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 10
... basis . Mr. HOPE . You think you can sell these new bonds at a rate which will enable you to continue to make loans at the same rate of interest you now make them ? Governor MYERS . The rate of interest on the mortgages cannot be ...
... basis . Mr. HOPE . You think you can sell these new bonds at a rate which will enable you to continue to make loans at the same rate of interest you now make them ? Governor MYERS . The rate of interest on the mortgages cannot be ...
Page 11
... basis , 40 percent of the $ 2,000 , - 000,000 would be $ 800,000,000 . These figures which we are consider- ing here were based on the best possible estimate we could make . We thought they should be made high enough to permit the ...
... basis , 40 percent of the $ 2,000 , - 000,000 would be $ 800,000,000 . These figures which we are consider- ing here were based on the best possible estimate we could make . We thought they should be made high enough to permit the ...
Page 13
... basis of 6 percent . That would mean that we had found about $ 500 income . All right . Suppose now we take the combined loan , the $ 4,000 land - bank loan , on which he has to pay 5 - percent interest normally , plus 1 - percent ...
... basis of 6 percent . That would mean that we had found about $ 500 income . All right . Suppose now we take the combined loan , the $ 4,000 land - bank loan , on which he has to pay 5 - percent interest normally , plus 1 - percent ...
Page 14
... basis it takes a certain amount of appraisal work and a certain amount of what you might call red tape to see that the title is correct , and that takes time , of course , it is true . We believe , however , that the land banks are now ...
... basis it takes a certain amount of appraisal work and a certain amount of what you might call red tape to see that the title is correct , and that takes time , of course , it is true . We believe , however , that the land banks are now ...
Page 17
... basis as other land banks and with the same expeditious service ? Governor MYERS . No. Mr. HOPE . As the other banks . Governor MYERS . Of course , there are a number of reasons giving rise to this variation in amount . Among these are ...
... basis as other land banks and with the same expeditious service ? Governor MYERS . No. Mr. HOPE . As the other banks . Governor MYERS . Of course , there are a number of reasons giving rise to this variation in amount . Among these are ...
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Common terms and phrases
amended by inserting amended U.S.C. application appraisal approved Bank Commissioner loans Bank Commissioner's loans bill board of directors BOILEAU bonds for mortgages bonds issued bonds of equal borrowers capital cash CHAIRMAN creditor Emergency Farm Mortgage end thereof equal face value Farm Credit Act Farm Credit Administration Farm Loan Act farm loan bonds Farm Mortgage Act Farm Mortgage Corporation farmer Federal Farm Loan Federal Farm Mortgage Federal land bank FULMER GILCHRIST GLOVER Goss Government Governor MYERS guaranteed hereby HOPE HOVEY income indebtedness interest rate intermediate credit banks joint-stock land banks KLEBERG land bank bonds Land Bank Commissioner Land Bank Commissioner's land-bank loans Liberty Loan Act loans closed MARVIN JONES Mortgage Corporation bonds mortgage loans necessary paid paid-in surplus poration provisions purpose question Reconstruction Finance Corporation revolving fund scaling Secretary section 32 taxation tion title 12 TOBEY Treasury unconditionally guaranteed United Wichita bank