Financial Institutions and the Urban Crisis: Hearings, Ninetieth Congress, Second Session, on Private Investment in the Inner City, Volume 2U.S. Government Printing Office, 1968 - 470 pages |
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Administration agencies American assistance bankers basic Board borrowers branch banking businessmen capital central city Chairman chartering commercial banks Committee Community Development community development banks Congress core area Corporation costs deposits Development Bank economic development effort eligible employment equity established existing Federal credit unions Federal Savings financial institutions funds ghetto areas ghetto residents going Government groups guarantee Illinois incentive income inner city inner-city Insurance Company interest rates investment involved League legislation lenders lending loan associations low-income ment million minority mortgage mortgage loans mutual savings banks National Bank National League Negro neighborhood operating opportunity organization ownership participation percent poverty areas projects RBOC risk savings and loan Senator BROOKE Senator PROXMIRE slum Small Business Small Business Administration social statement tion Urban Development urban problems urban renewal
Popular passages
Page 329 - Notes, drafts, and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than 90 days, exclusive of grace.
Page 3 - Our nation is moving toward two societies, one black, one white — separate and unequal.
Page 341 - System and that consideration has been given to the financial history and condition of the bank, the adequacy of its capital structure. its future earnings prospects, the general character of its management, the convenience and needs of the community to be served by the bank, and whether or not its corporate powers are consistent with the purposes of the Federal Deposit Insurance Act.
Page 53 - SEC. 132. Federal grants to any program carried out pursuant to this part shall not exceed 90 per centum of the cost of such program, including costs of administration, unless the Director determines, pursuant to regulations adopted and promulgated by him establishing objective criteria for such determinations, that assistance in excess of such percentages is required in furtherance of the purposes of this part.
Page 55 - ... no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to influence legislation, and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office.
Page 52 - SEC. 711. The purpose of this part is to establish special programs of assistance to nonprofit private locally initiated community development corporations which (1) are directed to the solution of the critical problems existing in particular communities or neighborhoods (defined without regard to political or other subdivisions or boundaries) within those urban...
Page 53 - Non-Federal contributions may be in cash or in kind, fairly evaluated, including but not limited to plant, equipment, and services.
Page 55 - The objects and purposes specified in the foregoing clauses shall, except where otherwise expressed, be in nowise limited or restricted by reference to, or inference from, the terms of any other clause in this certificate of incorporation, but the...
Page 53 - ... of this Act have been met ; (6) preference will be given to the residents of the areas served in filling jobs and training opportunities ; and (7) training programs financed under this part shall be designed wherever feasible to provide those persons who successfully complete such training with skills which are also in demand in communities or neighborhoods other than those for which programs are established under this part. (b) Financial assistance under this section shall not be extended to...
Page 138 - Federal credit union membership shall be limited to groups having a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district.