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 8
... percent of these applications had either been closed or approved . Those which have been closed into loans aggregate $ 210,000,000 . In addition , we have approved loan appli- cations aggregating $ 655,000,000 . The CHAIRMAN . And ...
... percent of these applications had either been closed or approved . Those which have been closed into loans aggregate $ 210,000,000 . In addition , we have approved loan appli- cations aggregating $ 655,000,000 . The CHAIRMAN . And ...
Page 10
... percent bonds could not be sold for par . We felt convinced that the creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . There- fore , we have borrowed on the bonds and have ...
... percent bonds could not be sold for par . We felt convinced that the creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . There- fore , we have borrowed on the bonds and have ...
Page 11
... percent of the total . On that 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 ...
... percent of the total . On that 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 ...
Page 12
... percent of the value of the farm property ; and , the law also said normal value . If you desire to have me emphasize how we arrived at the normal value I will be glad to do so . But , anyway , we adopted a program for de- termining the ...
... percent of the value of the farm property ; and , the law also said normal value . If you desire to have me emphasize how we arrived at the normal value I will be glad to do so . But , anyway , we adopted a program for de- termining the ...
Page 13
... percent ; that would be $ 4,000 ; and a commissioner's loan of the additional 25 percent , which would be another $ 2,000 . In order to get that $ 8,000 valuation we have capitalized net income , we will say , on a basis of 6 percent ...
... percent ; that would be $ 4,000 ; and a commissioner's loan of the additional 25 percent , which would be another $ 2,000 . In order to get that $ 8,000 valuation we have capitalized net income , we will say , on a basis of 6 percent ...
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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