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 1
We have met for the consideration of H.R. 6670 which has for its purpose in the main the guaranteeing of the principal of the Emergency Land Bank bonds . I have asked the Farm Credit Administration to make an explanation of its purposes ...
We have met for the consideration of H.R. 6670 which has for its purpose in the main the guaranteeing of the principal of the Emergency Land Bank bonds . I have asked the Farm Credit Administration to make an explanation of its purposes ...
Page 2
Such bonds shall be fully and unconditionally guaranteed both as to interest and principal by the United States , and such guaranty shall be expressed on the face thereof , and shall , on account of such guaranty , be lawful investments ...
Such bonds shall be fully and unconditionally guaranteed both as to interest and principal by the United States , and such guaranty shall be expressed on the face thereof , and shall , on account of such guaranty , be lawful investments ...
Page 6
These bonds will be fully and unconditionally guaranteed as to interest and principal by the United States , and on account of such guaranty shall be lawful investments , and may be accepted as security , for all fiduciary , trust , and ...
These bonds will be fully and unconditionally guaranteed as to interest and principal by the United States , and on account of such guaranty shall be lawful investments , and may be accepted as security , for all fiduciary , trust , and ...
Page 8
... in the Farm Credit Administration merely gives a device whereby we may issue $ 2,000,000,000 in bonds , the interest and principal of which will be guaranteed by the United States , to continue the mortgage refinancing program .
... in the Farm Credit Administration merely gives a device whereby we may issue $ 2,000,000,000 in bonds , the interest and principal of which will be guaranteed by the United States , to continue the mortgage refinancing program .
Page 10
We felt convinced that the creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . Therefore , we have borrowed on the bonds and have paid cash , believing that we would get a ...
We felt convinced that the creditor would want to discount the principal of these bonds more than in our judgment , the facts warranted . Therefore , we have borrowed on the bonds and have paid cash , believing that we would get a ...
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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