Amending Federal Home Loan Bank Act of 1933 a Amended, Hearing Before the Subcommittee of ..., 78-2 on S. 756, S. 757, and S. 1034 ..., May 23, 1944 |
From inside the book
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Page 3
... desirable measure at this time , and is authorized to state that the Bureau of the Budget has no objection to the submission of these views . Sincerely yours , JOHN B. BLANDFORD , Jr. , Administrator . Hon . ROBERT F. WAGNER , TREASURY ...
... desirable measure at this time , and is authorized to state that the Bureau of the Budget has no objection to the submission of these views . Sincerely yours , JOHN B. BLANDFORD , Jr. , Administrator . Hon . ROBERT F. WAGNER , TREASURY ...
Page 5
... desirable . The insurance protection thus authorized is designed to promote and retain confidence on the part of members of the investing public who have placed their savings in institutions of the savings and loan type . So long as a ...
... desirable . The insurance protection thus authorized is designed to promote and retain confidence on the part of members of the investing public who have placed their savings in institutions of the savings and loan type . So long as a ...
Page 19
... desirable from the standpoint of the public interest if they were insured . With some of them at least the premium cost has been a deterrent factor . There are reasons to believe that with the readjustment of the rate there will be a ...
... desirable from the standpoint of the public interest if they were insured . With some of them at least the premium cost has been a deterrent factor . There are reasons to believe that with the readjustment of the rate there will be a ...
Page 23
... desirable to have that 5 percent now , but it takes time for it to accumulate , and I suppose the question arises as to how far the operations of today should be taxed for that purpose , rather than having the accumulation spread over a ...
... desirable to have that 5 percent now , but it takes time for it to accumulate , and I suppose the question arises as to how far the operations of today should be taxed for that purpose , rather than having the accumulation spread over a ...
Page 29
... desirable in the public interest . The objectionable provisions of the above - mentioned bills to which the Board wishes to call attention are ( 1 ) the provision in S. 756 which would authorize the Secretary of the Treasury to purchase ...
... desirable in the public interest . The objectionable provisions of the above - mentioned bills to which the Board wishes to call attention are ( 1 ) the provision in S. 756 which would authorize the Secretary of the Treasury to purchase ...
Common terms and phrases
50-mile limit accumulated American Bankers Association amount assets Banking and Currency BLANDFORD BODFISH bonds capital stock Chairman Colonel LEE commercial banks Congress cumulative debenture base Deposit Insurance Corporation dividends Eccles enactment FAHEY Federal Deposit Insurance Federal Home Loan Federal home-loan banks Federal Housing Administration Federal Reserve System Federal Savings funds home financing Home Loan Bank home mortgage Home Owners improved real estate insurance premium insured banks insured institutions insured savings investment legislation lending liquidation Loan Act loan associations Loan Bank Act Loan Bank Administration Loan Bank Board Loan Bank System Loan Corporation Loan Insurance Corporation Loan League loans on homes losses member institutions mortgage or obligation National Housing Act National Housing Agency objectives one-eighth one-twelfth Operating expenses premium charged premium rate premiums and fees proposed provision Savings and Loan Senator BUCK Senator DANAHER Senator RADCLIFFE share accounts statement surplus tion undivided profits United States Savings
Popular passages
Page 1 - ... the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities hereafter issued under the second Liberty bond act, as amended, and the purposes for which securities may be issued under the second Liberty bond act, as amended, are extended to include any purchases of the corporation's obligations hereunder.
Page 28 - The Secretary of the Treasury, in his discretion, is authorized to purchase any bonds issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and...
Page 2 - Act, or the application of such provision to any . person or circumstance, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby. SEC. 16. This Act may be cited as the "National Labor Relations Act.
Page 2 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 24 - Corporation issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter 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 the Corporation's obligations hereunder.
Page 32 - Such associations shall lend their funds only on the security of their shares or on the security of first liens upon homes or combination of homes and business property within fifty miles of their home office...
Page 6 - Federal Home Loan Bank Act", and the "Home Owners' Loan Act of 1933", Title 12 USCA § 1461 et seq.
Page 56 - Operations of the Federal Home Loan Bank System and the Federal Savings and Loan Insurance Corporation...
Page 2 - The Secretary of the Treasury shall not at any time purchase any obligations under this subsection if such purchase would increase the aggregate principal amount of his then outstanding holdings of such obligations under this subsection to an amount greater than $1,000,000,000.
Page 46 - ... effective date shall be exchanged and reissued at the rate of one share for each $100 paid into the Corporation for capital stock. The consideration received by the Corporation for the capital stock shall be allocated to capital and to surplus in such amounts as the board of directors shall prescribe. Such stock shall have no vote and shall not be entitled to the payment of dividends.