Study of Reconstruction Finance Corporation. Hearings Before a Subcommittee of ..., 81:2 1950- |
Common terms and phrases
agency manager amount appraisal approved assets bail-out Bank of America basis believe Board of Directors BOHANNON BONE borrower borrower's business loans carbon paper Chairman collateral CONSIDINE Corp correct cost creditors deferred participation delinquent disbursed discussed DODDS earnings equity capital examiner files Fort Lauderdale funds GILBERT guaranty GUNDERSON HAGERTY HISE Jacksonville June 30 KAISER Kaiser-Frazer lending letter LEWIS loan agency loan application loans authorized Loans Division matter ment months mortgage National Bank Northwest Airlines operations paid payment percent plant public interest purchased question reason recommended RECONSTRUCTION FINANCE CORPORATION record refinancing repayment review committee RFC loan Ribbonwriter ROBERTSON secured Senator BRICKER Senator CAPEHART Senator DOUGLAS Senator FULBRIGHT Skiles small business statement subcommittee talking Texmass thing tion Washington examiner Washington office WILLETT YOUNG
Popular passages
Page 425 - ... of such sound value or so secured as reasonably to assure retirement or repayment...
Page 508 - Investigation, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board. The four named regulators of financial institutions are referred to herein as the "Supervisory Agencies.
Page 481 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Page 215 - THEREFORE, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable considerations...
Page 426 - ... Public Law 548, approved May 25, 1948, used the last expression quoted. The original language (fully and adequately secured) was borrowed from the legislation which set up the War Finance Corporation in 1918. As amended, that act contained a clarification of the meaning of these words. It specified that there should be a margin of security ranging from 25 to 33% percent in excess of the amount of a loan. RFC interpreted the same language in its original charter to have the same significance....
Page 507 - More recently, the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the executive committee of the National Association of Supervisors of State Banks have collectively taken steps to urge the curtailment of all loans either to individuals or businesses for speculation in real estate, commodities, or securities.
Page 713 - Washington, DC The subcommittee met, pursuant to recess, at 10 am, in room 457, Senate Office Building, Senator J.
Page 800 - ... that the best thing that could happen to this country would be the demise of the RFC in toto.
Page 360 - tie-in" sale, in that while the bank puts out all the money ($100,000 in this case), and takes the borrower's note for this amount, it risks only $25,000 on the credit of the borrower and the balance of $75,000 on * the obligation of the Government to purchase from the bank $75,000 of the loan on 10 days
Page 217 - ... instrument. In witness whereof, the parties hereto have caused this instrument to be signed and attested in quadruplicate by their officers thereunto duly authorized as of the day and year first above written.