To Provide for the Insureance of Loans to Business, Hearings Beofre a Subcommittee of ..., 76-1 on S. 1482 ... S. 2343 ..., May 31, June 1 ... 29, 19391939 - 477 pages |
Common terms and phrases
agencies amount applications assets Avenue AYRES bank credit bankers believe big business bonds borrower BROOKHART businessman capital loans charge CLARK of Idaho commercial committee companies Corporations showing income course customers depositors deposits dollars ECCLES Federal Reserve banks Federal Reserve Board Federal Reserve System FRANK funds give Government Huck industrial insured loans interest rates investment legislation lending liquidate little business LOEB long-term loss manufacturer Mead bill mortgage National Bank NUGENT officers operating organization percent period present president profit question rate of interest reason Reconstruction Finance Corporation rediscount Representative ALLEN Representative SCHWERT risk Senator ADAMS Senator CLARK Senator DANAHER Senator FRAZIER Senator HUGHES Senator MEAD Senator RADCLIFFE Senator TOBEY Senator TOWNSEND Senator WAGNER chairman showing no income small business statement Street subcommittee suggestions thing tion WOODWARD York City
Popular passages
Page 105 - ... System, which I am informed was transmitted to the chairman of this committee on June 7. With the permission of the committee I would like to read it [reading] : The Federal Advisory Council desires to call to the attention of the Board of Governors of the Federal Reserve System Senate bill No. 2343 on which hearings are now being held by a subcommittee of the Banking and Currency Committee of the Senate. The Council believes that the great majority of businesses needing loans for a period of...
Page 62 - In exceptional circumstances, when it appears to the satisfaction of a Federal Reserve bank that an established industrial or commercial business located in its district is unable to obtain requisite financial assistance on a reasonable basis from the usual sources...
Page 1 - ... exclusively, and subject to regulations to be prescribed by the Federal Reserve Board, any such note secured by a certificate and held by a bank shall be eligible for discount or rediscount by the Federal reserve bank for the Federal reserve district in which the bank is located. Such note shall be eligible for discount or rediscount whether or not the bank offering the note...
Page 117 - Loeb, until 3 o'clock. (Whereupon, at 12 o'clock noon, a recess was taken until 3 pm of the same day.) AFTERNOON SESSION The hearing was resumed, pursuant to the recess, at 3 pm Senator WAGNER (chairman of the subcommittee).
Page 295 - We condemn the extravagance of the Farm Board, its disastrous action which made the Government a speculator of farm products, and the unsound policy of restricting agricultural products to the demands of domestic markets.