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 1
The directors shall receive no additional compensation for their services as directors of the corporation , but may be allowed actual necessary traveling and subsistence expenses when engaged in the business of the corporation outside ...
The directors shall receive no additional compensation for their services as directors of the corporation , but may be allowed actual necessary traveling and subsistence expenses when engaged in the business of the corporation outside ...
Page 5
On January 1 , loans aggregating more than $ 655,000,000 were approved but not paid out , in addition to the amounts paid out . That amount was divided into approximately $ 406,000,000 of land - bank loans , approved but not closed ...
On January 1 , loans aggregating more than $ 655,000,000 were approved but not paid out , in addition to the amounts paid out . That amount was divided into approximately $ 406,000,000 of land - bank loans , approved but not closed ...
Page 6
No additional capital is contemplated . Section 4 : In order to enable the Federal land banks and the Land Bank Commissioner to obtain the necessary funds for the continuation of their lending operations , the corporation will be ...
No additional capital is contemplated . Section 4 : In order to enable the Federal land banks and the Land Bank Commissioner to obtain the necessary funds for the continuation of their lending operations , the corporation will be ...
Page 7
That is , this section limits the issuance of additional bonds from the $ 2,000,000,000 authorized by the Emergency Farm Mortgage Act of 1933 , on which the interest only was guaranteed by the United States .
That is , this section limits the issuance of additional bonds from the $ 2,000,000,000 authorized by the Emergency Farm Mortgage Act of 1933 , on which the interest only was guaranteed by the United States .
Page 8
In addition , we have approved loan applications aggregating $ 655,000,000 . The CHAIRMAN . And through this proposal you expect to be able to make further loans when the bonds are made available ? Governor MYERS . Yes . The CHAIRMAN .
In addition , we have approved loan applications aggregating $ 655,000,000 . The CHAIRMAN . And through this proposal you expect to be able to make further loans when the bonds are made available ? Governor MYERS . Yes . The CHAIRMAN .
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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 |