loan Government money , but will follow the plan here of using Government money to set up local credit corporations so that far- mers can help themselves . This system would make the same kind of loans that the ...
... cost : that will not loan Government money , but will follow the plan here of using Government money to set up local credit corporations so that far- mers can help themselves . This system would make the same kind of loans that the ...
Common terms and phrases
agency Agricultural Credit Corporation Agricultural Marketing Act amended to read amended U.S.C. amount approval asso authorized Bank for Cooperatives BIERMANN bill board of directors BOILEAU borrowers capital and guaranty CENTRAL BANK SEC centum CHAIRMAN ciation class B stock clearing house associations collateral committee cooperative associations cost Credit Cor CUMMINGS debentures direct loans district dividends double liability DOXEY eligible Farm Credit Administration Farm Loan Act farm-loan associations Federal Farm Board Federal Farm Loan Federal land banks financing foreclose FULMER GILCHRIST GLOVER governor guaranty fund handled holder HOPE intermediate credit banks KLEBERG loan associations loans direct losses MORGENTHAU MYERS obligation operation organization Paragraph payment percent permit prescribed Production Credit Association Production Credit Corporation question Reconstruction Finance Corporation rediscount regional agricultural credit regional banks repeal revolving fund set-up situation stock held sugar tion title 12 UTTERBACK warehouse receipts
Popular passages
Page 3 - reconstruction finance corporation act." SBC. 2. The corporation shall have capital stock of $500,000.000, all subscribed by the United States of America, payment for which shall be subject to call in whole or in part by the board of directors of the corporation, with the approval of the Secretary of the Treasury, at such time or times as may be deemed advisable.
Page 9 - 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, That the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum.
Page 12 - State bank, trust company, agricultural credit corporation, incorporated live-stock loan company, savings institution, cooperative bank, cooperative credit or marketing association of agricultural producers, organized under the laws of any State...
Page 8 - Payment for the $825,000,000 balance of such capital stock shall be subject to call at any time in whole or in part by the Board of Directors of the Bank. For the purpose of making payments of such balance, the Secretary of the Treasury...
Page 11 - Corporation, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...
Page 10 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Page 10 - ... capital, reserves, surpluses, and other funds, and their income shall be exempt from all taxation now or hereafter imposed by the United States or by any State, Territorial, or local taxing authority; except that any real property and any tangible personal property of such Federal credit unions shall be! subject to Federal, State, Territorial., and local taxation to the same extent as other similar property is taxed.
Page 4 - ... formed and the territory within which Its operations are to be carried on, and which may contain any other provision, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. Said articles shall be signed...
Page 9 - Third. That the association shall not deal in the products of nonmembers to an amount greater in value than such as are handled by it for members.