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 |
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Page 8
... important element of our post - war economy . So , increasingly , we hope to make studies and plans , and to have suggestions for the consideration of this committee and the Congress . Specifically we have before us today three bills ...
... important element of our post - war economy . So , increasingly , we hope to make studies and plans , and to have suggestions for the consideration of this committee and the Congress . Specifically we have before us today three bills ...
Page 10
... important factor in dealing with the acquisition and construction of homes in every section of the country in the years ahead of us . When Congress created the Federal Home Loan Bank System in 1932 with 12 regional banks , it provided ...
... important factor in dealing with the acquisition and construction of homes in every section of the country in the years ahead of us . When Congress created the Federal Home Loan Bank System in 1932 with 12 regional banks , it provided ...
Page 11
... important that it should be dealt with promptly after the war . Inasmuch as the safety of loans of this type is protected by Federal Housing Administration insurance there is no good reason why the Federal home - loan banks should be ...
... important that it should be dealt with promptly after the war . Inasmuch as the safety of loans of this type is protected by Federal Housing Administration insurance there is no good reason why the Federal home - loan banks should be ...
Page 12
... important feature of the program . Mr. FAHEY . That is right . Senator RADCLIFFE . And any restriction or limitation upon them does not seem to fit into the general picture . Mr. FAHEY . That is quite true . In the same way since , of ...
... important feature of the program . Mr. FAHEY . That is right . Senator RADCLIFFE . And any restriction or limitation upon them does not seem to fit into the general picture . Mr. FAHEY . That is quite true . In the same way since , of ...
Page 13
... important section in this bill is section 3 . It authorizes the Secretary of the Treasury , acting upon his own judg- ment , to purchase obligations of the Federal home - loan banks and the Federal Savings and Loan Insurance Corporation ...
... important section in this bill is section 3 . It authorizes the Secretary of the Treasury , acting upon his own judg- ment , to purchase obligations of the Federal home - loan banks and the Federal Savings and Loan Insurance Corporation ...
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.