Farm Credit Legislation, Hearing Before ..., 76-3 on H.R. 8748 ..., March 7 to April 5, 19401940 - 515 pages |
From inside the book
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Page 11
... understand the Wheeler bill I am talking about is the one that provides for the cancelation of those loans that the Farm Credit has made out through the drought - stricken area . The CHAIRMAN . That is a different proposition . Mr ...
... understand the Wheeler bill I am talking about is the one that provides for the cancelation of those loans that the Farm Credit has made out through the drought - stricken area . The CHAIRMAN . That is a different proposition . Mr ...
Page 14
... understand you to say that the local associations would have more power under this bill ? Mr. BLACK . It would appear to me that they would be doing more things under this than they are at the moment . Mr. COFFEE . What interest would ...
... understand you to say that the local associations would have more power under this bill ? Mr. BLACK . It would appear to me that they would be doing more things under this than they are at the moment . Mr. COFFEE . What interest would ...
Page 16
... understand it , the commissioner loans would be made and amortized on the same principle and the same basis as the Federal land - bank loans and at the same rate of interest , and that the loans would be made for 75 percent of the value ...
... understand it , the commissioner loans would be made and amortized on the same principle and the same basis as the Federal land - bank loans and at the same rate of interest , and that the loans would be made for 75 percent of the value ...
Page 18
... understand it , would provide substan- tially that they could loan 75 percent of the value of the security . Mr ... understand it , you loan 50 percent on the land ? Mr. BLACK . Yes . Mr. ANDRESEN . Twenty percent on the buildings ? Mr ...
... understand it , would provide substan- tially that they could loan 75 percent of the value of the security . Mr ... understand it , you loan 50 percent on the land ? Mr. BLACK . Yes . Mr. ANDRESEN . Twenty percent on the buildings ? Mr ...
Page 20
... understand it , was whether or not a local association would be willing to merge with some other local association before they could get that service fee . Now , this bill provides one - quarter of 1 percent for servicing of the loan ...
... understand it , was whether or not a local association would be willing to merge with some other local association before they could get that service fee . Now , this bill provides one - quarter of 1 percent for servicing of the loan ...
Common terms and phrases
adjustment agency Agriculture amount ANDRESEN average bank system bankers basis BELL bill BLACK borrowers callable CHAIRMAN COFFEE committee Congress COOLEY cooperative features cost credit system debt deficiency judgments delinquent DICKERSON district DOXEY Farm Credit Administration farm loan Farm Mortgage Corporation farmers Federal Farm Mortgage Federal Government Federal land bank Federal land-bank system Federal Reserve System FERGUSON financing FLANNAGAN foreclosed foreclosure FULMER GILCHRIST going Goss Governor HOPE institution interest rates issue KLEBERG Land Bank Commissioner land-bank bonds land-bank loans legislation LEMKE lending loan associations losses Marvin Jones ment mortgage loans MURRAY MYLANDER national farm national farm-loan associations North Dakota operation outstanding PACE paid payments percent period PIERCE present production credit productive value question rate of interest reamortize refinancing Secretary WALLACE sell SHORT statement subsidy TABER THATCHER thing tion Treasury ZIMMERMAN
Popular passages
Page 2 - Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities 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 77 - The CHAIRMAN. The committee will come to order, please. We have with us this morning Mr.
Page 117 - Patten, we will be glad to hear you at this time. STATEMENT OF HON.
Page 145 - Every such mortgage shall contain an agreement providing for the repayment of the loan on an amortization plan by means of a fixed number of annual or semiannual installments...
Page 509 - Mid pleasures and palaces though we may roam, Be it ever so humble, there's no place like home; A charm from the sky seems to hallow us there, Which, seek through the world, is ne'er met with elsewhere. Home, home, sweet, sweet home! There's no place like home, oh, there's no place like home!
Page 2 - 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 2 - ... the bonds of the Corporation acquired by him under this section. All redemptions, purchases, and sales by the Secretary of the Treasury of the bonds of the Corporation shall be treated as publicdebt transactions of the United States. With the approval of the Secretary of the Treasury, the Corporation shall have power to purchase such bonds in the open market at any time and at any price.
Page 2 - 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 8 - SEC. 52. No officer, attorney, or other employee of the corporation shall, directly or indirectly, be the beneficiary of or receive any fee, commission, gift, or other consideration for or in connection with any transaction or business under this Act other than such salary, fee, or other compensation as he may receive as such officer, attorney, or employee. No member of a county committee established under section 42 shall knowingly make or join in making any certification prohibited by section 2...