Rural Credits: Hearings Before the Committee on Banking and Currency, United States Senate, Sixty-seventh Congress, Fourth Session, on Senate Bills to Provide Credit Facilities for the Agricultural and Livestock Industries in the United States; to Amend the Federal Farm Loan Act; to Amend the Federal Reserve Act; and for Other Purposes ...U.S. Government Printing Office, 1922 - Agricultural credit |
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Results 1-5 of 83
Page 1
... maturity not exceeding nine months ; ( 2 ) paper secured by chattel mortgage on live stock which is being fattened for market , such paper having a maturity not exceeding nine months ; ( 3 ) paper secured by chattel mortgage on breeding ...
... maturity not exceeding nine months ; ( 2 ) paper secured by chattel mortgage on live stock which is being fattened for market , such paper having a maturity not exceeding nine months ; ( 3 ) paper secured by chattel mortgage on breeding ...
Page 2
... maturity up to six months , instead of the maturity of three months as pro- vided in the present law . ( 2 ) Notes , drafts , or bills of exchange issued or drawn for agricultural purposes , and secured by warehouse receipts ...
... maturity up to six months , instead of the maturity of three months as pro- vided in the present law . ( 2 ) Notes , drafts , or bills of exchange issued or drawn for agricultural purposes , and secured by warehouse receipts ...
Page 5
... maturity . The CHAIRMAN . This bill extends it for nine months . Senator HITCHCOCK . That is what I am trying to get at ; it makes a longer period . The CHAIRMAN . It must have a maturity of nine months . Senator CAPPER . I stated in ...
... maturity . The CHAIRMAN . This bill extends it for nine months . Senator HITCHCOCK . That is what I am trying to get at ; it makes a longer period . The CHAIRMAN . It must have a maturity of nine months . Senator CAPPER . I stated in ...
Page 7
... maturity of this paper it will be renewed if it is pos- sible to renew it . But it is not enough for the system . There ought to be some system under which a man can make his arrangements for credit to cover the period of time involved ...
... maturity of this paper it will be renewed if it is pos- sible to renew it . But it is not enough for the system . There ought to be some system under which a man can make his arrangements for credit to cover the period of time involved ...
Page 8
... maturity . Senator CAPPER . Yes ; agricultural paper " secured by chattel mortgage upon live stock may be discounted with a maturity not exceeding nine months . " Senator GLASS . In other words , the local corporation may accept paper ...
... maturity . Senator CAPPER . Yes ; agricultural paper " secured by chattel mortgage upon live stock may be discounted with a maturity not exceeding nine months . " Senator GLASS . In other words , the local corporation may accept paper ...
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Common terms and phrases
advances agricultural paper amendment amount bankers BIXBY bonds borrow branch banking Capper bill cattle cent CHAIRMAN committee commodity cooperative associations cooperative marketing associations cotton country banks crop deposits directors discount districts eligible farm loan act Farm Loan Board farmers Federal debenture bank Federal farm loan Federal land bank Federal reserve act Federal reserve bank Federal Reserve Board Federal reserve system Federal rural credits Finance Corporation funds Government growers indorsement institutions investment issued joint-stock land banks LEFFINGWELL Lenroot bill limit LOBDELL maturity MCSWAIN member banks MEYER mortgage MYRICK national banks nine months operations organization PLATT purpose rediscount rural credits board rural credits company SAPIRO Secretary MELLON sell Senator CAPPER Senator FLETCHER Senator GLASS Senator HITCHCOCK Senator KENDRICK Senator LENROOT Senator NORBECK Senator POMERENE Senator SHORTRIDGE Senator SIMMONS six months tion Treasury United War Finance Corporation
Popular passages
Page 154 - Corporation shall be exempt, both as to principal and interest, from all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by any local taxing authority...
Page 155 - Nothing herein shall be construed to exempt the real property of associations from either State, county, or municipal taxes to the same extent, according to its value, as other real property is taxed.
Page 154 - 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 242 - After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders shall be entitled to receive an annual dividend of six per centum on the paid-in capital stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met...
Page 158 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 156 - Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal property of such association, on such terms as the court shall direct; and may, if necessary to pay the debts of such association, enforce the individual liability...
Page 157 - ... shall be a beneficiary of or receive, directly or indirectly, any fee, commission, gift, or other consideration for or in connection with any transaction or business of the bank.
Page 228 - An Act to provide capital for agricultural development, to create standard forms of investment based upon farm mortgage, to equalize rates of interest upon farm loans, to furnish a market for United States bonds, to create Government depositaries and financial agents for the United States, and for other purposes.
Page 160 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice, and protest by such bank as to its own indorsement exclusively, any federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions...
Page 229 - Said examiners shall be subject to the same requirements, responsibilities and penalties as are applicable to National bank examiners under the National Bank Act, the Federal Reserve Act and other provisions of law. Whenever directed by the Federal Farm Loan Board...