International Bank for Reconstruction and Development Securities: Hearings Before the Committee on Interstate and Foreign Commerce, House of Representative, Eightieth Congress, Second Session, on H.R. 6443, a Bill to Amend the Securities Act of 1933, the Securities Exchange Act of 1934, and the National Bank Act. June 4 and 5, 1948 |
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Page 13
... dollars . I have also been a special consultant to the Federal Land Bank System in connection with the refunding of about $ 1,500,000,000 of its bonds . As you know , the National Advisory Council has proposed to the Congress ...
... dollars . I have also been a special consultant to the Federal Land Bank System in connection with the refunding of about $ 1,500,000,000 of its bonds . As you know , the National Advisory Council has proposed to the Congress ...
Page 14
... dollars will be required just to cover the first years ' operation of the program . And each of us has a real stake in seeing that while we do the job right , we put up no more money than is absolutely necessary . It is squarely at that ...
... dollars will be required just to cover the first years ' operation of the program . And each of us has a real stake in seeing that while we do the job right , we put up no more money than is absolutely necessary . It is squarely at that ...
Page 19
... dollar for dollai by the subscription of the United States . May I conclude by saying that I believe that the ... dollar for dollar backing of the United States Govern- ment . We have to depend upon the other countries putting up their ...
... dollar for dollai by the subscription of the United States . May I conclude by saying that I believe that the ... dollar for dollar backing of the United States Govern- ment . We have to depend upon the other countries putting up their ...
Page 20
... dollar for dollar by the United States Government would be diluted if they aided and abetted by buying more . Do you get my point ? Mr. SCOTT . Entirely . Mr. BLACK . So , I think the market has a complete veto over whether or not we ...
... dollar for dollar by the United States Government would be diluted if they aided and abetted by buying more . Do you get my point ? Mr. SCOTT . Entirely . Mr. BLACK . So , I think the market has a complete veto over whether or not we ...
Page 23
... dollar for dollar by the United States Government . Mr. BENNETT of Michigan . Is the National Advisory Council in a position to do the same kind of job that the Securities and Exchange Commission does in approving securities to be sold ...
... dollar for dollar by the United States Government . Mr. BENNETT of Michigan . Is the National Advisory Council in a position to do the same kind of job that the Securities and Exchange Commission does in approving securities to be sold ...
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Common terms and phrases
agency American investors amount approval articles of agreement Bank for Reconstruction Bank securities bank's BECKWORTH BENNETT of Michigan bill BLACK borrow Bretton Woods Bretton Woods Agreement CHAIRMAN Chase National Bank Commissioner HANRAHAN Commissioner MCCONNAUGHEY Congress Currency dollars DOLLIVER effect Exchange Commission exempt securities Export-Import Bank Federal Reserve System financing foreign government FULTON funds HINSHAW insurance companies International Bank International Monetary International Monetary Fund Interstate and Foreign Interstate Commerce Commission issued or guaranteed issuer legislation lend liability loans LUXFORD LYNCH matter ment National Advisory Council National Bank Act NURICK obligations operations percent problem proposed prospectus protection provisions purchase question Reconstruction and Development registration statement regulations savings banks secu Securities Act Securities and Exchange securities dealers Securities Exchange Act securities issued sell sold statute tion Treasury underwriter United States Government Wallace H
Popular passages
Page 119 - System, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 54 - Whenever, under the Articles of Agreement of the Fund or the Articles of Agreement of the Bank, the approval, consent or agreement of the United States is required before an act may be done by the respective institutions, the decision as to whether such approval, consent, or agreement, shall be given or refused shall (to the extent such decision is not prohibited by section 5 of this Act) be made by the Council, under the general direction of the President.
Page 4 - Commission has expressed the opinion that deposit and share accounts are subject to the anti-fraud provisions of the Securities Act of 1933 and the...
Page 39 - The Secretary of the Treasury, in his discretion, is authorized to purchase any obligations of the Corporation issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended...
Page 2 - sell" includes every contract of sale of, contract to sell, or disposition of, a security or interest in a security for value. (2) "Offer" or "offer to sell" includes every attempt or offer to dispose of, or solicitation of an offer to buy, a security or interest in a security for value.
Page 8 - Council"), consisting of the Secretary of the Treasury, as Chairman, the Secretary of State, the Secretary of Commerce, the Chairman of the Board of Governors of the Federal Reserve System...