Farm Credit Legislation: Hearings Before the Committee on Agriculture, House of Representatives, Seventy-sixth Congress, Third Session, on H.R. 8748, to Reduce Permanently the Interest Rates on Federal Land Bank and Land Bank Commissioner Loans; to Relieve Federal Land Bank Borrowers of Stock Liability; to Place the Federal Land Banks on a Self Supporting Basis; to Refund and Guarantee the Bonds of Such Banks; to Increase the Functions and Responsibilities of National Farm-loan Associations and County Committees of Farmers; to Provide for the Adjustment and Refinancing of Farm-mortgage Debts; to Limit the Institution of Foreclosure Proceedings and the Taking of Deficiency Judgments, and for Other Purposes, March 7 to April 5, 1940 |
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Page 21
... believe in the system , and as far as southern Minnesota is concerned , I think they have done as good a job there as they have in any other part of the country , and having built up their organization it occurs to me that it would be ...
... believe in the system , and as far as southern Minnesota is concerned , I think they have done as good a job there as they have in any other part of the country , and having built up their organization it occurs to me that it would be ...
Page 24
... believe , in 1932. They are also in liquidation , as are the joint - stock land banks . We are supervising the liquidation of those institutions . Mr. PACE . Would anything be gained by a general consolidation of these lending agencies ...
... believe , in 1932. They are also in liquidation , as are the joint - stock land banks . We are supervising the liquidation of those institutions . Mr. PACE . Would anything be gained by a general consolidation of these lending agencies ...
Page 28
... believe it does , the way the bill is written . Mr. CHAIRMAN . I rather think it does . I think I will have to take issue there . At least , I do not like to have the flat statement made until I examine the provisions . Mr. KLEBERG . I ...
... believe it does , the way the bill is written . Mr. CHAIRMAN . I rather think it does . I think I will have to take issue there . At least , I do not like to have the flat statement made until I examine the provisions . Mr. KLEBERG . I ...
Page 32
... believe that 10 - year bonds could be sold at present at around a 2 - percent yield if they were fully guaranteed . Mr. HOPE . Did you have any figures available there as to just what the Treasury is getting money for now on long time ...
... believe that 10 - year bonds could be sold at present at around a 2 - percent yield if they were fully guaranteed . Mr. HOPE . Did you have any figures available there as to just what the Treasury is getting money for now on long time ...
Page 33
... believe that it would be possible to operate on that margin- unless , of course , we run into a disaster of some kind that takes the bottom out from under agricultural income over the entire country . We could not stand a situation of ...
... believe that it would be possible to operate on that margin- unless , of course , we run into a disaster of some kind that takes the bottom out from under agricultural income over the entire country . We could not stand a situation of ...
Common terms and phrases
adjustment agency Agriculture amount ANDRESEN average bank system bankers basis BELL bill BLACK borrowers callable CHAIRMAN COFFEE committee Congress COOLEY cooperative features cost credit system debt deficiency judgments delinquent DICKERSON district DOXEY Farm Credit Administration farm loan Farm Mortgage Corporation farmers Federal Farm Mortgage Federal Government Federal land bank Federal land-bank system Federal Reserve System FERGUSON financing FLANNAGAN foreclosed foreclosure FULMER GILCHRIST going Goss Governor HOPE indebtedness institution interest rates issue KLEBERG Land Bank Commissioner land-bank bonds land-bank loans legislation LEMKE lending loan associations losses Marvin Jones ment mortgage loans MURRAY MYLANDER national farm national farm-loan associations North Dakota operation outstanding PACE paid payments percent period PIERCE present production credit productive value question rate of interest reamortization refinancing Secretary WALLACE sell SHORT statement subsidy TABER THATCHER thing tion Treasury ZIMMERMAN
Popular passages
Page 2 - Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended...
Page 2 - 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 77 - The CHAIRMAN. The committee will come to order, please. We have with us this morning Mr.
Page 318 - To fulfill these purposes, the country is divided into 12 Farm Credit Districts. At the same location in each district there is a Federal land bank, a Federal intermediate credit bank, and a bank for cooperatives. There is also a Central Bank for Cooperatives in Denver, Colorado.
Page 119 - Patten, we will be glad to hear you at this time. STATEMENT OF HON.
Page 515 - Mid pleasures and palaces though we may roam, Be it ever so humble, there's no place like home; A charm from the sky seems to hallow us there, Which, seek through the world, is ne'er met with elsewhere. Home, home, sweet, sweet home! There's no place like home, oh, there's no place like home!
Page 2 - All obligations issued by the Authority 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 authority or control of the United States or of any officer or officers thereof.
Page 2 - ... the bonds of the Corporation acquired by him under this section. All redemptions, purchases, and sales by the Secretary of the Treasury of the bonds of the Corporation shall be treated as publicdebt transactions of the United States. With the approval of the Secretary of the Treasury, the Corporation shall have power to purchase such bonds in the open market at any time and at any price.
Page 2 - 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 8 - SEC. 52. No officer, attorney, or other employee of the corporation shall, directly or indirectly, be the beneficiary of or receive any fee, commission, gift, or other consideration for or in connection with any transaction or business under this Act other than such salary, fee, or other compensation as he may receive as such officer, attorney, or employee. No member of a county committee established under section 42 shall knowingly make or join in making any certification prohibited by section 2...