Farm Credit Act of 1940: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-sixth Congress, Third Session, on S.3509, a Bill to Reduce Permanently the Interest Rates on Federal Land Bank and Land Bank Commissioner Loans; to Relieve Federal Land Bank Borrowers of Stock Liability; to Place the Federal Land Banks on a Self-supporting Basis; to Refund and Guarantee the Bonds of Such Banks; to Increase the Functions and Responsibilities of National Farm-loan Associations and County Committees of Farmers; to Provide for the Adjustment and Refinancing of Farm-mortgage Debts; to Limit the Institution of Foreclosure Proceedings and the Taking of Deficiency Judgments; and for Other Purposes, May 7, 8, 9, 10, 16, 17, and June 7, 1940 |
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... Secretary of Agriculture , Washington , D. C. 269 EXHIBITS Copy of bill , S. 3509 .. Letter addressed to Hon . James F. Byrnes by Secretary Wallace in reply to questions submitted by Senator Taft . Statement submitted by Governor Black ...
... Secretary of Agriculture , Washington , D. C. 269 EXHIBITS Copy of bill , S. 3509 .. Letter addressed to Hon . James F. Byrnes by Secretary Wallace in reply to questions submitted by Senator Taft . Statement submitted by Governor Black ...
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... Secretary of the Treasury , which may reasonably be expected to reimburse the Federal land bank , or such Corporation , as the case may be , for the cost to it of the capital required for such loans , plus 1 per centum per annum for ...
... Secretary of the Treasury , which may reasonably be expected to reimburse the Federal land bank , or such Corporation , as the case may be , for the cost to it of the capital required for such loans , plus 1 per centum per annum for ...
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... Secretary of the Treasury shall pay to such bank or to the Corporation the amount of such excess . There is hereby authorized to be appropriated , out of any money in the Treasury not otherwise appropriated , for each fiscal year prior ...
... Secretary of the Treasury shall pay to such bank or to the Corporation the amount of such excess . There is hereby authorized to be appropriated , out of any money in the Treasury not otherwise appropriated , for each fiscal year prior ...
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... Secretary of the Treasury shall pay to the banks and to the Corporation the amount by which during any quarter prior to July 1 , 1946 , the interest payable by the bank or the Corporation on its outstanding obligations exceeds 2 percent ...
... Secretary of the Treasury shall pay to the banks and to the Corporation the amount by which during any quarter prior to July 1 , 1946 , the interest payable by the bank or the Corporation on its outstanding obligations exceeds 2 percent ...
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... Secretary of the Treasury , the interest rates . at which loans would be made during the ensuing quarter . The lend- . ing rates thus fixed are to be rates which may reasonably be expected to reimburse the lending bank or the ...
... Secretary of the Treasury , the interest rates . at which loans would be made during the ensuing quarter . The lend- . ing rates thus fixed are to be rates which may reasonably be expected to reimburse the lending bank or the ...
Common terms and phrases
agency agriculture amended amount approval asso authority basis bill BLACK board of directors borrower committee Congress cooperative features cost credit system deferments deficiency judgments delinquencies DICKINSON district dividends effect elected extensions Farm Credit Administration farm credit system Farm Loan Act farm loan bonds Farm Mortgage Corporation farmers Federal Farm Loan Federal Farm Mortgage Federal land bank foreclosure Goss Government Governor guaranteed income indebtedness installment dates interest rates interest reduction June 30 Land Bank Commissioner land-bank loans land-bank system loan associations losses ment mortgage loans national farm national farm-loan associations National Farmers Union operation organization outstanding paid paid-in surplus partial release percent period present principal purchase rate of interest reamortization reduced refinancing registrar Secretary WALLACE Senator BANKHEAD Senator BYRNES Senator FRAZIER Senator HUGHES Senator LA FOLLETTE Senator MILLER Senator TOBEY Senator WHEELER SHORT statement Subrogation tion Treasury United
Popular passages
Page 2 - 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 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 126 - Corporation have been reduced during the fiscal year 1941, and prior thereto, in accordance with the provisions of section 32 of the Emergency Farm Mortgage Act of 1933...
Page 114 - ... and no payment of the principal portion of any installment of any such loan shall be required during such five-year period if the borrower shall not be in default with respect to any other condition or covenant of his mortgage.
Page 285 - All obligations issued by the Authority shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under authority or control of the United States or of any officer or officers thereof.
Page 3 - Governor is authorized to make such rules and regulations as may be necessary for carrying out the provisions of this section.
Page 2 - Treasury may, at any time, sell any of the bonds acquired by him under this section. All redemptions, purchases, and sales by the Secretary of the Treasury of such bonds shall be treated as public-debt transactions of the United States. No such bonds shall be issued in excess of the assets of the...
Page 285 - Such obligations shall be in such forms and denominations, shall have such maturities, shall bear such rates of interest, shall be subject to such terms and conditions, and shall be issued in such manner and sold at such prices as may be prescribed by the Commodity Credit Corporation, with the approval of the Secretary of the Treasury.
Page 295 - TO AMEND SEC. 18. (a) The right to alter, amend, or repeal this Act, or any part thereof, is expressly reserved. (b) Any provision of the Federal Farm Loan Act, as amended, the Emergency Farm Mortgage Act of 1933, as amended, or other law, inconsistent with the provisions of this Act, is hereby repealed.
Page 152 - ... something of that kind passed — at least I am — in order to restore purchasing power to the farmer and to give him an income and a profit. (The additional data requested of the witness will, when furnished, be inserted in the record at this point.) THE NATIONAL GRANGE, Columbus, Ohio, May 13, 1940. Hon. ROBERT F. WAGNER, Chairman, Banking and Currency Committee, United States Senate, Washington, DC SUGGESTED CORRECTIVE AMENDMENTS DEAR SENATOR WAGNER: In response to the request of Acting Chairman...