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 4
... meeting the credit needs of eligible borrowers from the bank , and the amount of the capital stock and paid - in surplus of such bank may be increased or decreased from time to time by the Governor , in accordance with such needs .
... meeting the credit needs of eligible borrowers from the bank , and the amount of the capital stock and paid - in surplus of such bank may be increased or decreased from time to time by the Governor , in accordance with such needs .
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 8
Governor Myers . I am sure that everybody would prefer , to pay out cash if we could do that , but we have , however , a problem since the Government , in financing its program , needs its 8 FEDERAL FARM MORTGAGE CORPORATION.
Governor Myers . I am sure that everybody would prefer , to pay out cash if we could do that , but we have , however , a problem since the Government , in financing its program , needs its 8 FEDERAL FARM MORTGAGE CORPORATION.
Page 9
the Government , in financing its program , needs its cash for the purposes with which you are familiar . The CHAIRMAN . ... Is there prospect for the need of the additional funds for that purpose ? Governor MYERS .
the Government , in financing its program , needs its cash for the purposes with which you are familiar . The CHAIRMAN . ... Is there prospect for the need of the additional funds for that purpose ? Governor MYERS .
Page 14
If that is done there will be no need for an additional organization to refund the loans . If it can be worked out under the 75 - percent limitation it can be done with the same machinery which is operating for the land bank and obviate ...
If that is done there will be no need for an additional organization to refund the loans . If it can be worked out under the 75 - percent limitation it can be done with the same machinery which is operating for the land bank and obviate ...
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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 |