Activities and Organization of Lending Agencies of the Government, Volume 4 |
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Page xix
... reasons why the recommendation is made . In some instances where it seemed desirable , we have presented also the argument which might be given in support of a contrary view . We feel that our recommendations for discontinuance of RFC ...
... reasons why the recommendation is made . In some instances where it seemed desirable , we have presented also the argument which might be given in support of a contrary view . We feel that our recommendations for discontinuance of RFC ...
Page 17
... reason why it should perform this function even if the func- tion is a necessary one . There seem to have been two reasons why RFC was used ; one was the fact that its borrowing authority was already established and needed only to be ...
... reason why it should perform this function even if the func- tion is a necessary one . There seem to have been two reasons why RFC was used ; one was the fact that its borrowing authority was already established and needed only to be ...
Page 22
... reasons for having an RFC , but upon the following arguments for not permitting the existing agency to expire : * * " " 1. RFC , or an agency like it , may be needed in the future , should there again be national emergencies arising out ...
... reasons for having an RFC , but upon the following arguments for not permitting the existing agency to expire : * * " " 1. RFC , or an agency like it , may be needed in the future , should there again be national emergencies arising out ...
Page 24
... Reasons Why RFC Should Not Be Continued The present arguments for discontinuing RFC are generally the same as those ... reason for continuing the agency is the desire to take some of the severity out of future national emergencies . The ...
... Reasons Why RFC Should Not Be Continued The present arguments for discontinuing RFC are generally the same as those ... reason for continuing the agency is the desire to take some of the severity out of future national emergencies . The ...
Page 25
... reason to believe that the creation of a new agency would be more effective and less costly than the reorganization of an existing one . The Senate Banking and Currency Committee believes that RFC can keep its organization from ...
... reason to believe that the creation of a new agency would be more effective and less costly than the reorganization of an existing one . The Senate Banking and Currency Committee believes that RFC can keep its organization from ...
Common terms and phrases
accounting Adminis Agriculture amount appropriate authority Banking and Currency board of directors borrowers business enterprises capital funds capital stock charter Committee on Banking conducted continued Corporation's cost Credit Corporation Defense Homes Corporation direct lending discontinued disposal dividends Eightieth Congress equity established existence extensive Farm Credit Administration Farmers FDIC Federal Deposit Insurance Federal Government Federal home loan Federal Housing Administration Federal land banks Federal National Mortgage Federal Reserve banks Federal Reserve System Federal Works Agency functions Government's Home Administration Home Finance Agency Home Loan Bank Housing and Home institutions interest intermediate credit banks investment June 30 lending activities liquidation loan guaranty ment necessary obligations operations organization ownership paid payment percent present properties provisions Public Housing Administration Public Law purpose recommendation that RFC Reconstruction Finance Corporation repayment responsibility RFC Act secondary market self-sustaining basis subsidy supervision tion transferred Treasury Department United
Popular passages
Page 79 - In the appointment of officials and the selection of employees for said Corporation, and in the promotion of any such employees or officials, no political test or qualification shall be permitted or given consideration, but. all such appointments and promotions shall be given and made on the basis of merit and efficiency.
Page 78 - ... to sue and be sued, to complain and to defend, in any court of competent jurisdiction, State or Federal...
Page 78 - Whenever a vacancy shall occur among the members the person appointed to fill such vacancy shall hold office for the unexpired portion of the term of the member whose place he is selected to fill. Each of the members of the board...
Page 101 - ... percent of the balance outstanding at the time of disbursement, in those cases where the total amount borrowed is over $100,000.
Page 7 - It may not be necessary to use such an instrumentality very extensively. The very existence of such a bulwark will strengthen confidence.
Page 30 - System, may make loans to, or purchase obligations of, such business, or may make commitments with respect thereto, on a reasonable and sound basis, for the purpose of providing it with working capital, but no obligation shall be acquired or commitment made hereunder with a maturity exceeding five years.
Page 77 - ... to determine the necessity for and the character and amount of its expenditures and the manner in which they shall be incurred, allowed, paid and accounted for...
Page 79 - Treasury upon the basis of the current average rate on outstanding marketable obligations of the United States.
Page 78 - Agriculture, without cost to the telephone bank ; "(c) the telephone bank shall be subject to the provisions of the Government Corporation Control Act, as amended (31 USC 841, et seq. ) , in the same manner and to the same extent as if it were included in the definition of 'wholly owned Government corporation...
Page x - System, the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the Administrator of the National Credit Union Administration...