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 5
We have used the bonds as collateral for borrowing from the Reconstruction Finance Corporation , and have obtained commitments of $ 150,000,000 . We have borrowed , therefore , on the security of those bonds in order to pay cash to the ...
We have used the bonds as collateral for borrowing from the Reconstruction Finance Corporation , and have obtained commitments of $ 150,000,000 . We have borrowed , therefore , on the security of those bonds in order to pay cash to the ...
Page 6
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 authorized to issue bonds ...
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 authorized to issue bonds ...
Page 7
The funds necessary to make this $ 600,000,000 of additional loans will be obtained from the sale or exchange of bonds issued by the Federal Farm Mortgage Corporation . Sections 10 , 11 , and 12 provide : ( 1 ) That the Federal Farm ...
The funds necessary to make this $ 600,000,000 of additional loans will be obtained from the sale or exchange of bonds issued by the Federal Farm Mortgage Corporation . Sections 10 , 11 , and 12 provide : ( 1 ) That the Federal Farm ...
Page 8
The mortgages obtained on such loans would be exchanged for these Government guaranteed bonds , and , therefore , the same type of bonds would be paid to the borrower who obtains a loan from the Land Bank Commissioner as is paid to land ...
The mortgages obtained on such loans would be exchanged for these Government guaranteed bonds , and , therefore , the same type of bonds would be paid to the borrower who obtains a loan from the Land Bank Commissioner as is paid to land ...
Page 11
They permit the refinancing of the more heavily involved farmer , and are helpful in obtaining the scaling down of excessive debts . Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them .
They permit the refinancing of the more heavily involved farmer , and are helpful in obtaining the scaling down of excessive debts . Thus , these loans make it possible for the good farmer to rearrange his debts so he can handle them .
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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 |