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 |
From inside the book
Results 1-5 of 23
Page 4
... practical matter , market its bonds , it even imposes on the bank more strin- gent restrictions than are imposed ... practical nor economical for the bank to do so . Consequently , as I have said before , as a practical matter the ...
... practical matter , market its bonds , it even imposes on the bank more strin- gent restrictions than are imposed ... practical nor economical for the bank to do so . Consequently , as I have said before , as a practical matter the ...
Page 9
... practical authority to condition the method of their flotation in this country , render applicable to some degree the considerations which led the Congress to exempt United States Government securities from the securities acts . The ...
... practical authority to condition the method of their flotation in this country , render applicable to some degree the considerations which led the Congress to exempt United States Government securities from the securities acts . The ...
Page 16
... practical matter , that not only must the banks be permitted to deal in them under the National Bank Act but the bonds must also be exempt from the securities acts . These are the reasons why I say that : There are two major markets for ...
... practical matter , that not only must the banks be permitted to deal in them under the National Bank Act but the bonds must also be exempt from the securities acts . These are the reasons why I say that : There are two major markets for ...
Page 17
... practical matter , it is necessary that our bonds be put in the same class so far as the National Bank Act and the Securities Acts are concerned - as other bonds which the banks customarily handle . Our proposal , therefore , for ...
... practical matter , it is necessary that our bonds be put in the same class so far as the National Bank Act and the Securities Acts are concerned - as other bonds which the banks customarily handle . Our proposal , therefore , for ...
Page 19
... practical way . One of the worries that the investors and the legislators that we have talked to have is what would happen if the amount of bonds of the International Bank ex- ceeded the American so - called guaranty point . That is the ...
... practical way . One of the worries that the investors and the legislators that we have talked to have is what would happen if the amount of bonds of the International Bank ex- ceeded the American so - called guaranty point . That is the ...
Other editions - View all
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...