To Provide for the Establishment of a Federal Mortgage Bank: Hearing Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-fourth Congress, Second Session, on S. 2914 |
From inside the book
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Page 25
... Congress. Senate. Committee on Banking and Currency. Senator RADCLIFFE . As long as there is any capital ? Mr. BARKER . As long as it has any capital ; yes - unless the superin- tendent of insurance wants to stop them . Senator RADCLIFFE ...
... Congress. Senate. Committee on Banking and Currency. Senator RADCLIFFE . As long as there is any capital ? Mr. BARKER . As long as it has any capital ; yes - unless the superin- tendent of insurance wants to stop them . Senator RADCLIFFE ...
Page 37
... Senator RADCLIFFE . If the market became frozen , do you not think that would embarrass this bank ? Mr. SCHMIDT . The market would never become frozen if you had a place to go to sell your mortgage . Senator RADCLIFFE . What could the ...
... Senator RADCLIFFE . If the market became frozen , do you not think that would embarrass this bank ? Mr. SCHMIDT . The market would never become frozen if you had a place to go to sell your mortgage . Senator RADCLIFFE . What could the ...
Page 39
... Senator RADCLIFFE . You mean capital and surplus combined ? Mr. SCHMIDT . Yes ; the bill provides that 25 percent of the earn- ings shall be set aside in a surplus account before dividends are paid , until it reaches a certain amount ...
... Senator RADCLIFFE . You mean capital and surplus combined ? Mr. SCHMIDT . Yes ; the bill provides that 25 percent of the earn- ings shall be set aside in a surplus account before dividends are paid , until it reaches a certain amount ...
Common terms and phrases
60 per centum agency ALBEN W amortization appraisers ASSOCIATION OF REAL BANKING AND CURRENCY BARKER believe board of directors bonds capital and surplus capital stock cash certificates CHAIRMAN COMMITTEE ON BANKING Credit Foncier debentures defaults dividends earnings eligible fair worth Federal Housing Administration Federal mortgage bank Federal Reserve feel Fletcher bill frozen funds gage Government holders Housing institutions insurance companies interest rates investor issued JAMES COUZENS judgment lines liquidity loan MACDOUGALL mort mortgage finance mortgage investments mortgage loans mortgage structure mortgagor obligations officers payments periods of stress PETER NORBECK President principal proposed purchase or lend Real Estate Boards real-estate and mortgage Reconstruction Finance Corporation regulation repurchase agreement reserve system savings banks SCHMIDT Secretary Section sell Senator COUZENS Senator RADCLIFFE Senator WAGNER sound mortgage statement stockholders supervision thereof tion United United States Senate WALSTRUM York