Home Loan Bank Bill: Hearings... on H.R. 122801932 - 45 pages |
From inside the book
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Page 14
... reason that when the Reconstruc- tion Finance Corporation bill passed the House it was believed that the building ... reasons why the Reconstruction Finance Corporation can not handle this situation . It was testified to by men who know ...
... reason that when the Reconstruc- tion Finance Corporation bill passed the House it was believed that the building ... reasons why the Reconstruction Finance Corporation can not handle this situation . It was testified to by men who know ...
Page 17
... reasons why they should not be forced into liquidation , because they are unable to pay their withdrawal applications that have been . filed . That is one of the things that is bothering us to - day . Mr. GARRETT . Pursuing further your ...
... reasons why they should not be forced into liquidation , because they are unable to pay their withdrawal applications that have been . filed . That is one of the things that is bothering us to - day . Mr. GARRETT . Pursuing further your ...
Page 18
... reason that they are backed , or , at least , they represent real - estate mortgages which are not in excess of 40 per cent of the appraised value of the real estate covered by those mortgages ; and every bond issued must have back of ...
... reason that they are backed , or , at least , they represent real - estate mortgages which are not in excess of 40 per cent of the appraised value of the real estate covered by those mortgages ; and every bond issued must have back of ...
Page 19
... reason for their opposition , except that they are opposed funda- mentally to the Government going into business any more . Mr. BANKHEAD . That is , the banks are opposed to that ? Mr. REILLY . The insurance companies and the banks . Mr ...
... reason for their opposition , except that they are opposed funda- mentally to the Government going into business any more . Mr. BANKHEAD . That is , the banks are opposed to that ? Mr. REILLY . The insurance companies and the banks . Mr ...
Page 20
... reason to believe that anybody is going to build that many homes . Mr. RANSLEY . Could not that overbuilding be prevented by put- ting in an additional clause restricting them ? Mr. REILLY . Restricting them not to advance it ? Mr ...
... reason to believe that anybody is going to build that many homes . Mr. RANSLEY . Could not that overbuilding be prevented by put- ting in an additional clause restricting them ? Mr. REILLY . Restricting them not to advance it ? Mr ...
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...