Home Loan Bank Bill: Hearings... on H.R. 122801932 - 45 pages |
From inside the book
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Page 2
... held by each member so that , as nearly as possible , such member shall at all times have invested in the stock of the Federal home loan bank at least an amount calculated in the manner provided in the preceding sentence ( but not less ...
... held by each member so that , as nearly as possible , such member shall at all times have invested in the stock of the Federal home loan bank at least an amount calculated in the manner provided in the preceding sentence ( but not less ...
Page 3
... held by such member to equal at least one - twelfth of the Gutstanding advances to such member . ( d ) Stock subscriptions other than by the United States shall be paid for in cash , and shall be paid for at the time of application ...
... held by such member to equal at least one - twelfth of the Gutstanding advances to such member . ( d ) Stock subscriptions other than by the United States shall be paid for in cash , and shall be paid for at the time of application ...
Page 4
... held by the United States is retired at par . Stock held by the United States may at any time , in the discretion of the Federal home loan bank and with the approval of the board , be paid off at par and retired in whole or in part ...
... held by the United States is retired at par . Stock held by the United States may at any time , in the discretion of the Federal home loan bank and with the approval of the board , be paid off at par and retired in whole or in part ...
Page 6
... held by it , or made to a nonmember borrower exceed twelve times the value of the security required to be deposited under section 5 ( e ) . ( d ) The institution applying for an advance shall enter into a primary and unconditional ...
... held by it , or made to a nonmember borrower exceed twelve times the value of the security required to be deposited under section 5 ( e ) . ( d ) The institution applying for an advance shall enter into a primary and unconditional ...
Page 7
... held by other Federal home loan banks , or to purchase the bonds issued by any other Federal home loan bank , or to make deposits with other Federal home loan banks . In any case in which the board requires the purchase of bonds the ...
... held by other Federal home loan banks , or to purchase the bonds issued by any other Federal home loan bank , or to make deposits with other Federal home loan banks . In any case in which the board requires the purchase of bonds the ...
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...