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 2
( b ) The corporation is further authorized to purchase from time to time , for cash , consolidated bonds of the twelve Federal land banks issued or to be issued under the provisions of the Federal Farm Loan Act , as amended , at such ...
( b ) The corporation is further authorized to purchase from time to time , for cash , consolidated bonds of the twelve Federal land banks issued or to be issued under the provisions of the Federal Farm Loan Act , as amended , at such ...
Page 4
... as amended , is further amended by adding the following after the semicolon at the end of such paragraph : “ To buy and sell bonds of the Federal Farm Mortgage Corporation having maturities from date of purchase of not exceeding six ...
... as amended , is further amended by adding the following after the semicolon at the end of such paragraph : “ To buy and sell bonds of the Federal Farm Mortgage Corporation having maturities from date of purchase of not exceeding six ...
Page 8
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 order to carry out the purposes of the emergency act ? Governor Myers .
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 order to carry out the purposes of the emergency act ? Governor Myers .
Page 9
Any further questions ? Mr. Hope . Governor Myers , at the time the farm mortgage bill was passed , last spring , it was contemplated that you would be able to exchange land - bank bonds for mortgages . Governor MYERS .
Any further questions ? Mr. Hope . Governor Myers , at the time the farm mortgage bill was passed , last spring , it was contemplated that you would be able to exchange land - bank bonds for mortgages . Governor MYERS .
Page 17
But please remember this : The Federal land banks are owned by the borrowers and it stands between the farmer who owes the debt or the mortgage and the bond holder ; and further , more , it does not have any funds out of which it can ...
But please remember this : The Federal land banks are owned by the borrowers and it stands between the farmer who owes the debt or the mortgage and the bond holder ; and further , more , it does not have any funds out of which it can ...
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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 |