Federal Farm Mortgage Corporation: Hearing Before the Committee on Agriculture, House of Representatives, Seventy-third Congress, Second Session on H.R. 6670, January 10, 1934 |
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Page 5
We have used the bonds as collateral for borrowing from the Reconstruction Finance Corporation , and have obtained commitments of $ 150,000,000 . We have borrowed , therefore , on the security of those bonds in order to pay cash to the ...
We have used the bonds as collateral for borrowing from the Reconstruction Finance Corporation , and have obtained commitments of $ 150,000,000 . We have borrowed , therefore , on the security of those bonds in order to pay cash to the ...
Page 6
The demands upon the Government for cash are such that the administration deemed it advisable and necessary for us to attempt to finance the loan program by the use of bonds instead of cash , and the purpose of this bill is to make ...
The demands upon the Government for cash are such that the administration deemed it advisable and necessary for us to attempt to finance the loan program by the use of bonds instead of cash , and the purpose of this bill is to make ...
Page 8
The first use of that $ 2,000,000,000 would be to refund the bonds which have been issued under the act of last May and which have been given to the Reconstruction Finance Corporation as collateral for loans .
The first use of that $ 2,000,000,000 would be to refund the bonds which have been issued under the act of last May and which have been given to the Reconstruction Finance Corporation as collateral for loans .
Page 9
the Government , in financing its program , needs its cash for the purposes with which you are familiar . ... the notes which were formerly discounted for them by the Reconstruction Finance Corporation were transferred to the ...
the Government , in financing its program , needs its cash for the purposes with which you are familiar . ... the notes which were formerly discounted for them by the Reconstruction Finance Corporation were transferred to the ...
Page 22
Mr. Fulmer , I believe the funds that they have used in buying their bonds are the funds that they have obtained from the Reconstruction Finance Corporation , which is one of the sources of funds , and not those made available to the ...
Mr. Fulmer , I believe the funds that they have used in buying their bonds are the funds that they have obtained from the Reconstruction Finance Corporation , which is one of the sources of funds , and not those made available to the ...
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Common terms and phrases
able actually additional agricultural amended amount application approved approximately authorized believe bill BOILEAU bonds borrowers capital carry cash CHAIRMAN changed closed Commissioner's loans committee course Credit Act creditor deal debt desire determine difference difficulty directors District Emergency exchange extent Farm Credit Administration farm loan Farm Mortgage Act Farm Mortgage Corporation farmer Federal Farm Mortgage Federal land bank figures Finance FULMER funds further giving GLOVER Goss Government Governor MYERS guaranteed handle held HOPE Hovey income indebtedness interest issued January joint-stock land banks KLEBERG Land Bank Commissioner limitations Loan Act meet months necessary needs normal obtained officers operations paid passed percent period position possible present principal production provisions purchase question receive reduced reference refinancing scaling Secretary sell situation thereof thing tion Treasury understand United Wichita
Bibliographic information
| Title | Federal Farm Mortgage Corporation: Hearing Before the Committee on Agriculture, House of Representatives, Seventy-third Congress, Second Session on H.R. 6670, January 10, 1934 |
| Author | United States. Congress. House. Committee on Agriculture |
| Publisher | U.S. Government Printing Office, 1934 |
| Original from | University of Minnesota |
| Digitized | 15 Aug 2014 |
| Length | 27 pages |
| Export Citation | BiBTeX EndNote RefMan |