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 4
... percent on the 25 - year bonds and one - fourth of 1 percent on the 10 - year bonds . The participations of the dealers ranged from $ 5,000 to $ 3,465,000 , principal amount , of bonds , and their commissions ranged from $ 12.50 to ...
... percent on the 25 - year bonds and one - fourth of 1 percent on the 10 - year bonds . The participations of the dealers ranged from $ 5,000 to $ 3,465,000 , principal amount , of bonds , and their commissions ranged from $ 12.50 to ...
Page 5
... extending credit on a security registered on a national securities exchange ( other than an exempted security ) in excess of 25 percent of its current market value . There would obviously be a broader INTERNATIONAL BANK 5 LO.
... extending credit on a security registered on a national securities exchange ( other than an exempted security ) in excess of 25 percent of its current market value . There would obviously be a broader INTERNATIONAL BANK 5 LO.
Page 15
... percent of the total subscribed capital is paid - in capital , and of this only a relatively small amount may be used for loans . The other 80 percent of the bank's capital is subject to call to meet obliga- tions of the bank and is not ...
... percent of the total subscribed capital is paid - in capital , and of this only a relatively small amount may be used for loans . The other 80 percent of the bank's capital is subject to call to meet obliga- tions of the bank and is not ...
Page 16
... percent of their capital and surplus ; also , our bonds have been declared eligible to secure United States Government deposits . But there is still one very large obstacle , and that is the technical difficulties which the securities ...
... percent of their capital and surplus ; also , our bonds have been declared eligible to secure United States Government deposits . But there is still one very large obstacle , and that is the technical difficulties which the securities ...
Page 17
... percent of their capital and surplus , they cannot deal in them . Since they cannot deal in the bonds , the banks are re- luctant to buy them in the first place , because they do not want their funds immobilized . Furthermore , as I ...
... percent of their capital and surplus , they cannot deal in them . Since they cannot deal in the bonds , the banks are re- luctant to buy them in the first place , because they do not want their funds immobilized . Furthermore , as I ...
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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...