Home Loan Bank Bill: Hearings... on H.R. 122801932 - 45 pages |
From inside the book
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Page 14
... Luce , of the Banking and Currency Committee of the House . That bill provided that this $ 125,000,000 should come from the Treasury of the United States . We changed that provision , so as to provide that that $ 125,000,000 should come ...
... Luce , of the Banking and Currency Committee of the House . That bill provided that this $ 125,000,000 should come from the Treasury of the United States . We changed that provision , so as to provide that that $ 125,000,000 should come ...
Page 21
... LUCE , A REPRESENTATIVE IN CONGRESS FROM THE STATE OF MASSACHUSETTS Mr. LUCE . Mr. Chairman and gentlemen , Mr. Reilly has so thor- oughly put before you the picture that he has left me little to add . I would emphasize his last ...
... LUCE , A REPRESENTATIVE IN CONGRESS FROM THE STATE OF MASSACHUSETTS Mr. LUCE . Mr. Chairman and gentlemen , Mr. Reilly has so thor- oughly put before you the picture that he has left me little to add . I would emphasize his last ...
Page 22
... LUCE . Let me finish the quotation , and then I will explain . Mr. O'CONNOR . That is all right . Mr. LUCE . He goes on to say : This $ 150,000,000 of building and loan association funds represents the sav ings of the middle class and ...
... LUCE . Let me finish the quotation , and then I will explain . Mr. O'CONNOR . That is all right . Mr. LUCE . He goes on to say : This $ 150,000,000 of building and loan association funds represents the sav ings of the middle class and ...
Page 23
... LUCE . Yes . Mr. BANKHEAD . Would it not take an almost unimaginable amount just to meet the immediate situation , if these requests for withdrawals are continued in the present proportion ? Mr. LUCE . If they will continue . But we are ...
... LUCE . Yes . Mr. BANKHEAD . Would it not take an almost unimaginable amount just to meet the immediate situation , if these requests for withdrawals are continued in the present proportion ? Mr. LUCE . If they will continue . But we are ...
Page 24
... LUCE . Yes ; some will have to change their constitutions . Mr. GARRETT . Has your committee a list of the States that could come in under this act without any additional legislation ? Mr. LUCE . Well , we have gone into that very ...
... LUCE . Yes ; some will have to change their constitutions . Mr. GARRETT . Has your committee a list of the States that could come in under this act without any additional legislation ? Mr. LUCE . Well , we have gone into that very ...
Common terms and phrases
amount approval authorized BANKHEAD Banking and Currency become a member bill provides board of directors Bodfish bonds and debentures building and loan capital stock cent centum condition deposits district dividends eligible to become enacted exceed exempt farmers favor Federal home loan Federal home-loan bank Federal land bank Federal reserve system funds GARRETT going Government hearings home building home loan bank home mortgage loans home owners House insurance companies invested investors issued laws legislation loan associations loan bank bill LUCE MCMILLAN measure member or nonmember ment nonmember borrower O'CONNOR obligations organization organization certificate paid payment President process of liquidation proponents PURNELL purposes question RANSLEY real estate reason Reconstruction Finance Corporation REILLY relieve require SABATH Secretary Senator WATSON statement subscribe for stock subscriptions tax-exempt securities taxes thereof tion to-day Treasury United WILLIAMS
Popular passages
Page 8 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 8 - All notes, bonds, debentures, or other such obligations issued by the Corporation shall be exempt, both as to principal and interest, from all taxation...
Page 10 - Whoever makes any statement knowing it to be false or whoever willfully overvalues any security for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release or substitution of security therefor, or for the purpose of influencing in any way...
Page 9 - 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 9 - Any member appointed to fill a vacancy in the board occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term.
Page 10 - Issued or purporting to have been issued by the corporation, or (4) passes, utters or publishes, or attempts to pass, utter or publish, as true any falsely altered or spurious...
Page 10 - 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 - 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.
Page 11 - The engraved plates, dies, bed pieces, and other material executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The...
Page 10 - ... (c) Whoever, being connected in any capacity with the corporation, (1) embezzles, abstracts, purloins, or willfully misapplies any moneys, funds, securities, or other things of value, whether belonging to...