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 6
If it meets with your approval I would like to make a general statement on the sections of the bill and come back , after I have completed , and answer any questions that may be asked insofar as I can . The CHAIRMAN .
If it meets with your approval I would like to make a general statement on the sections of the bill and come back , after I have completed , and answer any questions that may be asked insofar as I can . The CHAIRMAN .
Page 7
These subscriptions will be made in such amounts as the Governor may determine are necessary , in order to meet the credit needs of eligible borrowers from those institutions . Section 15 would authorize any Federal Reserve bank to buy ...
These subscriptions will be made in such amounts as the Governor may determine are necessary , in order to meet the credit needs of eligible borrowers from those institutions . Section 15 would authorize any Federal Reserve bank to buy ...
Page 10
We are now prepared to close loans at the rate of $ 150,000,000 a month , as long as necessary to meet the farm debt situation . Mr. HOPE . Did you ever take it up with insurance companies and other companies handling bond matters and ...
We are now prepared to close loans at the rate of $ 150,000,000 a month , as long as necessary to meet the farm debt situation . Mr. HOPE . Did you ever take it up with insurance companies and other companies handling bond matters and ...
Page 11
Governor MYERS . It is just permissive . I do not know that $ 800,000,000 of Commissioner's loans will be needed , but we would like to be able to use that much if necessary to meet the situation . Mr. HOPE .
Governor MYERS . It is just permissive . I do not know that $ 800,000,000 of Commissioner's loans will be needed , but we would like to be able to use that much if necessary to meet the situation . Mr. HOPE .
Page 13
The result in the case I have just mentioned would be that we would have to cut that loan down a little bit so that he could , in normal times , have enough income to meet the demands which are certain to follow .
The result in the case I have just mentioned would be that we would have to cut that loan down a little bit so that he could , in normal times , have enough income to meet the demands which are certain to follow .
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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 |