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 |
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Page 20
... millions of dollars in damages . The floods were the highest in 100 years at numerous points , and the waters rose many ... million to make these loans available to pay these accounts that are past due that were incurred during 1957. The ...
... millions of dollars in damages . The floods were the highest in 100 years at numerous points , and the waters rose many ... million to make these loans available to pay these accounts that are past due that were incurred during 1957. The ...
Page 22
... million . Public Law 875 as presently administered will not meet needs of this county . Recommend that refinancing be authorized on 1 to 5 years ' schedule . On December 5 , 1957 , Mr. Thomas Gist , chairman of the Lee County , Ark ...
... million . Public Law 875 as presently administered will not meet needs of this county . Recommend that refinancing be authorized on 1 to 5 years ' schedule . On December 5 , 1957 , Mr. Thomas Gist , chairman of the Lee County , Ark ...
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... million . I believe this is a serious mistake on the part of whoever is responsible . It is not my wish to burden the record with all of the letters and telegrams I have received , and I have selected these as indicative of the thinking ...
... million . I believe this is a serious mistake on the part of whoever is responsible . It is not my wish to burden the record with all of the letters and telegrams I have received , and I have selected these as indicative of the thinking ...
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... million as of June 30 , 1957. These are the only figures I have on repayment : $ 330 million of this has fallen due , and we have collected $ 300 million of it . The payment for 50 percent of maturity . We are carrying a reserve of our ...
... million as of June 30 , 1957. These are the only figures I have on repayment : $ 330 million of this has fallen due , and we have collected $ 300 million of it . The payment for 50 percent of maturity . We are carrying a reserve of our ...
Page 25
... million . I don't know whether that is the right figure or not . I could have put $ 200 million in . Mr. POAGE . What do you think we ought to put in ? Mr. JONES . That will have to be developed by EMERGENCY CREDIT TO FARMERS 25.
... million . I don't know whether that is the right figure or not . I could have put $ 200 million in . Mr. POAGE . What do you think we ought to put in ? Mr. JONES . That will have to be developed by EMERGENCY CREDIT TO FARMERS 25.
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...