Federal Home Loan Bank Amendments, Hearings Before ..., 80-2 on S. 2416 ... S. 2417 ..., April 28, May 24 and 28, 1948 |
From inside the book
Results 1-5 of 23
Page 7
... emergency or other special conditions , such funds cannot readily be obtained from private sources . The proposed amendment to H. R. 2799 would therefore permit the Secretary of the Treasury to purchase obligations issued under section ...
... emergency or other special conditions , such funds cannot readily be obtained from private sources . The proposed amendment to H. R. 2799 would therefore permit the Secretary of the Treasury to purchase obligations issued under section ...
Page 8
... emergency situations . Certainly the accumulation of adequate reserves is such an action . The Bureau of the Budget has advised me that our original draft of the proposed amendments to H. R. 2799 were referred to the Treasury , the ...
... emergency situations . Certainly the accumulation of adequate reserves is such an action . The Bureau of the Budget has advised me that our original draft of the proposed amendments to H. R. 2799 were referred to the Treasury , the ...
Page 12
... emergency or other par- ticular conditions , such funds cannot be readily obtained from private sources . The need for such assurance of Government support has been recognized in the case of other financial agencies of the Government ...
... emergency or other par- ticular conditions , such funds cannot be readily obtained from private sources . The need for such assurance of Government support has been recognized in the case of other financial agencies of the Government ...
Page 15
... emergency need , to purchase the obligations of the Federal Home Loan Bank System in amounts not exceeding $ 1,000,000,000 outstanding at any one time . In my opinion this is the most important single proposal in the legislation . At ...
... emergency need , to purchase the obligations of the Federal Home Loan Bank System in amounts not exceeding $ 1,000,000,000 outstanding at any one time . In my opinion this is the most important single proposal in the legislation . At ...
Page 16
... emergency conditions which may arise at some future time in the home financing field . The second major proposal of the pending amendments relates to the financing and capital stock of the Federal Savings and Loan Insurance Corporation ...
... emergency conditions which may arise at some future time in the home financing field . The second major proposal of the pending amendments relates to the financing and capital stock of the Federal Savings and Loan Insurance Corporation ...
Common terms and phrases
amendments to H. R. amount equal annually bill as passed bonds borrow Budget Bureau capital stock centum Chairman Congress consideration the current Corporation's current average rate Deposit Insurance Corporation Divers ELLINGSON emergency enactment FDIC Federal association Federal Deposit Insurance Federal Home Loan Federal home-loan banks Federal Reserve System Federal Savings fiscal FITZPATRICK Foley Government capital Government Corporation Control HOLC Home Loan Bank Home Owners income insurance of accounts insured institutions insured members investments legislation Liberty Bond liquidity loan associations Loan Bank Act Loan Bank Board Loan Bank System loan business Loan Corporation Loan Insurance Corporation Loan League losses member institutions ment mortgage loans National Housing Act one-twelfth outstanding marketable obligations paid premium charge premium rate premium reduction President proposed amendment provision public funds purchase obligations rate on outstanding retirement Savings and Loan Secretary Senator CAIN stock equal subsection termination of insurance tion Treasury support undivided profits WIGGINS
Popular passages
Page 14 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the bank.
Page 57 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 3 - If any provision of this Act, or the application of such provision to any person or circumstances, 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.
Page 10 - The Secretary of the Treasury, in his discretion, is authorized to purchase any obligations of the 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 42 - Corporation may legally impose under section 403 of title IV of the National Housing Act, as now or hereafter amended, and the association shall upon conversion and thereafter be authorized to issue securities in any form...
Page 40 - ... such notice shall be mailed, postage prepaid, at least twenty and not more than thirty days prior to the date of the meeting, to each member of record of the Federal...
Page 10 - Treasury may sell, upon such terms and conditions and at such price or prices as he shall determine, any of the obligations acquired by him under this subsection. All purchases, and sales by the Secretary of the Treasury of such obligations under this subsection shall be treated as public debt transactions of the United States.
Page 11 - The Corporation is authorized to borrow from the Treasury, and the Secretary of the Treasury is authorized and directed to loan to the Corporation on such terms as may be fixed by the Corporation and the Secretary, such funds as in the judgment of the Board of Directors of the Corporation are from time to time required for insurance purposes, not exceeding in the aggregate $3,000,000,000 outstanding at any one time...
Page 51 - No Act of Congress hereafter passed shall be construed to make an appropriation out of the Treasury of the United States, or to authorize the execution of a contract involving the payment of money in excess of appropriations made by law, unless such Act shall in specific terms declare an appropriation to be made or that a contract may be executed.
Page 44 - In order to provide local mutual thrift institutions in which people may invest their funds and in order to provide for the financing of homes, the Board is authorized, under such rules and regulations as it may prescribe, to provide for the organization, incorporation, examination, operation, and regulation of associations to be known as "Federal Savings and Loan Associations...