From inside the book
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Page 2
... issued under section 21 of the Federal Farm Loan Act , as amended , shall be issued in such amounts , in such forms and denominations , shall have such maturi- ties , shall bear such rates of interest , shall be subject to such terms ...
... issued under section 21 of the Federal Farm Loan Act , as amended , shall be issued in such amounts , in such forms and denominations , shall have such maturi- ties , shall bear such rates of interest , shall be subject to such terms ...
Page 5
... issued or held by such Cor- poration in an amount equal to the value of the property covered by such mortgage as agreed to by the Governor and such bank . Any losses or gains subsequently incurred or realized on account of the sale or ...
... issued or held by such Cor- poration in an amount equal to the value of the property covered by such mortgage as agreed to by the Governor and such bank . Any losses or gains subsequently incurred or realized on account of the sale or ...
Page 18
... issued to finance such loans at an average cost of approximately 2 percent would have to be considerably less than that term . In these circum- stances , it is apparent that such bonds would have to be refinanced , perhaps several times ...
... issued to finance such loans at an average cost of approximately 2 percent would have to be considerably less than that term . In these circum- stances , it is apparent that such bonds would have to be refinanced , perhaps several times ...
Page 19
... issued by the Federal land banks , it appears , would serve the following purposes under the bill : ( 1 ) Re- duce ... issuance of bonds for exchange purposes would be FARM CREDIT ACT OF 1940 19.
... issued by the Federal land banks , it appears , would serve the following purposes under the bill : ( 1 ) Re- duce ... issuance of bonds for exchange purposes would be FARM CREDIT ACT OF 1940 19.
Page 20
... issuance of additional bonds carrying the com- plete tax exemption carried by the existing bonds of the banks . Under the bill as drafted all the guaranteed bonds , whether issued for ex- change purposes or in refunding operations or ...
... issuance of additional bonds carrying the com- plete tax exemption carried by the existing bonds of the banks . Under the bill as drafted all the guaranteed bonds , whether issued for ex- change purposes or in refunding operations or ...
Common terms and phrases
agency agriculture amended amount approval asso authority basis bill BLACK board of directors borrower Commissioner loans 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 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 legislation loan associations losses ment mortgage loans national farm national farm-loan associations National Farmers Union operation organization outstanding paid paid-in surplus partial release period 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
Popular passages
Page 288 - 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 - Notwithstanding the provisions of section 32 of the Emergency Farm Mortgage Act of 1933, as amended...
Page 259 - Mr. MYLANDER. Mr. Chairman, and gentlemen of the committee; my name is Charles H. Mylander. I am vice president of the Huntington National Bank of Columbus, Ohio. For several years I have been a member of the committee on Federal legislation of the American Bankers' Association and it is in that capacity, as Mr.
Page 295 - First. To issue, subject to the approval of the Federal Farm Loan Board, and to sell farm loan bonds of the kinds authorized in this Act, to buy the same for its own account, and to retire the same at or before maturity.
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 295 - ... as security for a loan, examining and certifying the title thereof, and making, executing and recording the mortgage papers; and in addition may allow said agents not to exceed one-half of...
Page 287 - 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 287 - 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.