Creation of a System of Federal Home Loan Banks: Hearings Before a Subcommittee of the Committee on Banking and Currency, House of Representatives, Seventy-second Congress, First Session, on H.R. 7620, a Bill to Create Federal Home Loan Banks, to Provide for the Supervision Thereof and for Other Purposes. March 16, 17, 18, 21, 22, 23, 24, 25, 28, 29, 30, 1932. Printed for the Use of the Committee on Banking and Currency |
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Page 41
... WILLIAMS . Let me ask you in that connection if that is not true in our land bank system with reference to the farmer ? Mr. FRIEDLANDER . With reference to what ? Mr. WILLIAMS . Being subjected to a competitive system , about the land ...
... WILLIAMS . Let me ask you in that connection if that is not true in our land bank system with reference to the farmer ? Mr. FRIEDLANDER . With reference to what ? Mr. WILLIAMS . Being subjected to a competitive system , about the land ...
Page 42
... WILLIAMS . And the fact is it has not relieved the situation at all , materially , has it ? Mr. FRIEDLANDER . I would say that it has . I am not a critic of the farm land banks . Mr. WILLIAMS . Are you willing to place the reputation of ...
... WILLIAMS . And the fact is it has not relieved the situation at all , materially , has it ? Mr. FRIEDLANDER . I would say that it has . I am not a critic of the farm land banks . Mr. WILLIAMS . Are you willing to place the reputation of ...
Page 43
... Williams's question , but what about the intermediate credit banks ; there is something more behind that ? Mr. FRIEDLANDER . In the intermediate credit banks they have bonds behind them- Mr. WILLIAMS . Pardon me , but do I understand ...
... Williams's question , but what about the intermediate credit banks ; there is something more behind that ? Mr. FRIEDLANDER . In the intermediate credit banks they have bonds behind them- Mr. WILLIAMS . Pardon me , but do I understand ...
Page 44
... WILLIAMS . That ought to make it all the stronger . Mr. FRIEDLANDER . That is it . Mr. WILLIAMS . It ought to make the loan all the better . Mr. FRIEDLANDER . Yes ; that is the point I make . Mr. WILLIAMS . Can you account for the fact ...
... WILLIAMS . That ought to make it all the stronger . Mr. FRIEDLANDER . That is it . Mr. WILLIAMS . It ought to make the loan all the better . Mr. FRIEDLANDER . Yes ; that is the point I make . Mr. WILLIAMS . Can you account for the fact ...
Page 45
... WILLIAMS . I understand that ; that is the reason I am asking you . Mr. FRIEDLANDER . Yes . + Mr. WILLIAMS . You have to raise the funds that way . I am asking you , for the reason that you must raise the funds in that manner . Mr ...
... WILLIAMS . I understand that ; that is the reason I am asking you . Mr. FRIEDLANDER . Yes . + Mr. WILLIAMS . You have to raise the funds that way . I am asking you , for the reason that you must raise the funds in that manner . Mr ...
Common terms and phrases
50 per cent amendment amortized amount assets asso bank system BODFISH bonds borrow building and loan CAMPBELL capital Chairman CLARK collateral committee CONGRESS THE LIBRARY CROSSER deposits directors eligible ERMON fact farm loan Federal home loan Federal land bank Federal reserve act Federal reserve system foreclosures FRIEDLANDER funds gentlemen going Government HANCOCK home financing home loan bank home mortgage loans home owner home ownership houses institutions insurance companies investment judgment KARR legislation lend LIBRARY OF CONGRESS loan associations loan bank bill LUCE MACCHESNEY MADDEN ment Monks mutual savings banks MYLANDER Ohio paid payments President purpose question real-estate Reconstruction Finance Corporation rediscount REILLY RINDSFOOS ROQUE ROSENBAUM savings banks Senate hearings situation SMITH statement STICKEL subscribe suggestion supervision testimony thing tion to-day United unpaid principal WILLIAMS
Popular passages
Page 154 - That is not what I am talking about. I am talking about, for example, the Mad River, or the Naugatuck River, which are not navigable.
Page 8 - States and such guaranty shall be expressed on the face thereof, and such bonds 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 the authority or control of the United States or any officer or officers thereof.
Page 8 - Any member appointed to fill a vacancy in the board occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term.
Page 31 - States, and a bill embodying such compromise was presented to the Committee on Banking and Currency of the House of Representatives on...
Page 8 - Such drafts or bills may be acquired by Federal Reserve Banks in such amounts and subject to such regulations, restrictions, and limitations as may be prescribed by the Federal Reserve Board...
Page 8 - Examination, consisting of seven members, one to serve for one year, one for two years, one for three years, one for four years, one for five years, one for six years and one for seven years, and the successors of each for the term of seven years, who shall be physicians in good standing in their profession, representation to be given...
Page 9 - Whoever makes any statement knowing it to be false or whoever willfully overvalues any security for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release or substitution of security therefor, or for the purpose of influencing in any way...
Page 10 - Issued or purporting to have been issued by the corporation, or (4) passes, utters or publishes, or attempts to pass, utter or publish, as true any falsely altered or spurious...
Page 9 - The Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 23 - The committee will adjourn until 2 o'clock. (Whereupon, at 12.05 o'clock pm, an adjournment was taken until 2 o'clock pm, of the same day.) AFTER RECESS The committee reconvened at 2 o'clock pm, pursuant to the taking of recess.