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 39
... thing . There is another thing , too , about the Reconstruction Finance Corporation . They have adopted a policy of not making a loan for more than six months . I want to tell you , gentlemen , that the building and loan associations do ...
... thing . There is another thing , too , about the Reconstruction Finance Corporation . They have adopted a policy of not making a loan for more than six months . I want to tell you , gentlemen , that the building and loan associations do ...
Page 49
... thing further ; because your argu- ment is very interesting to me and very helpful . The CHAIRMAN . Mr. Hancock , let him finish , and then we will take that up . Mr. HANCOCK . I thought you said we would take CREATION OF A SYSTEM OF ...
... thing further ; because your argu- ment is very interesting to me and very helpful . The CHAIRMAN . Mr. Hancock , let him finish , and then we will take that up . Mr. HANCOCK . I thought you said we would take CREATION OF A SYSTEM OF ...
Page 54
... thing in the world with them . Mr. WILLIAMS . In other words , if he called on them now for it . the building and loan associations could not need it , just like the small banks , and it is to meet that emergency that you are asking ...
... thing in the world with them . Mr. WILLIAMS . In other words , if he called on them now for it . the building and loan associations could not need it , just like the small banks , and it is to meet that emergency that you are asking ...
Page 59
... thing I have in mind is this . I am interested in seeing the bor- rower get the benefit of this legislation , and not alone the stockholder in the member bank whose earnings or profit are regulated and should be dependent on proper ...
... thing I have in mind is this . I am interested in seeing the bor- rower get the benefit of this legislation , and not alone the stockholder in the member bank whose earnings or profit are regulated and should be dependent on proper ...
Page 60
... thing . Now , as to the matter of policy of being able to take the stocks and use them in liquidation of the debt , I do not think that is per- mitted in building and loan circles in any State that I know of . Mr. HANCOCK . I do not ...
... thing . Now , as to the matter of policy of being able to take the stocks and use them in liquidation of the debt , I do not think that is per- mitted in building and loan circles in any State that I know of . Mr. HANCOCK . I do not ...
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.