Emergency Credit Extension to Farmers in Disaster Areas: Hearing Before the Subcommittee on Conservation and Credit ... Eighty-fifth Congress, Second Sesson, on H.R. 10158, H.R. 10317 ... March 7, 1958United States. Congress. House. Committee on Agriculture, United States. Congress. House. Committee on Agriculture. Subcommittee on Conservation and Credit U.S. Government Printing Office, 1958 - 50 pages |
From inside the book
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Page 2
... give the borrower a chance to improve his situation . Loans shall bear interest at the rate of 5 per centum per annum and shall be made upon such other terms and conditions as the Secretary shall prescribe . Loans exceeding $ 50,000 or ...
... give the borrower a chance to improve his situation . Loans shall bear interest at the rate of 5 per centum per annum and shall be made upon such other terms and conditions as the Secretary shall prescribe . Loans exceeding $ 50,000 or ...
Page 6
... is held invalid , the application of any provi- sion to other persons or under other circumstances shall be valid and remain in full force and effect . Mr. POAGE . At this time I want to give 6 EMERGENCY CREDIT TO FARMERS.
... is held invalid , the application of any provi- sion to other persons or under other circumstances shall be valid and remain in full force and effect . Mr. POAGE . At this time I want to give 6 EMERGENCY CREDIT TO FARMERS.
Page 7
... give Congressman Smith an op- portunity to say a few words because he has to go to a committee meet- ing of his own . STATEMENT OF HON . FRANK E. SMITH , A REPRESENTATIVE IN CONGRESS OF THE THIRD DISTRICT OF THE STATE OF MISSIS- SIPPI ...
... give Congressman Smith an op- portunity to say a few words because he has to go to a committee meet- ing of his own . STATEMENT OF HON . FRANK E. SMITH , A REPRESENTATIVE IN CONGRESS OF THE THIRD DISTRICT OF THE STATE OF MISSIS- SIPPI ...
Page 9
... give him some credit to buy these parts . Last year he got all of the credit he could from every place he could , but he has exhausted his credit . He may have 20 to 50 customers , and those EMERGENCY CREDIT TO FARMERS 9.
... give him some credit to buy these parts . Last year he got all of the credit he could from every place he could , but he has exhausted his credit . He may have 20 to 50 customers , and those EMERGENCY CREDIT TO FARMERS 9.
Page 10
... give service on credit . But those people are the type of people that need this credit badly . This bill that I have introduced , H. R. 10954 , would provide for the Secretary of Agriculture to make the money available to banks , to ...
... give service on credit . But those people are the type of people that need this credit badly . This bill that I have introduced , H. R. 10954 , would provide for the Secretary of Agriculture to make the money available to banks , to ...
Common terms and phrases
advances amended Arkansas bank borrower business firms centum Chairman committee creditors crop debts Department of Agriculture disaster areas district Eighty-first Congress emergency credit emergency loans enacted Farm Credit Administration farmers and stockmen Farmers Home Administration farmers in disaster farming operations fellow financing floods GATHINGS Government HAGEN HANSEN HARRISON indebtedness insured loans interest JOHNSON King Ranch landlord Lee County legislation lending agencies Liberty Bond liquidations of loans loans to corporations loans to farmers losses maturities comparable McINTIRE mortgage O'HARA open accounts outstanding marketable obligations percent POAGE problem Production Credit Public Law 38 Public Law 875 purposes question rain repayments and liquidations revolving fund ROGERS ROSS BASS Secretary of Agriculture Senate sharecropping situation Small Business Administration SMITH southeast Missouri statement talking Thank thing tion Treasury trying type of loan unsecured unsecured debts yield of outstanding
Popular passages
Page 3 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 7 - Issued hereunder, and, for that purpose, the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which such securities may be issued under such Act, as amended, are extended to include the purchase of notes issued by the Administrator.
Page 7 - Such notes shall be in such form and denominations and have such maturities and be subject to such terms and conditions as may be prescribed by the Secretary with the approval of the Secretary of the Treasury. Such notes...
Page 7 - The Secretary of the Treasury is authorized and directed to purchase any notes of the Secretary issued hereunder, and for that purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which...
Page 7 - Such notes shall bear interest at a rate fixed by the Secretary of the Treasury, taking into consideration the current average market yields of outstanding marketable obligations of the United States having maturities comparable to the notes issued by the Secretary under this title.
Page 7 - Secretary with the approval of the Secretary of the Treasury. Such notes shall bear interest at a rate fixed by the Secretary of the Treasury, taking into consideration the current average market yield...
Page 5 - Be it enacted by the Senate and House of Representatives of the Vnited States of America in Congress assembled, That this Act may be cited as the Bank Holding Company Act of 1947.
Page 34 - Secretary deems appropriate, for the repayment thereof in not more than 30 years, with interest at the average rate, as determined by the Secretary of the Treasury, payable by the Treasury on its marketable public obligations outstanding at the beginning of the fiscal year in which the loan is made, which are neither due nor callable for redemption for 15 years from date of issue.
Page 3 - Act, as amended, and the purposes for which such securities may be issued under such Act, as amended, are hereby extended to include any such purchases. All redemptions...
Page 2 - ... been adversely affected by drought continuing over at least two years or other natural disaster particularly affecting livestock production, loans may be made to established producers and feeders of cattle, sheep, and goats (not including the operators of commercial feed lots) who have good records of operations, but are unable temporarily to get the credit they need for continuing sound operations from recognized lenders, and who have a reasonable chance of working out of their difficulties...