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
When loans have been approved , we have not sold bonds on the market from the $ 2,000,000,000 authorization to get funds to pay the borrowers , for reasons you well understand . It has been impossible , because of conditions which were ...
When loans have been approved , we have not sold bonds on the market from the $ 2,000,000,000 authorization to get funds to pay the borrowers , for reasons you well understand . It has been impossible , because of conditions which were ...
Page 9
Do I understand you are making a provision to take up Federal land - bank bonds , to take the cash from the bonds and buy any outstanding Federal land bank bonds ? Governor Myers . No. None of those land bank bonds authorized last May ...
Do I understand you are making a provision to take up Federal land - bank bonds , to take the cash from the bonds and buy any outstanding Federal land bank bonds ? Governor Myers . No. None of those land bank bonds authorized last May ...
Page 10
Mr. HOPE . No. Governor MYERS . No matter what the rate of interest on the bonds is , the rate of interest on the mortgages cannot be changed . Mr. HOPE . I understand that , but I was 10 FEDERAL FARM MORTGAGE CORPORATION.
Mr. HOPE . No. Governor MYERS . No matter what the rate of interest on the bonds is , the rate of interest on the mortgages cannot be changed . Mr. HOPE . I understand that , but I was 10 FEDERAL FARM MORTGAGE CORPORATION.
Page 11
I understand that , but I was just wondering if you felt that you could sell the bonds at an interest rate which would enable you to continue to make loans at the present rate of interest without loss to the Government ?
I understand that , but I was just wondering if you felt that you could sell the bonds at an interest rate which would enable you to continue to make loans at the present rate of interest without loss to the Government ?
Page 13
... you could get an appraisement of the land , with the result that we had difficulty in getting loans at all . Some of the commissioners , as I understand , took the position that the Federal land banks would first have to 34521-34_1 ...
... you could get an appraisement of the land , with the result that we had difficulty in getting loans at all . Some of the commissioners , as I understand , took the position that the Federal land banks would first have to 34521-34_1 ...
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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 |