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 |
From inside the book
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Page 23
... I believe if your policy , which apparently is based on common sense and an attitude of wanting to be helpful , had been in operation , two - thirds or more of those farmers today would still be on their farms FARM CREDIT LEGISLATION 23.
... I believe if your policy , which apparently is based on common sense and an attitude of wanting to be helpful , had been in operation , two - thirds or more of those farmers today would still be on their farms FARM CREDIT LEGISLATION 23.
Page 53
... farmers ought to get the benefit of as low rates as they possibly can . Mr. LEMKE . Well , that is one thing that I ... farmers , or have in the past , and then when the farmer talks back to them , he is listed as acting in bad faith and ...
... farmers ought to get the benefit of as low rates as they possibly can . Mr. LEMKE . Well , that is one thing that I ... farmers , or have in the past , and then when the farmer talks back to them , he is listed as acting in bad faith and ...
Page 56
... farmer a decent price for what he raises , or a parity price , if these farmers are ever going to pay their interest on their loans . When the members of this com- mittee and other Members of the House see the situation which prevails ...
... farmer a decent price for what he raises , or a parity price , if these farmers are ever going to pay their interest on their loans . When the members of this com- mittee and other Members of the House see the situation which prevails ...
Page 57
... farmer buys . 3. Subsidized hundreds of new farmers and set them up in business at lower rates of interest in direct competition to the farmers already on their farms with their large obligations . 4. And now proposing in a big way to ...
... farmer buys . 3. Subsidized hundreds of new farmers and set them up in business at lower rates of interest in direct competition to the farmers already on their farms with their large obligations . 4. And now proposing in a big way to ...
Page 69
... farming itself self - sustaining and wouldn't the lowering of the interest rate have considerable to do in making farming self - sustaining that is , putting it low enough so it comes within the farmers ' ability to pay ? Mr. BLACK ...
... farming itself self - sustaining and wouldn't the lowering of the interest rate have considerable to do in making farming self - sustaining that is , putting it low enough so it comes within the farmers ' ability to pay ? Mr. BLACK ...
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 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 taxes 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...