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 |
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Page 4
... amount of unpaid principal thereof the maximum fixed by regulation nor be less than the minimum , and the maker thereof must not be in default for interest or taxes , or in any other of the terms of the mortgage . ( b ) Before purchase ...
... amount of unpaid principal thereof the maximum fixed by regulation nor be less than the minimum , and the maker thereof must not be in default for interest or taxes , or in any other of the terms of the mortgage . ( b ) Before purchase ...
Page 8
... amount due in principal thereon , plus accrued interest . " Page 12 , line 3 : Section 11 , " the bank is authorized to issue notes , bonds , de- bentures , * * et cetera . " In an aggregate amount not to exceed twelve times its ...
... amount due in principal thereon , plus accrued interest . " Page 12 , line 3 : Section 11 , " the bank is authorized to issue notes , bonds , de- bentures , * * et cetera . " In an aggregate amount not to exceed twelve times its ...
Page 23
... amount of the Capital . It is purely arbitrary . Senator RADCLIFFE . Your reserve , then , is not based at all upon the amount of the risk ? Mr. BARKER . Oh , no . We limit it . We say the risk shall be 20 times the amount of the ...
... amount of the Capital . It is purely arbitrary . Senator RADCLIFFE . Your reserve , then , is not based at all upon the amount of the risk ? Mr. BARKER . Oh , no . We limit it . We say the risk shall be 20 times the amount of the ...
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