Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1953 - Banking law |
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Page 23
... ORGANIZATION OF CORPORATIONS . ( a ) Corporations , not exceeding in number the total number of Federal Reserve banks and branches thereof , organ- ized for the purpose of operating under this section , may be organized by any number of ...
... ORGANIZATION OF CORPORATIONS . ( a ) Corporations , not exceeding in number the total number of Federal Reserve banks and branches thereof , organ- ized for the purpose of operating under this section , may be organized by any number of ...
Page 24
... organized in the United States , and the volume of their operations . After consideration of all relevant factors , the Board of Governors may approve the articles of incor- poration and issue a permit to begin business . Upon issuance ...
... organized in the United States , and the volume of their operations . After consideration of all relevant factors , the Board of Governors may approve the articles of incor- poration and issue a permit to begin business . Upon issuance ...
Page 25
... organized under this section in an aggregate amount not exceeding 10 per centum of such bank's capital and surplus . " 7. DIRECT LOANS . - Each corporation shall have authority to make or acquire loans with or without security to both ...
... organized under this section in an aggregate amount not exceeding 10 per centum of such bank's capital and surplus . " 7. DIRECT LOANS . - Each corporation shall have authority to make or acquire loans with or without security to both ...
Page 26
... organized under this section . Such corporations may invest funds not reasonably needed for their current operations in direct obligations of , or obliga- tions guaranteed as to principal and interest by , the United States . " ( c ) ...
... organized under this section . Such corporations may invest funds not reasonably needed for their current operations in direct obligations of , or obliga- tions guaranteed as to principal and interest by , the United States . " ( c ) ...
Page 27
... organized under this section with the consent of such Reserve bank . " ( j ) Within sixty days after the effective ... Organization of Corporations .— ( a ) Regional investing corporations not to exceed number of Federal Reserve banks ...
... organized under this section with the consent of such Reserve bank . " ( j ) Within sixty days after the effective ... Organization of Corporations .— ( a ) Regional investing corporations not to exceed number of Federal Reserve banks ...
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Common terms and phrases
activities amended approved assets authority Bankers Banking and Currency bill borrower BRYNILDSSEN BURGESS business concerns business enterprises business loans CAPEHART capital stock CHAIRMAN committee Congress contracts CRAVENS Defense Plants Administration Defense Production Act economy equity capital facilities Federal Housing Administration Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve System financial assistance functions going guaranteed industry interest June 30 lender limit liquidation loans to small ment million mortgages national investment company obligations officers operations organization outstanding participation percent President purchase purpose recommendations Reconstruction Finance Corporation revolving fund RFC Act RFC loans SDPA Secretary HUMPHREY section 714 securities Senator BENNETT Senator BRICKER Senator BUSH Senator BYRD Senator FREAR Senator PAYNE Senator ROBERTSON Senator SPARKMAN SHEAFFER Small Business Administration Small Defense Plants small-business concerns Stat statement tion Treasury United United States Senate Washington
Popular passages
Page 54 - For the purposes of this Act, a small-business concern shall be deemed to be one which is independently owned and operated and which is not dominant in its field of operation.
Page 20 - States and such guaranty shall be expressed on the face thereof, and such bonds 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 the authority or control of the United States or any officer or officers thereof.
Page 206 - Government should aid, counsel, assist, and protect insofar as is possible the interests of small-business concerns in order to preserve free competitive enterprise, to insure that a fair proportion of the total purchases and contracts for supplies and services for the Government be placed with small-business enterprises, and to maintain and strengthen the overall economy of the Nation.
Page 48 - It is the declared policy of the Congress that the Government should aid, counsel, assist, and protect insofar as is possible the interests of small business concerns in order to preserve free competitive enterprise...
Page 40 - Whenever in the judgment of the Commission any person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act, or any regulation or order issued thereunder, it may make application to the appropriate court for an order enjoining such acts or practices, or for an~ order enforcing compliance with such provision...
Page 48 - The essence of the American economic system of private enterprise is free competition. Only through full and free competition can free markets, free entry into business, and opportunities for the expression and growth of personal initiative and individual judgment be assured. The preservation and expansion of such competition is basic not only to the economic well-being but to the security of this Nation.
Page 9 - Sue and be sued in any court of record of a State having general Jurisdiction, or in any United States district court, and Jurisdiction is conferred upon such district court to determine such controversies without regard to the amount in controversy; but no attachment, injunction, garnishment, or other similar process, mesne or final, shall be issued against the Administrator or his property...
Page 51 - Administration, 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 31 - Acquire, in any lawful manner, any property (real, personal, or mixed, tangible or intangible), whenever deemed necessary or appropriate to the conduct of the activities authorized in sections...
Page 9 - In the performance of, and with respect to, the functions, powers, and duties...