Proposed Repeal of the Federal Home Loan Bank Act: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-third Congress, First Session, on S.6, a Bill to Repeal an Act Entitled "An Act to Create Federal Home-loan Banks, to Provide for the Supervision Thereof, and for Other Purposes", Approved July 22, 1932. Part 1 [-2] March 22 and 23 [29] 1933, Volumes 1-2 |
From inside the book
Results 1-5 of 46
Page 9
... reason why it should not be adopted . s to section 2- Senator TOWNSEND . Are you reading from the House bill or the ate bill ? Mr. FRIEDLANDER . I am reading from the House bill . As to sec- 12 , our thought has been that the change in ...
... reason why it should not be adopted . s to section 2- Senator TOWNSEND . Are you reading from the House bill or the ate bill ? Mr. FRIEDLANDER . I am reading from the House bill . As to sec- 12 , our thought has been that the change in ...
Page 10
... reason that it interlocks with the additional reason that we do not see any reason for it , as I will try to develop in the second reason , except the tendency to concentrate , perhaps , more power in the board at Washington . There is ...
... reason that it interlocks with the additional reason that we do not see any reason for it , as I will try to develop in the second reason , except the tendency to concentrate , perhaps , more power in the board at Washington . There is ...
Page 11
... reason , if we were starting the system anew , y the set - up should be any different from the Federal Reserve bank -up . Mr. FRIEDLANDER . On the basis of the argument that has been de for this proposal , I do not think that it is very ...
... reason , if we were starting the system anew , y the set - up should be any different from the Federal Reserve bank -up . Mr. FRIEDLANDER . On the basis of the argument that has been de for this proposal , I do not think that it is very ...
Page 12
... reason . It will establish a rather bad precedent that may retard the develop- ment of those institutions . I think one argument is just as logical as the other . As you know , the act ultimately calls for the retirement of Government ...
... reason . It will establish a rather bad precedent that may retard the develop- ment of those institutions . I think one argument is just as logical as the other . As you know , the act ultimately calls for the retirement of Government ...
Page 14
... reason that a greater volume of insured mortgages has not been developed up to this time has been due to the fact that there are no national mortgage associations , no place to discount these in- sured mortgages . This opens a way for ...
... reason that a greater volume of insured mortgages has not been developed up to this time has been due to the fact that there are no national mortgage associations , no place to discount these in- sured mortgages . This opens a way for ...
Common terms and phrases
Administrator agency AHEY amendment amortized amount applications appraisal bank system BARKLEY BODFISH bonds building and loan CATLETT committee Congress course debentures DELANO delinquent directors district FAHEY farm Farm Credit Administration Federal Home Loan Federal Housing Administration Federal Reserve Federal Savings filed financing FRIEDLANDER funds Government HOAGLAND Home Loan Bank home mortgage Home Owners House bill Insurance Corporation interest investment lending Loan Act loan associations Loan Bank Act Loan Bank Board Loan Corporation Loan League March 21 matter ment MOFFETT National Housing Act nator operation organization payments percent premium proposed purchase question Reconstruction Finance Corporation record regional office RUSSELL Satisfactory in present savings and loan SCHWELLENBACH Sena Senator BANKHEAD Senator BULKLEY Senator GORE Senator MCADOO Senator STEIWER SSELL State-chartered institutions subsection supervision thereof thing tion United States Building UNITED STATES SENATE Washington
Popular passages
Page 161 - ... means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby.
Page 52 - ... makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or...
Page 7 - States (USC, title 18, ch. 5, sees. 202 to 207, inclusive), insofar as applicable, are extended to apply to contracts or agreements with the corporation under this act, which for the purposes hereof shall be held to include loans, advances, extensions and renewals thereof, and acceptances, releases, and substitutions of security therefor, purchases or sales of assets, and all contracts and agreements pertaining to the same.
Page 50 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 249 - Administrator is authorized to fix a premium charge for the insurance of mortgages under this title but in the case of any mortgage such charge shall not be less than an amount equivalent to one-half of 1 per centum per annum nor more than an amount equivalent to 1 per centum per annum of the amount of the principal obligation of the mortgage outstanding at any time, without taking into account...
Page 52 - The provisions of sections 112, 113, 114, 115, 116, and 117 of the Criminal Code of the United States (USC, title 18, sees.
Page 251 - No insurance shall be granted under this section to any such financial institution with respect to any obligation representing any such loan, advance of credit, or purchase by it (1) unless the loan bears such interest, has such maturity, and contains such other terms, conditions, and restrictions, as the Administrator shall prescribe...
Page 52 - Issued or purporting to have been issued by the corporation, or (4) passes, utters or publishes, or attempts to pass, utter or publish, as true any falsely altered or spurious...
Page 52 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Page 161 - mortgage 'means a first mortgage on real estate, in fee simple, or on a leasehold (1) under a lease for not less than ninety-nine years which is renewable; or (2) under a lease having a period of not less than fifty years to run from the date the mortgage was excuted ; and the term 'first mortgage...