Payment of Veterans' Adjusted-service Certificates: Hearings Before the Committee on Finance, United States Senate, Seventy-first Congress, Third Session, Relative to Payment of Veterans' Adjusted-service Certificates. February 18, 1931, Volume 2U.S. Government Printing Office, 1931 - Disabled veterans |
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Page 148
... refunding operations must be undertaken in 1933 , since it is unthink- able that $ 6,268,000,000 of obligations should be allowed to mature in the single year 1938. It is evident , therefore , that important refunding operations must be ...
... refunding operations must be undertaken in 1933 , since it is unthink- able that $ 6,268,000,000 of obligations should be allowed to mature in the single year 1938. It is evident , therefore , that important refunding operations must be ...
Page 173
... refunding operations because of the high interest rate . But leaving the high interest rate out of consideration , we have to begin disposing of these bonds in 1933 , because we can not allow so many securities to mature in one year ...
... refunding operations because of the high interest rate . But leaving the high interest rate out of consideration , we have to begin disposing of these bonds in 1933 , because we can not allow so many securities to mature in one year ...
Page 174
... refunding of short - term debts , in addition to what I have already discussed , we will have two billions of dollars of short - term debt on hand in October , 1933 , together with $ 6,250,000,000 of fourth Liberty to be handled . And ...
... refunding of short - term debts , in addition to what I have already discussed , we will have two billions of dollars of short - term debt on hand in October , 1933 , together with $ 6,250,000,000 of fourth Liberty to be handled . And ...
Page 175
... refunding the second and third Liberty loans . We refunded $ 5,000,000,000 of high - interest - bearing securities in 1927 and 1928 and put out short- term paper . Senator COUZENS . Why did you put out too much ? Undersecretary MILLS ...
... refunding the second and third Liberty loans . We refunded $ 5,000,000,000 of high - interest - bearing securities in 1927 and 1928 and put out short- term paper . Senator COUZENS . Why did you put out too much ? Undersecretary MILLS ...
Page 176
... refunding processes . Undersecretary MILLS . I thought I just let the facts speak for themselves . Did I paint the lily ? [ Laughter . ] Senator HARRISON . Is it any different now from then , when you said this : The maturity schedule ...
... refunding processes . Undersecretary MILLS . I thought I just let the facts speak for themselves . Did I paint the lily ? [ Laughter . ] Senator HARRISON . Is it any different now from then , when you said this : The maturity schedule ...
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Common terms and phrases
4½ per cent actuarial principles adjusted compensation act adjusted service certificate adjusted-service certificate fund Administrator of Veterans amended amount apply approximately assume become callable bill billion dollars cash cent interest centum per annum CHAIRMAN compounded annually Congress deficit discount or rediscount eligible endowment policy estimate face value FEBRUARY 18 Federal reserve act Federal reserve bank Federal Reserve Board financing Government life-insurance HINES increase the loan insurance fund interest rate legislation loan basis loan value March 15 number of veterans obligations outstanding payment premium present proposed public debt question rate of interest REED SMOOT refunding operations round numbers section 502 Senator BARKLEY Senator COUZENS Senator GEORGE Senator HARRISON Senator KING Senator LA FOLLETTE Senator REED Senator THOMAS Senator WALSH Senator WATSON service certificate fund short-term debt THOMAS of Idaho THOMAS of Oklahoma Undersecretary MILLS unemployment United States Government unpaid principal veterans borrowing WALSH of Massachusetts